Investors Should Take Note Of Crocs Inc (CROX)

Crocs Inc (CROX) concluded trading on Thursday at a closing price of $130.81, with 4.87 million shares of worth about $636.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.90% during that period and on August 01, 2024 the price saw a loss of about -2.65%. Currently the company’s common shares owned by public are about 60.49M shares, out of which, 58.51M shares are available for trading.

Stock saw a price change of 4.53% in past 5 days and over the past one month there was a price change of -10.09%. Year-to-date (YTD), CROX shares are showing a performance of 40.04% which increased to 22.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $74.00 but also hit the highest price of $165.32 during that period. The average intraday trading volume for Crocs Inc shares is 1.32 million. The stock is currently trading -3.84% below its 20-day simple moving average (SMA20), while that difference is down -9.87% for SMA50 and it goes to 9.71% higher than SMA200.

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Crocs Inc (NASDAQ: CROX) currently have 60.49M outstanding shares and institutions hold larger chunk of about 93.65% of that.

The stock has a current market capitalization of $7.94B and its 3Y-monthly beta is at 2.00. PE ratio of stock for trailing 12 months is 10.12, while it has posted earnings per share of $12.92 in the same period. Its PEG reads 1.31 and has Quick Ratio of 1.14 while making debt-to-equity ratio of 1.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CROX, volatility over the week remained 4.76% while standing at 3.55% over the month.

Stock’s fiscal year EPS is expected to rise by 5.85% while it is estimated to increase by 9.21% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Monness Crespi & Hardt on May 08, 2024 offering a Buy rating for the stock and assigned a target price range of between $140 and $170 to it. Coverage by Barclays stated Crocs Inc (CROX) stock as an Overweight in their note to investors on April 01, 2024, suggesting a price target of $167 for the stock. On February 07, 2024, KeyBanc Capital Markets Initiated their recommendations, while on December 12, 2023, BofA Securities Initiated their ratings for the stock with a price target of $128. Stock get a Strong buy rating from Raymond James on November 28, 2023.

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