Oct 31, 2024
 in 
Hot Stocks 🔥

47% Climb Predicted For Crocs | Nemo‍

Name of opportunity: 👀

Crocs, Inc 

Going back up again?: ☝️

Crocs stock has fallen by 19.30% since Tuesday, when the company’s Q3 earnings results worried investors. The part that concerned them the most was the revenue from Heydude, a footwear brand that Crocs acquired in 2021 for $2.5 billion - the revenue was down 17% year on year. 

How hot is this investment opportunity? 🔥🔥🔥

If you look up Crocs on the Nemo app, you’ll find that analysts feel more positive about Crocs than the stock’s recent performance might suggest. Analysts predict the price of Crocs, Inc. might increase from $108.64 to $160.33 in the next 12 months. If you invested $1000, you might profit $470.95.

While Heydude is not doing very well, Q3 revenue for Crocs overall was up more than 7% - and estimates had only predicted growth between 3 and 5%. 

Crocs seems to be in strong financial health with a trailing 12 months EBITDA - earnings before certain expenses - of $1.131 billion.

In recent years, Crocs’ reputation has had a major shift. Previously popularly thought of as making ugly but practical footwear, the company has had high profile collaborations with major brands like Balenciaga, making these unusual looking, affordably priced shoes a fashion hit. 

Shoe brand: 🥿

You’ll have to forgive us for the shoe emoji we’ve used which doesn’t quite convey Crocs’ unique style. Crocs, Inc. is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear and accessories for women, men and children. The Company operates through three segments: the Americas, operating in North and South America; the Asia Pacific, operating throughout Asia, Australia, and New Zealand; and Europe, Middle East, and Africa (EMEA), operating throughout Europe, Russia, the Middle East, and Africa.

Which neme?: 🔍

‘Biggest Losers Today’, ‘Stocks On The Move’ 

Download Nemo to check out stock in Crocs. As part of our registration bonus offer, if you add up to $50 to your account, we’ll give you a 50% bonus! 

Han Tan

Han Tan is a seasoned financial journalist and news presenter renowned for his expertise in global markets. With a career highlighted by interviews with prominent figures and recognition from major media outlets like CNN and Reuters, he delivers insightful analysis on market news and macroeconomic trends to clients and international audiences. Han's sharp commentary on currencies, stocks, and commodities is familiar to viewers of Bloomberg TV Malaysia, BFM 89.9, and NTV7, cementing his sterling reputation in the industry.