Clearwater Analytics Holdings Inc (NYSE:CWAN) currently has a daily average trading volume of 1.99M but it saw 2240570 shares traded in last market. With a market cap of 5.12B USD, the company’s current market price of $23.39 came rising about 1.61 while comparing to the previous closing price of $23.02. In past 52 weeks, the stock remained buoying in the range of price level as high as $23.91 and as low as $15.62. In the recent trading on the day, stock has struck highest price mark of $22.935 while lowest mark touched by it was $23.56.
Taking a look at 20-day trading activity of Clearwater Analytics Holdings Inc (CWAN) gives us an average price of $21.50, while its current price level is -2.17% below from 52-week high level whereas it is 49.74% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $20.03 while that of 200 days or SMA-200 reads an average of $18.97. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.36% during that period while stretching the period over a month that increases to 3.73%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 67.11 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Oppenheimer which upgraded the stock as “Outperform” in its note to investors issued on July 08, 2024, recommending a price target of $25 for it. JP Morgan downgraded its recommendation for the stock as a “Neutral” from “Overweight” on February 29, 2024 while assigning a price target range of $24-$22. UBS issued its recommendations for the stock as it initiated the price target for the stock is $24.
Over the week, CWAN’s stock price is moving 3.96% up while it is 20.82% when we observe its performance for the past one month. Year-to-date it is 16.77% up and over the past year, the stock is showing an upside performance of 37.91%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.09 beat the consensus estimate of 0.08 for the same. In next quarter, company is expected to be making quarterly sales of $120.18M as analysts are expecting the sales for current fiscal year at $443.07M and seeing the company making $528.86M in sales next year. Moreover, analysts are in estimates of $113.41M for current-quarter revenue.
Currently, Clearwater Analytics Holdings Inc’s total number of outstanding shares is 218.79M. Company’s return on investment (ROI) stands at -1.03% and return on equity (ROE) at -1.34%. It has a 45.13 of forward P/E ratio. Stock’s beta reads 0.52. Stock has a price to book (P/B) ratio of 13.44 while price to sale or P/S ratio amounts to 12.69. Its return on asset (ROA) is -0.84% on average.
