Clarivate Plc (NYSE:CLVT) currently has a daily average trading volume of 5.32M but it saw 4308037 shares traded in last market. With a market cap of 2.76B USD, the company’s current market price of $3.99 came falling about -0.99 while comparing to the previous closing price of $4.03. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.77 and as low as $3.96. In the recent trading on the day, stock has struck highest price mark of $3.98 while lowest mark touched by it was $4.0868.
Taking a look at 20-day trading activity of Clarivate Plc (CLVT) gives us an average price of $4.44, while its current price level is -48.65% below from 52-week high level whereas it is 0.76% 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 $4.89 while that of 200 days or SMA-200 reads an average of $5.73. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.65% during that period while stretching the period over a month that increases to 5.94%. 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 27.97 which implies that the stock is in oversold territory.
Wells Fargo downgraded its recommendation for the stock as a “Underweight” from “Equal Weight” on December 15, 2023 while assigning a price target of $8. Jefferies issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $10 and $8.50.
Over the week, CLVT’s stock price is moving -5.00% down while it is -18.07% when we observe its performance for the past one month. Year-to-date it is -21.46% down and over the past year, the stock is showing a downside performance of -44.27%.
The company is expected to be releasing its next quarterly report on 2025-Feb-18, for which analysts forecasted an EPS of 0.12 while estimate for next year EPS is 0.64. In next quarter, company is expected to be making quarterly sales of $593.36M as analysts are expecting the sales for current fiscal year at $2.35B and seeing the company making $2.37B in sales next year. Moreover, analysts are in estimates of $574.03M for current-quarter revenue.
Currently, Clarivate Plc’s total number of outstanding shares is 691.40M with 16.27% of that held by the insiders while 93.87% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -6.88% and return on equity (ROE) at -11.44%. It has a 5.73 of forward P/E ratio. Stock’s beta reads 1.47. Stock has a price to book (P/B) ratio of 0.54 while price to sale or P/S ratio amounts to 1.08. Its return on asset (ROA) is -5.26% on average.
