Clarus Corporation (NASDAQ:CLAR) shares fell to a low of $22.28 before closing at $22.93. Intraday shares traded counted 0.42 million, which was -128.38% lower than its 30-day average trading volume of 182.29K. CLAR’s previous close was $23.77 while the outstanding shares total 31.28M. The firm has a beta of 0.84, a 12-month trailing P/E ratio of 71.66, and a growth ratio of 7.17. The stock’s Relative Strength Index (RSI) is 48.08, with weekly volatility at 3.42% and ATR at 0.98. The CLAR stock’s 52-week price range has touched low of $10.18 and a $26.07 high. The stock traded lower over the last trading session, losing -3.53% on 06/17/21.
Investors have identified the Leisure company Clarus Corporation 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 $709.22 million, 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.
Clarus Corporation (CLAR) 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. For CLAR, the company has in raw cash 6.53 million on their books with 5.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 138.82 million total, with 36.66 million as their total liabilities.
CLAR were able to record -3.87 million as free cash flow during the 08/09/2021 quarter of the year, this saw their quarterly net cash flow reduce by -11.26 million. In cash movements, the company had a total of -2.52 million as operating cash flow.
Potential earnings growth for Clarus Corporation (CLAR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/09/2021 quarter of the year, Clarus Corporation recorded a total of 75.33 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 28.91% coming in sequential stages and their sales for the 08/09/2021 quarter reducing by -0.82%.
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 48.28 million trying to sell their products during the last quarter, with the result yielding a gross income of 27.05 million. This allows shareholders to hold on to 31.28M with the recently reported earning now reading 0.18 cents per share. This is a figure that compared to analyst’s prediction for their 08/09/2021 (0.26 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.16 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 CLAR sounds very interesting.
Is the stock of CLAR attractive?
In related news, Director, SOKOLOW NICOLAS sold 5,020 shares of the company’s stock in a transaction that recorded on Jun 14. The sale was performed at an average price of 25.10, for a total value of 126,002. As the sale deal closes, the Executive Chairman, KANDERS WARREN B now sold 60,000 shares of the company’s stock, valued at 1,006,800. Also, Executive Chairman, KANDERS WARREN B sold 28,126 shares of the company’s stock in a deal that was recorded on Mar 19. The shares were price at an average price of 17.34 per share, with a total market value of 487,705. Following this completion of acquisition, the Executive Chairman, KANDERS WARREN B now holds 25,000 shares of the company’s stock, valued at 440,500. In the last 6 months, insiders have changed their ownership in shares of company stock by 12.10%.
6 out of 7 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Clarus Corporation. 0 analysts has assigned a Sell rating on the CLAR stock. The 12-month mean consensus price target for the company’s shares has been set at $28.00.