Clarus Corp (NASDAQ: CLAR) stock jumped 0.19% on Monday to $5.22 against a previous-day closing price of $5.21. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.31 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $5.45 whereas the lowest price it dropped to was $5.16. The 52-week range on CLAR shows that it touched its highest point at $10.72 and its lowest point at $4.77 during that stretch. It currently has a 1-year price target of $8.75. With its current market cap of 199.14 million, CLAR has annualized dividend of $0.10 while the current yield stands at 1.92%. Beta for the stock currently stands at 0.88.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CLAR was up-trending over the past week, with a rise of 5.03%, but this was down by -2.70% over a month. Three-month performance dropped to -36.26% while six-month performance fell -40.55%. The stock lost -30.68% in the past year, while it has lost -33.42% so far this year. A look at the trailing 12-month EPS for CLAR yields -2.25 with Next year EPS estimates of -0.04. For the next quarter, that number is -0.08. This implies an EPS growth rate of 93.19% for this year and 68.75% for next year. EPS is expected to grow by 6.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -142.65%.
Float and Shares Shorts:
At present, 37.05 million CLAR shares are outstanding with a float of 28.93 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.76 million, which was 7.26% higher than short shares on Sep 28, 2023. In addition to Mr. Warren B. Kanders as the firm’s Executive Chairman, Mr. Michael J. Yates serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 96.82% of CLAR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.75% of CLAR, in contrast to 34.73% held by mutual funds. Shares owned by individuals account for 32.70%. As the largest shareholder in CLAR with 12.09% of the stake, Brown Advisory LLC holds 4,530,307 shares worth 4,530,307. A second-largest stockholder of CLAR, Greenhouse Funds LLLP, holds 4,054,435 shares, controlling over 10.82% of the firm’s shares. Thrivent Asset Management LLC is the third largest shareholder in CLAR, holding 3,494,352 shares or 9.33% stake. With a 4.08% stake in CLAR, the Brown Advisory Small Cap Growth F is the largest stakeholder. A total of 1,529,261 shares are owned by the mutual fund manager. The Fidelity Series Small Cap Opportu, which owns about 3.50% of CLAR stock, is the second-largest Mutual Fund holder. It holds 1,311,984 shares valued at 7.6 million. Thrivent Small Cap Stock Fund holds 3.44% of the stake in CLAR, owning 1,287,355 shares worth 7.45 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CLAR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CLAR analysts setting a high price target of $13.00 and a low target of $5.00, the average target price over the next 12 months is $8.75. Based on these targets, CLAR could surge 149.04% to reach the target high and fall by -4.21% to reach the target low. Reaching the average price target will result in a growth of 67.62% from current levels.
Dividends & Yield:
In terms of dividends, CLAR has a current ratio of $0.1, which is $0.1 over the trailing 12-months, while a dividend of $0.09 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and CLAR currently yields $1.91. In the past year, CLAR’s dividend yield has been $1.91, but when looking at the stock over the past five years, its yield has been $0.69. Accordingly, CLAR has a current buyback yield of $0.11. This was $0.11 for the TTM, and it was $1.76 for the past five years.
Summary of Insider Activity:
Insiders traded CLAR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 237,167 while 60,333 shares were sold.
