Currently, Crocs Inc [CROX] is trading at $139.05, up 0.82%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CROX shares have gain 7.98% over the last week, with a monthly amount drifted -1.10%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Raymond James downgraded its rating to Outperform on August 02, 2024, and kept the price target unchanged to $164. On May 08, 2024, Monness Crespi & Hardt reiterated its Buy rating and revised its price target to $170 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $167 on April 01, 2024. KeyBanc Capital Markets initiated its recommendation with a Overweight and recommended $130 as its price target on February 07, 2024. BofA Securities started tracking with a Buy rating for this stock on December 12, 2023, and assigned it a price target of $128. In a note dated November 28, 2023, Raymond James upgraded an Strong Buy rating on this stock and boosted its target price from $98 to $115.
This stock has fluctuated between a low of $74.00 and a high of $165.32 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $147.36 within the next 12 months. Crocs Inc [NASDAQ: CROX] shares were valued at $139.05 at the most recent close of the market. An investor can expect a potential return of 5.98% based on the average CROX price forecast.
Analyzing the CROX fundamentals
Trailing Twelve Months sales for Crocs Inc [NASDAQ:CROX] were 4.06B which represents 3.65% growth. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.55 and Total Capital is 0.26. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.96.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 137.68 points at the first support level, and at 136.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 140.38, and for the 2nd resistance point, it is at 141.71.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Crocs Inc [NASDAQ:CROX] is 1.50. Further, the Quick Ratio stands at 0.95, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 5.01 and price to earnings (TTM) ratio is 10.46.
Transactions by insiders
Recent insider trading involved TREFF DOUGLAS J, Director, that happened on Aug 08 ’24 when 10594.0 shares were sold. Director, TREFF DOUGLAS J completed a deal on Aug 08 ’24 to buy 10594.0 shares. Meanwhile, Director REPLOGLE JOHN B bought 1996.0 shares on Aug 02 ’24.
