Monday, September 21, 2020

The Clorox Company [CLX] Is Currently 0.23 below its 200 Period Moving Avg: What Dose This Mean?

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The Clorox Company [NYSE: CLX] gained 0.23% on the last trading session, reaching $213.00 price per share at the time.

The Clorox Company represents 126.39 million in outstanding shares, while the company has a total market value of $27.42 billion with the latest information. CLX stock price has been found in the range of $207.35 to $213.08.

If compared to the average trading volume of 1.52M shares, CLX reached a trading volume of 1916147 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about The Clorox Company [CLX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLX shares is $224.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLX stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

DA Davidson have made an estimate for The Clorox Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 30, 2020. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $169 to $172. The new note on the price target was released on March 19, 2020, representing the official price target for The Clorox Company stock. Previously, the target price had yet another raise from $153 to $185, while JP Morgan kept a Overweight rating on CLX stock.

The Average True Range (ATR) for The Clorox Company is set at 5.65, with the Price to Sales ratio for CLX stock in the period of the last 12 months amounting to 4.08. The Price to Book ratio for the last quarter was 29.67, with the Price to Cash per share for the same quarter was set at 6.77. Price to Free Cash Flow for CLX in the course of the last twelve months was 36.12 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for CLX stock

The Clorox Company [CLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.70. With this latest performance, CLX shares dropped by -10.31% in over the last four-week period, additionally plugging by 21.71% over the last 6 months – not to mention a rise of 34.53% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLX stock in for the last two-week period is set at 36.61, with the RSI for the last a single of trading hit 34.11, and the three-weeks RSI is set at 41.11 for The Clorox Company [CLX]. The present Moving Average for the last 50 days of trading for this stock 226.00, while it was recorded at 217.21 for the last single week of trading, and 188.80 for the last 200 days.

The Clorox Company [CLX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and The Clorox Company [CLX] shares currently have an operating margin of +18.82 and a Gross Margin at +45.44. The Clorox Company’s Net Margin is presently recorded at +13.97.

Return on Equity for this stock inclined to 128.02, with Return on Assets sitting at 16.58.

The Clorox Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.40.

The Clorox Company [CLX]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, The Clorox Company posted 1.59/share EPS, while the average EPS was predicted by analysts to be reported at 1.54/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Clorox Company go to 4.57%.

An analysis of insider ownership at The Clorox Company [CLX]

There are presently around $21,724 million, or 81.80% of CLX stock, in the hands of institutional investors. The top three institutional holders of CLX stocks are: VANGUARD GROUP INC with ownership of 15,569,472, which is approximately -2.415% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 11,324,739 shares of the stock with an approximate value of $2.41 billion in CLX stocks shares; and STATE STREET CORP, currently with $1.59 billion in CLX stock with ownership of nearly -9.592% of the company’s market capitalization.

Positions in The Clorox Company stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 581 institutional holders increased their position in The Clorox Company [NYSE:CLX] by around 11,335,644 shares. Additionally, 508 investors decreased positions by around 10,092,608 shares, while 188 investors held positions by with 80,562,010 shares. The mentioned changes placed institutional holdings at 101,990,262 shares, according to the latest SEC report filing. CLX stock had 172 new institutional investments in for a total of 911,458 shares, while 80 institutional investors sold positions of 2,194,888 shares during the same period.

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