Crocs Inc. (CROX) Stock: Looks Like A Good Investment

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Crocs Inc. (NASDAQ:CROX) concluded the trading at $57.56 on Thursday, June 09 with a fall of -1.89% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $58.67 and 5Y monthly beta was reading 1.85 with its price kept floating in the range of $57.2129 and $59.50 on the day. Company’s P/E ratio for the trailing 12 months is 5.17. Considering stock’s 52-week price range provides that CROX hit a high price of $183.88 and saw its price falling to a low level of $47.33 during that period. Over a period of past 1-month, stock came adding 6.20% in its value.

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With its current market valuation of $3.57 billion, Crocs Inc. is set to declare its quarterly results on Apr 25, 2022 – Apr 29, 2022. Analysts are in estimates of $2.7 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $10.5 for 2022 with estimates of that growing to $12.17 in next year. These estimates are suggesting current year growth of 26.20% for EPS and 15.90% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $947.17 million. They suggested that in the process company could generate revenue of as low as $920.96 million which could climb up to $985.5 million to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $3.52 billion in 2022, which will be 52.00% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with 3 upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review CROX stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the CROX stock which is currently positioned at 0.52. It further provides that stock’s current price level is 2.77% away from its 20-day simple moving average and is -11.29% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 46.02 while volatility remained at 4.46% over the past week which changes to 6.35% when measuring it over the past month. Beta is valued at 1.87, while measure of average true range or ATR is currently at 3.83.

In comparing Crocs Inc. (CROX)’s stock with other industry players reveals that stock’s current price change of -1.89% and that of -44.94% over the past 12 months is in competing position with that of Skechers U.S.A. Inc. (SKX) which saw its stock price fall by -1.17% in the last trading and went through a decrease of -13.57% in past 12-month trading. Industry’s another major player Deckers Outdoor Corporation (DECK) has fall -0.31% down in previous session, but over the past year has faced a fall of -15.29%, while Caleres Inc. (CAL) was also up 2.92% however its price remained floating in the green at 10.48% over the same period. Crocs Inc. has a P/E ratio of 5.17 against that of Skechers U.S.A. Inc.’s 8.52 while Deckers Outdoor Corporation is showing 16.89 for the same. On the other hand, the S&P 500 Index was down -2.38% in the last trading session while the Dow Jones Industrial closed the session lower at -1.94%.

Having a second look at Crocs Inc. (NASDAQ:CROX) provides that stock’s average daily trading volume for 3 months was 1.70 million. Number of outstanding shares of the stock stood at 59.82 million.

The percentage of outstanding shares held by the insiders is 3.40% while it is 82.40% for the institutional holders. Subtraction of -55.11% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.