Clorox Co. (CLX)’s Market Momentum: Closing Strong at 135.74, Down -2.08

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As of close of business last night, Clorox Co.’s stock clocked out at $135.74, down -2.08% from its previous closing price of $138.63. In other words, the price has decreased by -$2.08 from its previous closing price. On the day, 1.87 million shares were traded. CLX stock price reached its highest trading level at $138.78 during the session, while it also had its lowest trading level at $135.43.

Ratios:

To gain a deeper understanding of CLX’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 76.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.57. For the most recent quarter (mrq), Quick Ratio is recorded 0.53 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 33.19 whereas as Long-Term Debt/Eq ratio is at 31.07.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on April 02, 2024, Downgraded its rating to Neutral and sets its target price to $165 from $170 previously.

On March 26, 2024, Jefferies Upgraded its rating to Hold which previously was Underperform but kept the price unchanged to $145.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 14 ’23 when Jacobsen Kevin B sold 3,346 shares for $160.82 per share. The transaction valued at 538,096 led to the insider holds 23,224 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CLX now has a Market Capitalization of 17216176128 and an Enterprise Value of 19822305280. As of this moment, Clorox’s Price-to-Earnings (P/E) ratio for their current fiscal year is 70.25, and their Forward P/E ratio for the next fiscal year is 20.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.34 while its Price-to-Book (P/B) ratio in mrq is 185.24. Its current Enterprise Value per Revenue stands at 2.75 whereas that against EBITDA is 17.342.

Stock Price History:

The Beta on a monthly basis for CLX is 0.39, which has changed by -0.13065195 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, CLX has reached a high of $169.14, while it has fallen to a 52-week low of $114.68. The 50-Day Moving Average of the stock is -1.83%, while the 200-Day Moving Average is calculated to be -3.59%.

Shares Statistics:

It appears that CLX traded 1.24M shares on average per day over the past three months and 1127640 shares per day over the past ten days. A total of 124.19M shares are outstanding, with a floating share count of 123.96M. Insiders hold about 0.18% of the company’s shares, while institutions hold 81.16% stake in the company. Shares short for CLX as of 1715731200 were 4603992 with a Short Ratio of 3.71, compared to 1713139200 on 3501851. Therefore, it implies a Short% of Shares Outstanding of 4603992 and a Short% of Float of 4.2299999999999995.

Dividends & Splits

With its trailing 12-month dividend rate of 4.8, CLX has a forward annual dividend rate of 4.80. Against a Trailing Annual Dividend Yield of 0.03462454The stock’s 5-year Average Dividend Yield is 2.8. The current Payout Ratio is 395.03% for CLX, which recently paid a dividend on 2024-04-23 with an ex-dividend date of 1713830400. Stock splits for the company last occurred on 1999-08-24 when the company split stock in a 2:1 ratio.

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