On September 19, 2023, a temporary suspension of trading activity occurred, resulting in a trading halt for a particular security or securities. This pause in trading was lifted at precisely 12:55:54 PM ET, allowing the resumption of normal trading operations.
The NASDAQ website serves as a valuable resource, offering information regarding current trading halts. This includes essential details such as the date and time of the halt, the symbol of the affected issue, the market involved, reason codes for the halt, the threshold price at which trading was paused, as well as the anticipated date and quote for resumption.
Adhering to the guidelines outlined in the Equity 4 rules of the NASDAQ Stock Market, trading halts are implemented based on either a Level 1 or Level 2 Market Decline. However, it is important to note that the exchange will only halt trading once per trading day, and if a Level 1 Market is triggered, trading will continue without interruption.
In the event that a Trading Pause is initiated by another exchange, NASDAQ has the option to resume trading following the pause, provided they receive the necessary Price Bands from the Processor.
It is worth mentioning that on September 18, 2023, at precisely 3:01:40 PM ET, the temporary suspension of trading for a specific security or securities was lifted, allowing trading to resume as normal.
The Clorox Company
CLX
Strong Buy
Updated on: 19/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Strong Buy
CLX Stock Performance and Financial Outlook: September 19, 2023
On September 19, 2023, CLX stock had a mixed performance. The stock opened at $141.14, slightly lower than the previous day’s close of $142.70. Throughout the day, the stock traded within a range of $138.33 to $141.14. The trading volume was relatively high, with 1,884,026 shares being traded.
CLX, or The Clorox Company, is a consumer non-durables company in the household/personal care industry. With a market cap of $18.1 billion, CLX is a significant player in the industry.
Looking at the company’s financials, CLX has experienced a decline in earnings growth over the past year, with a decrease of 67.87%. However, there has been a positive turnaround this year, with earnings growth of 11.14%. Looking ahead, the company is expected to continue this positive trend, with projected earnings growth of 11.00% over the next five years.
In terms of revenue growth, CLX experienced a modest increase of 3.97% last year.
When considering valuation metrics, CLX has a relatively high P/E ratio of 115.6. The price/sales ratio is 2.67, and the price/book ratio is even higher at 82.28.
It is worth noting that CLX is expected to report its next earnings on November 1, 2023. Analysts are forecasting an EPS (earnings per share) of $1.35 for the current quarter.
In terms of the company’s financial position, CLX reported annual revenue of $7.4 billion last year, with a net profit of $149.0 million. This translates to a net profit margin of 2.02%.
Overall, CLX stock had a mixed performance on September 19, 2023. While the stock opened slightly lower, it traded within a relatively narrow range throughout the day. The company’s financials show a decline in earnings growth over the past year, but a positive turnaround is expected this year and over the next five years. Investors are willing to pay a premium for CLX stock, as indicated by the high P/E ratio and price/sales ratio. The upcoming earnings report on November 1, 2023, will provide further insight into the company’s performance.
Clorox Co (CLX) Stock Analysis: Positive Outlook with Caution for Investors
On September 19, 2023, Clorox Co (CLX) stock had a last price of $138.65. According to data from CNN Money, 17 analysts have provided 12-month price forecasts for CLX, with a median target of $152.00. The highest estimate is $185.00, while the lowest estimate is $127.00. This indicates that the median estimate represents a potential increase of 9.63% from the last price.
The current consensus among 20 polled investment analysts is to hold stock in Clorox Co.
Looking at the company’s current quarter performance, Clorox Co reported earnings per share of $1.35 and sales of $1.8 billion. The reporting date for these results is scheduled for November 1.
Based on the price forecasts provided by analysts, it seems that there is a positive outlook for Clorox Co stock in the next 12 months.
However, it is important to note that the hold rating from analysts indicates a level of caution.
Investors should consider conducting further research and analysis before making any investment decisions regarding Clorox Co stock.
As the reporting date for the current quarter’s results is approaching, investors should pay attention to any updates or announcements made by Clorox Co.
In conclusion, while the median price forecast suggests a positive outlook for Clorox Co stock, investors should exercise caution and conduct thorough research before making any investment decisions. Monitoring the company’s performance and staying informed about any updates can help investors make more informed choices.
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