In the last trading session, 1.82 million shares of the Clarus Corporation (NASDAQ:CLAR) were traded, and its beta was 0.98. Most recently the company’s share price was $18.67, and it changed around $0.79 or 4.42% from the last close, which brings the market valuation of the company to $693.03M. CLAR currently trades at a discount to its 52-week high of $32.36, offering almost -73.33% off that amount. The share price’s 52-week low was $17.43, which indicates that the current value has risen by an impressive 6.64% since then. We note from Clarus Corporation’s average daily trading volume that its 10-day average is 1.21 million shares, with the 3-month average coming to 921.67K.
Clarus Corporation stock received a consensus recommendation rating of a Buy, based on a mean score of 1.60. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended CLAR as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Clarus Corporation is expected to report earnings per share of $0.36 for the current quarter.
Clarus Corporation (NASDAQ:CLAR) trade information
Instantly CLAR has showed a green trend with a performance of 4.42% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 19.60 on Tuesday, 06/21/22 increased the stock’s daily price by 4.74%. The company’s shares are currently down -32.65% year-to-date, but still up 1.47% over the last five days. On the other hand, Clarus Corporation (NASDAQ:CLAR) is -11.93% up in the 30-day period. We can see from the shorts that 1.4 million shares have been sold at a short interest cover period of 7.37 day(s).
The consensus price target as assigned by Wall Street analysts is $32.00, which translates to bulls needing to increase their stock price by 41.66% from its current value. Analyst projections state that CLAR is forecast to be at a low of $27.00 and a high of $40.00. In order for the stock price to hit the forecast high, the stock would need to plunge -114.25% from its current level, while the stock would need to crash -44.62% from its current level to reach the projected low.
Clarus Corporation (CLAR) estimates and forecasts
Clarus Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -30.15 percent over the past six months and at a 19.05% annual growth rate that is well above the industry average of 4.80%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 80.00% in revenue this quarter, and will report a decrease of -6.00% in the next quarter. The year-over-year growth rate is expected to be 25.90%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $109.35 million in revenue for the current quarter. 8 analysts expect Clarus Corporation to make $122.72 million in revenue for the quarter ending Sep 2022. Analysts predict that the company’s current quarter sales will jump, forecast at 64.40%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 35.00%. Clarus Corporation earnings are expected to increase by 311.70% in 2022, but the outlook is positive 32.90% per year for the next five years.
Clarus Corporation’s next quarterly earnings report is expected to be released around March 07 and March 11. The annual dividend yield of the stock is 0.54 percent and its annual dividend per share was 0.10. It is important to note, however, that the 0.54% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Clarus Corporation (NASDAQ:CLAR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 18.59% of Clarus Corporation shares, and 77.78% of them are in the hands of institutional investors. The stock currently has a share float of 95.53%. Clarus Corporation stock is held by 178 institutions, with Brown Advisory Inc. being the largest institutional investor. By Mar 30, 2022, it held 8.58% of the shares, which is about 3.2 million shares worth $72.8 million.
Greenhouse Funds, LLLP, with 7.00% or 2.61 million shares worth $72.26 million as of Dec 30, 2021, holds the second largest percentage of outstanding shares.
Brown Advisory Fds–Brown Advisory Small Cap Growth Fd and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 27, 2022. The former held 1.05 million shares worth $23.82 million, making up 2.81% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 0.78 million shares worth around $21.49 million, which represents about 2.08% of the total shares outstanding.