CLARUS CORPORATION

CLAR
Delayed Quote. Delayed  - 09/24 04:00:00 pm
13.51USD -0.66%

Clarus Corporation : There is still some upside potential

Nathan Houtch
Junior Analyst

Strategy published on : 09/15/2020 | 05:39

long trade
Live

Entry price : 13.65$
Target : 15$
Stop-loss : 12.78$
Potential : 9.89%

Shares in Clarus Corporation do not show any sign of a slowdown in the ascending dynamic. Investors could bet on a continuation of the underlying trend.
Investors have an opportunity to buy the stock and target the $ 15.

Summary

● The company usually posts poor financials for mid or long term investments.


Strengths

● The group usually releases upbeat results with huge surprise rates.

● Sales forecast by analysts have been recently revised upwards.

● For several months, analysts have been revising their EPS estimates roughly upwards.

● Analysts covering this company mostly recommend stock overweighting or purchase.


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● Technically, the stock approaches a strong medium-term resistance at USD 14.64.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● With an expected P/E ratio at 70.55 and 35.97 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.

● For the past year, analysts have significantly revised downwards their profit estimates.

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