Commvault Systems Inc (NASDAQ:CVLT) does about 480.26K shares in volume on a normal day but saw 882587 shares change hands in the recent trading day. The company now has a market cap of 8.09B USD. Its current market price is $183.24, marking a decrease of -2.00% compared to the previous close of $186.98. The 52 week high reached by this stock is $190.11 whilst the lowest price level in 52 weeks is $107.12. The script in recent trading has seen the stock touch a high of $192 and a low of $192.
6 analysts observing the Commvault Systems Inc (CVLT) stock have set the 12-month price targets for the company’s shares at between $192 and $192. The consensus objective for the share price is $187.29, suggesting that the stock has a potential upside of 2.16% over the period. The median price target is 4.56% away from the current levels at $192.
FactSet Research has provided data showing that 6 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 5 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Strong Buy the stock.
KeyBanc Capital Markets initiated its price target at $192.
The current price level is 3.02%, 10.19%, and 13.50% away from its SMA20, SMA50, and SMA200 respectively, with the CVLT price moving above the 50-day SMA on current market day. Commvault Systems Inc (CVLT) stock is up 2.56% over the week and 6.20% over the past month. Its price is 21.42% year-to-date and 68.43% over the past year.
Its 12-month price target is $192. To reach the target analysts have set, the stock logically needs to grow 2.16 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $192, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $192.
Outstanding shares total 44.10M with insiders holding 0.82% of the shares and institutional holders owning 103.43% of the company’s common stock. The company has a return on investment of 22.96% and return on equity of 25.23%. The price to earnings ratio (P/E ratio) amounts to 108.61 while the forward price to earnings ratio is 38.72. The beta has a value of 0.76. Price to book ratio is 24.86 and price to sales ratio is 8.12.
