Clarivate Plc (CCC) Downgrade Issued by Wall Street Gurus

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Clarivate Plc (NYSE:CCC) went up by 0.75% from its latest closing price compared to the recent 1-year high of $33.55. The company’s stock price has collected -3.28% of loss in the last five trading sessions. Press Release reported 6 hours ago that IncoPat Has Joined Clarivate

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Is It Worth Investing in Clarivate Plc (NYSE :CCC) Right Now?

Opinions of the stock are interesting as 7 analysts out of 8 who provided ratings for Clarivate Plc declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $34.29, which is $4.33 above the current price. CCC currently public float of 256.46M and currently shorts hold a 0.80% ratio of that float. Today, the average trading volume of CCC was 1.11M shares.

CCC’s Market Performance

CCC stocks went down by -3.28% for the week, with a monthly jump of 2.54% and a quarterly performance of 24.58%, while its annual performance rate touched 80.87%. The volatility ratio for the week stands at 2.81% while the volatility levels for the past 30 days are set at 3.52% for Clarivate Plc. The simple moving average for the period of the last 20 days is -5.88% for CCC stocks with a simple moving average of 22.16% for the last 200 days.

Analysts’ Opinion of CCC

Many brokerage firms have already submitted their reports for CCC stocks, with Goldman repeating the rating for CCC by listing it as a “Buy.” The predicted price for CCC in the upcoming period, according to Goldman is $37 based on the research report published on October 15th of the current year 2020.

Morgan Stanley, on the other hand, stated in their research note that they expect to see CCC reach a price target of $32. The rating they have provided for CCC stocks is “Equal-Weight” according to the report published on October 14th, 2020.

B. Riley FBR gave a rating of “Buy” to CCC, setting the target price at $35 in the report published on July 31st of the current year.

CCC Trading at -0.85% from the 50-Day Moving Average

After a stumble in the market that brought CCC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.07% of loss for the given period.

Volatility was left at 3.52%, however, over the last 30 days, the volatility rate increased by 2.81%, as shares sank -0.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.15% upper at present.

During the last 5 trading sessions, CCC fell by -3.28%, which changed the moving average for the period of 200-days by +72.62% in comparison to the 20-day moving average, which settled at $31.33. In addition, Clarivate Plc saw 75.60% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CCC

Current profitability levels for the company are sitting at:

  • +0.74 for the present operating margin
  • +43.86 for the gross margin

The net margin for Clarivate Plc stands at -21.65. The total capital return value is set at 0.24, while invested capital returns managed to touch -6.99. Equity return is now at value -8.30, with -3.40 for asset returns.

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Based on Clarivate Plc (CCC), the company’s capital structure generated 126.72 points at debt to equity in total, while total debt to capital is 55.89. Total debt to assets is 45.47, with long-term debt to equity ratio resting at 124.43. Finally, the long-term debt to capital ratio is 54.88.

When we switch over and look at the enterrpise to sales, we see a ratio of 6.41, with the company’s debt to enterprise value settled at 0.28. The receivables turnover for the company is 2.93 and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.

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