Clarus Corporation (NASDAQ:CLAR) shares, rose in value on Friday, 05/13/22, with the stock price up by 13.40% to the previous day’s close as strong demand from buyers drove the stock to $22.26.
Actively observing the price movement in the last trading, the stock closed the session at $19.63, falling within a range of $19.99 and $22.30. The value of beta (5-year monthly) was 0.85 whereas the PE ratio was 31.80 over 12-month period. Referring to stock’s 52-week performance, its high was $32.36, and the low was $18.92. On the whole, CLAR has fluctuated by 3.49% over the past month.
With the market capitalization of Clarus Corporation currently standing at about $816.27 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 07, 2022 – Mar 11, 2022. The company’s Forward Dividend Ratio is 0.10, with its dividend yield at 0.45%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.36, which is expected to increase to $0.48 for fiscal year $1.31 and then to about $1.53 by fiscal year 2022. Data indicates that the EPS growth is expected to be 87.10% in 2022, while the next year’s EPS growth is forecast to be 16.80%.
Analysts have estimated the company’s revenue for the quarter at $105.81 million, with a low estimate of $104.9 million and a high estimate of $108.9 million. According to the average forecast, sales growth in current quarter could jump up 39.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $363.48 million, representing an increase of 62.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CLAR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
9 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 8 recommend it as a Buy and 1 called the CLAR stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.97, with the price of CLAR currently trading nearly 3.53% and 0.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.81, while the 7-day volatility ratio is showing 10.16% which for the 30-day chart, stands at 6.06%. Furthermore, Clarus Corporation (CLAR)’s beta value is 0.88, and its average true range (ATR) is 1.32. The company’s stock has been forecasted to trade at an average price of $32.00 over the course of the next 52 weeks, with a low of $27.00 and a high of $40.00. Based on these price targets, the low is -21.29% off current price, whereas the price has to move -79.69% to reach the yearly target high. Additionally, analysts’ median price of $31.50 is likely to be welcomed by investors because it represents a decrease of -41.51% from the current levels.
A comparison of Clarus Corporation (CLAR) with its peers suggests the former has fared considerably weaker in the market. CLAR showed an intraday change of 13.40% in last session, and over the past year, it grew by 4.61%%. In comparison, Escalade Incorporated (ESCA) has moved higher at 3.67% on the day and was down -45.36% over the past 12 months. On the other hand, the price of Callaway Golf Company (ELY) has risen 3.89% on the day. The stock, however, is off -35.98% from where it was a year ago. Additionally, there is a gain of 3.05% for Columbia Sportswear Company (COLM) in last trading while the stock has seen an overall depriciation of -24.50%% over the past year. The PE ratio stands at 31.80 for Clarus Corporation, compared to 7.00 for Escalade Incorporated, and 8.90 for Callaway Golf Company. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.
Data on historical trading for Clarus Corporation (NASDAQ:CLAR) indicates that the trading volumes over the past 3 months, they’ve averaged 237.86K. According to company’s latest data on outstanding shares, there are 36.07 million shares outstanding.
Nearly 10.90% of Clarus Corporation’s shares belong to company insiders and institutional investors own 60.40% of the company’s shares. The stock has fallen by -19.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CLAR stock heading into the next quarter.