Market Recap Check: Crocs Inc (CROX)’s Negative Finish at 152.59, Up/Down -1.39

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The price of Crocs Inc (NASDAQ: CROX) closed at $152.59 in the last session, down -1.39% from day before closing price of $154.74. In other words, the price has decreased by -$1.39 from its previous closing price. On the day, 1.4 million shares were traded. CROX stock price reached its highest trading level at $154.83 during the session, while it also had its lowest trading level at $151.46.

Ratios:

We take a closer look at CROX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 58.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.74. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.76. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 1.25.

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 this company, Monness Crespi & Hardt on May 08, 2024, Reiterated its Buy rating but revised its target price to $170 from $140 previously.

On April 01, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $167.

On February 07, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $130.KeyBanc Capital Markets initiated its Overweight rating on February 07, 2024, with a $130 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 17 ’24 when Rees Andrew sold 10,000 shares for $160.15 per share. The transaction valued at 1,601,507 led to the insider holds 79,748 shares of the business.

MEHLMAN ANNE sold 7,150 shares of CROX for $1,136,916 on Jun 17 ’24. The EVP of CROCS Brand now owns 143,075 shares after completing the transaction at $159.01 per share. On May 28 ’24, another insider, MICHAELS ADAM, who serves as the EVP, Chief Digital Officer of the company, sold 2,164 shares for $153.64 each. As a result, the insider received 332,477 and left with 109,131 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CROX now has a Market Capitalization of 9262594048 and an Enterprise Value of 11161003008. As of this moment, Crocs’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.81, and their Forward P/E ratio for the next fiscal year is 11.02. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.31 while its Price-to-Book (P/B) ratio in mrq is 5.80. Its current Enterprise Value per Revenue stands at 2.779 whereas that against EBITDA is 9.978.

Stock Price History:

Over the past 52 weeks, CROX has reached a high of $165.32, while it has fallen to a 52-week low of $74.00. The 50-Day Moving Average of the stock is 8.89%, while the 200-Day Moving Average is calculated to be 35.86%.

Shares Statistics:

According to the various share statistics, CROX traded on average about 1.16M shares per day over the past 3-months and 1265100 shares per day over the past 10 days. A total of 60.49M shares are outstanding, with a floating share count of 58.51M. Insiders hold about 3.62% of the company’s shares, while institutions hold 94.91% stake in the company. Shares short for CROX as of 1715731200 were 4944434 with a Short Ratio of 4.67, compared to 1713139200 on 4859227. Therefore, it implies a Short% of Shares Outstanding of 4944434 and a Short% of Float of 9.39.

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