Clearfield Inc (NASDAQ: CLFD) has experienced a rise in its stock price by 13.22 compared to its previous closing price of 31.91. However, the company has seen a gain of 22.43% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-03 that Here is how Clearfield (CLFD) and Nutanix (NTNX) have performed compared to their sector so far this year.
Is It Worth Investing in Clearfield Inc (NASDAQ: CLFD) Right Now?
Moreover, the 36-month beta value for CLFD is 1.32. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CLFD is 12.33M and currently, short sellers hold a 18.83% of that float. On May 06, 2024, CLFD’s average trading volume was 191.49K shares.
CLFD’s Market Performance
CLFD stock saw an increase of 22.43% in the past week, with a monthly gain of 22.10% and a quarterly increase of 22.72%. The volatility ratio for the week is 6.16%, and the volatility levels for the last 30 days are 3.76% for Clearfield Inc (CLFD). The simple moving average for the past 20 days is 21.44% for CLFD’s stock, with a 18.54% simple moving average for the past 200 days.
Analysts’ Opinion of CLFD
Many brokerage firms have already submitted their reports for CLFD stocks, with Northland Capital repeating the rating for CLFD by listing it as a “Outperform.” The predicted price for CLFD in the upcoming period, according to Northland Capital is $40 based on the research report published on May 03, 2024 of the current year 2024.
Northland Capital, on the other hand, stated in their research note that they expect to see CLFD reach a price target of $45. The rating they have provided for CLFD stocks is “Market Perform” according to the report published on August 04th, 2023.
CLFD Trading at 21.31% from the 50-Day Moving Average
After a stumble in the market that brought CLFD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.91% of loss for the given period.
Volatility was left at 3.76%, however, over the last 30 days, the volatility rate increased by 6.16%, as shares surge +20.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.14% upper at present.
During the last 5 trading sessions, CLFD rose by +22.43%, which changed the moving average for the period of 200-days by -25.41% in comparison to the 20-day moving average, which settled at $30.06. In addition, Clearfield Inc saw 24.24% 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 CLFD starting from Harding Roger G, who purchase 6,500 shares at the price of $29.47 back on Mar 05 ’24. After this action, Harding Roger G now owns 30,021 shares of Clearfield Inc, valued at $191,555 using the latest closing price.
Jones Walter Louis JR, the Director of Clearfield Inc, purchase 818 shares at $30.41 during a trade that took place back on Mar 04 ’24, which means that Jones Walter Louis JR is holding 4,737 shares at $24,875 based on the most recent closing price.
Stock Fundamentals for CLFD
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.21 for the gross margin
The net margin for Clearfield Inc stands at -0.02. The total capital return value is set at -0.04. Equity return is now at value -1.12, with -0.97 for asset returns.
Based on Clearfield Inc (CLFD), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 0.96. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 0.1.
Currently, EBITDA for the company is 43.34 million with net debt to EBITDA at 0.21. When we switch over and look at the enterprise to sales, we see a ratio of 2.91. The receivables turnover for the company is 8.32for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.76.
Conclusion
To wrap up, the performance of Clearfield Inc (CLFD) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
