Clorox Co. [NYSE: CLX] loss -5.57% or -8.24 points to close at $139.63 with a heavy trading volume of 4357570 shares.
The daily chart for CLX points out that the company has recorded 19.80% gains over the past six months.
If we look at the average trading volume of 1.22M shares, CLX reached to a volume of 4357570 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 Clorox Co. [CLX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLX shares is $151.56 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 3.27. 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.
Citigroup have made an estimate for Clorox Co. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 02, 2024. The new note on the price target was released on March 26, 2024, representing the official price target for Clorox Co. stock. Previously, the target price had yet another raise to $140, while Goldman analysts kept a Sell rating on CLX stock.
The Average True Range (ATR) for Clorox Co. is set at 3.12, with the Price to Sales ratio for CLX stock in the period of the last 12 months amounting to 2.37. The Price to Book ratio for the last quarter was 326.90, with the Price to Cash per share for the same quarter was set at 2.86. Price to Free Cash Flow for CLX in the course of the last twelve months was 23.80 with Quick ratio for the last quarter at 0.57.
Trading performance analysis for CLX stock
Clorox Co. [CLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.51. With this latest performance, CLX shares dropped by -6.11% in over the last four-week period, additionally plugging by 19.80% over the last 6 months – not to mention a drop of -16.45% 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 35.64, with the RSI for the last a single of trading hit 31.53, and the three-weeks RSI is set at 38.59 for Clorox Co. [CLX]. The present Moving Average for the last 50 days of trading for this stock 149.00, while it was recorded at 146.08 for the last single week of trading, and 144.26 for the last 200 days.
Clorox Co. [CLX]: A deeper dive into fundamental analysis
Clorox Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.57 and a Current Ratio set at 0.89.
Clorox Co. [CLX]: An earnings per share (EPS) analysis
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 Clorox Co. go to 13.14%.
An analysis of Institutional ownership at Clorox Co. [CLX]
The top three institutional holders of CLX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CLX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CLX stock with ownership which is approximately 5.8386%.
