Crocs Inc (NASDAQ: CROX) stock enjoyed a major increase of 20.3% on 1/8/24. The shares closed at $104.03. Moreover, this advance was accompanied by exceptionally high trading volume at 421% of normal. The stock has risen 9.2% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CROX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Crocs has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Crocs has a very high Appreciation Score of 98 but a poor Power Rating of 19, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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