Crocs Inc [NASDAQ: CROX] price surged by 7.79 percent to reach at $9.86.
The one-year CROX stock forecast points to a potential upside of 8.55. The average equity rating for CROX stock is currently 1.71, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Crocs Inc [CROX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CROX shares is $149.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CROX stock is a recommendation set at 1.71. 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.
Barclays have made an estimate for Crocs Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 01, 2024. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on February 07, 2024, representing the official price target for Crocs Inc stock. Previously, the target price had yet another raise to $128, while BofA Securities analysts kept a Buy rating on CROX stock. On November 28, 2023, analysts increased their price target for CROX shares from 98 to 115.
The Average True Range (ATR) for Crocs Inc is set at 5.17, with the Price to Sales ratio for CROX stock in the period of the last 12 months amounting to 2.06. The Price to Book ratio for the last quarter was 5.19, with the Price to Cash per share for the same quarter was set at 2.62. Price to Free Cash Flow for CROX in the course of the last twelve months was 10.24 with Quick ratio for the last quarter at 1.14.
CROX Stock Performance Analysis:
Crocs Inc [CROX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.75. With this latest performance, CROX shares gained by 2.83% in over the last four-week period, additionally plugging by 62.62% over the last 6 months – not to mention a rise of 19.23% 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 CROX stock in for the last two-week period is set at 63.00, with the RSI for the last a single of trading hit 69.14, and the three-weeks RSI is set at 60.18 for Crocs Inc [CROX]. The present Moving Average for the last 50 days of trading for this stock 129.11, while it was recorded at 127.53 for the last single week of trading, and 105.01 for the last 200 days.
Insight into Crocs Inc Fundamentals:
Crocs Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.14 and a Current Ratio set at 1.76.
CROX Stock EPS
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 CROX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Crocs Inc go to 7.40%.
Crocs Inc [CROX] Institutonal Ownership Details
The top three institutional holders of CROX 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 CROX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CROX stock with ownership which is approximately 5.8386%.
