Clarivate Plc (NYSE: CLVT)’s stock price has plunge by 1.25relation to previous closing price of 7.21. Nevertheless, the company has seen a 12.48% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-07 that Clarivate Plc (NYSE:CLVT ) Q3 2023 Earnings Conference Call November 7, 2023 9:00 AM ET Company Participants Mark Donohue – Vice President, Investor Relations Jonathan Gear – Chief Executive Officer Jonathan Collins – Executive Vice President and Chief Financial Officer Conference Call Participants Toni Kaplan – Morgan Stanley Manav Patnaik – Barclays Surinder Thind – Jefferies Andrew Nicholas – William Blair John Mazzoni – Wells Fargo Owen Lau – Oppenheimer Ashish Sabadra – RBC Capital Markets Peter Christiansen – Citi George Tong – Goldman Sachs Operator Good morning. Thank you for attending today’s Clarivate Third Quarter 2023 Earnings Call.
Is It Worth Investing in Clarivate Plc (NYSE: CLVT) Right Now?
Clarivate Plc (NYSE: CLVT) has a price-to-earnings ratio that is above its average at 32.63x. and a 36-month beta value of 1.19.
The public float for CLVT is 391.80M, and at present, short sellers hold a 14.62% of that float. On November 21, 2023, the average trading volume of CLVT was 5.85M shares.
CLVT’s Market Performance
CLVT stock saw an increase of 12.48% in the past week, with a monthly gain of 8.15% and a quarterly increase of 3.40%. The volatility ratio for the week is 5.36%, and the volatility levels for the last 30 days are 4.85% for Clarivate Plc (CLVT). The simple moving average for the last 20 days is 8.86% for CLVT stock, with a simple moving average of -12.84% for the last 200 days.
Analysts’ Opinion of CLVT
Many brokerage firms have already submitted their reports for CLVT stocks, with Jefferies repeating the rating for CLVT by listing it as a “Buy.” The predicted price for CLVT in the upcoming period, according to Jefferies is $8.50 based on the research report published on October 16, 2023 of the current year 2023.
CLVT Trading at 6.84% 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 -39.12% of loss for the given period.
Volatility was left at 4.85%, however, over the last 30 days, the volatility rate increased by 5.36%, as shares surge +11.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.25% upper at present.
During the last 5 trading sessions, CLVT rose by +12.48%, which changed the moving average for the period of 200-days by -34.76% in comparison to the 20-day moving average, which settled at $6.74. In addition, Clarivate Plc saw -12.47% in overturn over a single year, with a tendency to cut further losses.
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. The total capital return value is set at 1.80, while invested capital returns managed to touch -26.97. Equity return is now at value 4.02, with 1.89 for asset returns.
Based on Clarivate Plc (CLVT), the company’s capital structure generated 74.93 points at debt to equity in total, while total debt to capital is 42.83. Total debt to assets is 36.61, with long-term debt to equity ratio resting at 93.69. Finally, the long-term debt to capital ratio is 42.61.
When we switch over and look at the enterprise to sales, we see a ratio of 3.64, with the company’s debt to enterprise value settled at 0.43. The receivables turnover for the company is 2.99 and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
To sum up, Clarivate Plc (CLVT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.