With 60.49M Outstanding Shares, Can Crocs Inc (NASDAQ: CROX) Deliver Big Short-Term Gains?

Crocs Inc (NASDAQ:CROX) currently has a daily average trading volume of 1.27M but it saw 1038993 shares traded in last market. With a market cap of 8.79B USD, the company’s current market price of $144.73 came falling about -0.40 while comparing to the previous closing price of $145.31. In past 52 weeks, the stock remained buoying in the range of price level as high as $147.36 and as low as $74.00.

Taking a look at 20-day trading activity of Crocs Inc (CROX) gives us an average price of $130.46, while its current price level is -1.78% below from 52-week high level whereas it is 95.58% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $131.38 while that of 200 days or SMA-200 reads an average of $105.85. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.84% during that period while stretching the period over a month that increases to 3.33%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 68.93 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Monness Crespi & Hardt which reiterated the stock as “Buy” in its note to investors issued on May 08, 2024, recommending a price target of between $140 and $170 for it. KeyBanc Capital Markets issued its recommendations for the stock as it initiated the price target for the stock is $130.

Over the week, CROX’s stock price is moving 6.87% up while it is 19.93% when we observe its performance for the past one month. Year-to-date it is 54.94% up and over the past year, the stock is showing an upside performance of 22.25%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 3.59 beat the consensus estimate of 2.97 for the same. In next quarter, company is expected to be making quarterly sales of $1.09B as analysts are expecting the sales for current fiscal year at $4.14B and seeing the company making $4.37B in sales next year. Moreover, analysts are in estimates of $1.1B for current-quarter revenue.

Currently, Crocs Inc’s total number of outstanding shares is 60.49M. Company’s return on investment (ROI) stands at 22.15% and return on equity (ROE) at 62.01%. It has a price to earnings ratio (P/E ratio) of 11.20 while having a 10.44 of forward P/E ratio. Stock’s beta reads 1.96. Stock has a price to book (P/B) ratio of 5.50 while price to sale or P/S ratio amounts to 2.19. Its return on asset (ROA) is 16.94% on average.