In the past week, CLVT stock has gone up by 4.23%, with a monthly decline of -2.72% and a quarterly plunge of -22.28%. The volatility ratio for the week is 3.29%, and the volatility levels for the last 30 days are 3.05% for Clarivate Plc The simple moving average for the past 20 days is -1.67% for CLVT’s stock, with a -8.74% simple moving average for the past 200 days.
Is It Worth Investing in Clarivate Plc (NYSE: CLVT) Right Now?
CLVT has 36-month beta value of 1.23. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CLVT is 368.95M, and currently, short sellers hold a 10.00% ratio of that float. The average trading volume of CLVT on April 23, 2024 was 4.13M shares.
CLVT) stock’s latest price update
Clarivate Plc (NYSE: CLVT)’s stock price has increased by 2.29 compared to its previous closing price of 6.99. However, the company has seen a 4.23% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that Clarivate (CLVT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Analysts’ Opinion of CLVT
Many brokerage firms have already submitted their reports for CLVT stocks, with Wells Fargo repeating the rating for CLVT by listing it as a “Underweight.” The predicted price for CLVT in the upcoming period, according to Wells Fargo is $8 based on the research report published on December 15, 2023 of the previous year 2023.
Jefferies, on the other hand, stated in their research note that they expect to see CLVT reach a price target of $8.50, previously predicting the price at $10. The rating they have provided for CLVT stocks is “Buy” according to the report published on October 16th, 2023.
Barclays gave a rating of “Underweight” to CLVT, setting the target price at $7 in the report published on September 08th of the previous year.
CLVT Trading at -6.69% 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 -28.71% of loss for the given period.
Volatility was left at 3.05%, however, over the last 30 days, the volatility rate increased by 3.29%, as shares sank -0.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.12% lower at present.
During the last 5 trading sessions, CLVT rose by +4.23%, which changed the moving average for the period of 200-days by -22.54% in comparison to the 20-day moving average, which settled at $7.27. In addition, Clarivate Plc saw -22.79% 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:
- 0.05 for the present operating margin
- 0.59 for the gross margin
The net margin for Clarivate Plc stands at -0.35. The total capital return value is set at 0.01. Equity return is now at value -14.23, with -6.84 for asset returns.
Based on Clarivate Plc (CLVT), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.79. The interest coverage ratio of the stock is 0.49.
Currently, EBITDA for the company is 982.7 million with net debt to EBITDA at 4.45. When we switch over and look at the enterprise to sales, we see a ratio of 3.5. The receivables turnover for the company is 2.89for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
To put it simply, Clarivate Plc (CLVT) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
