Crocs Inc. (NASDAQ:CROX) previous close was $62.69 while the outstanding shares total 67.47M. The firm has a beta of 1.78, a 12-month trailing P/E ratio of 28.58, and a growth ratio of 2.86. CROX’s shares traded lower over the last trading session, losing -0.56% on 12/29/20. The shares fell to a low of $61.95 before closing at $62.34. Intraday shares traded counted 1.08 million, which was 10.84% higher than its 30-day average trading volume of 1.21M. The stock’s Relative Strength Index (RSI) is 51.13, with weekly volatility at 3.50% and ATR at 2.27. The CROX stock’s 52-week price range has touched low of $8.40 and a $66.55 high.
Investors have identified the Footwear & Accessories company Crocs Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.34 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Crocs Inc. (CROX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 472.31 million total, with 278.61 million as their total liabilities.
CROX were able to record 125.45 million as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by 14.89 million. In cash movements, the company had a total of 158.64 million as operating cash flow.
Potential earnings growth for Crocs Inc. (CROX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, Crocs Inc. recorded a total of 361.74 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 13.54% coming in sequential stages and their sales for the Q3 2020 quarter increasing by 8.35%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 154.97 million trying to sell their products during the last quarter, with the result yielding a gross income of 206.77 million. This allows shareholders to hold on to 67.47M with the recently reported earning now reading 0.92 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (0.94 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.96 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CROX sounds very interesting.
Is the stock of CROX attractive?
In related news, Chief Executive Officer, Rees Andrew sold 31,400 shares of the company’s stock in a transaction that recorded on Dec 01. The sale was performed at an average price of 60.14, for a total value of 1,888,396. As the sale deal closes, the Chief Executive Officer, Rees Andrew now sold 8,600 shares of the company’s stock, valued at 516,344. Also, CFO, MEHLMAN ANNE sold 2,082 shares of the company’s stock in a deal that was recorded on Nov 03. The shares were price at an average price of 55.00 per share, with a total market value of 114,510. Following this completion of acquisition, the President, Poole Michelle now holds 9,806 shares of the company’s stock, valued at 535,996. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.90%.
6 out of 10 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Crocs Inc.. 0 analysts has assigned a Sell rating on the CROX stock. The 12-month mean consensus price target for the company’s shares has been set at $66.11.