The stock of Clarivate Plc (CLVT) has gone down by -7.38% for the week, with a -9.85% drop in the past month and a 5.95% rise in the past quarter. The volatility ratio for the week is 3.54%, and the volatility levels for the past 30 days are 3.58% for CLVT. The simple moving average for the last 20 days is -7.42% for CLVT stock, with a simple moving average of -13.03% for the last 200 days.
Is It Worth Investing in Clarivate Plc (NYSE: CLVT) Right Now?
The 36-month beta value for CLVT is also noteworthy at 1.08. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for CLVT is $13.09, which is $3.17 above than the current price. The public float for CLVT is 555.44M, and at present, short sellers hold a 5.56% of that float. The average trading volume of CLVT on March 17, 2023 was 6.46M shares.
CLVT) stock’s latest price update
Clarivate Plc (NYSE: CLVT)’s stock price has decreased by -1.11 compared to its previous closing price of 9.90. Despite this, the company has seen a loss of -7.38% in its stock price over the last five trading days.
Analysts’ Opinion of CLVT
The stock of Clarivate Plc (CLVT) has gone down by -7.38% for the week, with a -9.85% drop in the past month and a 5.95% rise in the past quarter. The volatility ratio for the week is 3.54%, and the volatility levels for the past 30 days are 3.58% for CLVT. The simple moving average for the last 20 days is -7.42% for CLVT stock, with a simple moving average of -13.03% for the last 200 days.
Analysts’ Opinion of CLVT
Morgan Stanley, on the other hand, stated in their research note that they expect to see CLVT reach a price target of $12, previously predicting the price at $11. The rating they have provided for CLVT stocks is “Equal-Weight” according to the report published on February 06th, 2023.
Wells Fargo gave a rating of “Overweight” to CLVT, setting the target price at $20 in the report published on July 13th of the previous year.
CLVT Trading at -6.81% from the 50-Day Moving Average
After a stumble in the market that brought CLVT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.07% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 3.54%, as shares sank -12.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.64% upper at present.
During the last 5 trading sessions, CLVT fell by -7.38%, which changed the moving average for the period of 200-days by -34.30% in comparison to the 20-day moving average, which settled at $10.51. In addition, Clarivate Plc saw 17.39% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLVT starting from Samson James Gordon, who sale 100,000 shares at the price of $10.48 back on Nov 15. After this action, Samson James Gordon now owns 737,898 shares of Clarivate Plc, valued at $1,048,110 using the latest closing price.
Snyder Andrew Miles, the Director of Clarivate Plc, purchase 51,063 shares at $11.58 during a trade that took place back on Sep 15, which means that Snyder Andrew Miles is holding 259,396 shares at $591,310 based on the most recent closing price.
Stock Fundamentals for CLVT
Current profitability levels for the company are sitting at:
- +9.98 for the present operating margin
- +37.42 for the gross margin
The net margin for Clarivate Plc stands at -148.89. Equity return is now at value -53.70, with -24.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
In summary, Clarivate Plc (CLVT) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
