Clarus Corp [NASDAQ: CLAR] price surged by 2.90 percent to reach at $0.13.
The one-year CLAR stock forecast points to a potential upside of 15.38. The average equity rating for CLAR stock is currently 2.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Clarus Corp [CLAR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLAR shares is $5.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLAR stock is a recommendation set at 2.00. 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.
ROTH MKM have made an estimate for Clarus Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 02, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price from $13 to $7. The new note on the price target was released on January 04, 2024, representing the official price target for Clarus Corp stock. Previously, the target price had yet another raise to $12, while B. Riley Securities analysts kept a Buy rating on CLAR stock. On May 03, 2023, analysts decreased their price target for CLAR shares from 12 to 10.
The Average True Range (ATR) for Clarus Corp is set at 0.20, with the Price to Sales ratio for CLAR stock in the period of the last 12 months amounting to 0.90. The Price to Book ratio for the last quarter was 0.57, with the Price to Cash per share for the same quarter was set at 0.95.
CLAR Stock Performance Analysis:
Clarus Corp [CLAR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.94. With this latest performance, CLAR shares gained by 10.79% in over the last four-week period, additionally sinking by -32.16% over the last 6 months – not to mention a drop of -12.99% 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 CLAR stock in for the last two-week period is set at 56.94, with the RSI for the last a single of trading hit 59.78, and the three-weeks RSI is set at 54.62 for Clarus Corp [CLAR]. The present Moving Average for the last 50 days of trading for this stock 4.42, while it was recorded at 4.53 for the last single week of trading, and 5.58 for the last 200 days.
Insight into Clarus Corp Fundamentals:
Clarus Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.73 and a Current Ratio set at 5.32.
CLAR 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 CLAR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Clarus Corp go to 6.10%.
Clarus Corp [CLAR] Institutonal Ownership Details
There are presently around $79.25%, or 86.77%% of CLAR stock, in the hands of institutional investors. The top three institutional holders of CLAR stocks are: GREENHOUSE FUNDS LLLP with ownership of 5.32 million shares, which is approximately 13.918%. BROWN ADVISORY INC, holding 3.98 million shares of the stock with an approximate value of $$26.8 million in CLAR stocks shares; and BROWN ADVISORY INC, currently with $$22.29 million in CLAR stock with ownership which is approximately 8.667%.
