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Is It Worth Investing in Clever Leaves Holdings Inc (NASDAQ: CLVR) Right Now?
The 36-month beta value for CLVR is at 1.83. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CLVR is 39.32M, and currently, shorts hold a 0.03% of that float. The average trading volume for CLVR on May 09, 2024 was 46.58K shares.
CLVR’s Market Performance
CLVR’s stock has seen a 70.72% increase for the week, with a -45.30% drop in the past month and a -16.51% fall in the past quarter. The volatility ratio for the week is 19.13%, and the volatility levels for the past 30 days are at 12.88% for Clever Leaves Holdings Inc The simple moving average for the past 20 days is -22.21% for CLVR’s stock, with a -25.74% simple moving average for the past 200 days.
Analysts’ Opinion of CLVR
Many brokerage firms have already submitted their reports for CLVR stocks, with Canaccord Genuity repeating the rating for CLVR by listing it as a “Buy.” The predicted price for CLVR in the upcoming period, according to Canaccord Genuity is $13 based on the research report published on July 27, 2021 of the previous year 2021.
CLVR Trading at -32.05% from the 50-Day Moving Average
After a stumble in the market that brought CLVR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -68.69% of loss for the given period.
Volatility was left at 12.88%, however, over the last 30 days, the volatility rate increased by 19.13%, as shares sank -46.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.09% lower at present.
During the last 5 trading sessions, CLVR rose by +70.72%, which changed the moving average for the period of 200-days by -56.17% in comparison to the 20-day moving average, which settled at $3.27. In addition, Clever Leaves Holdings Inc saw 25.57% 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 CLVR starting from Hague Henry R III, who sale 170 shares at the price of $3.31 back on Mar 08 ’24. After this action, Hague Henry R III now owns 11,951 shares of Clever Leaves Holdings Inc, valued at $563 using the latest closing price.
Hague Henry R III, the Chief Financial Officer of Clever Leaves Holdings Inc, sale 411 shares at $3.95 during a trade that took place back on Feb 27 ’24, which means that Hague Henry R III is holding 12,121 shares at $1,623 based on the most recent closing price.
Stock Fundamentals for CLVR
Current profitability levels for the company are sitting at:
- -0.9 for the present operating margin
- 0.36 for the gross margin
The net margin for Clever Leaves Holdings Inc stands at -0.86. The total capital return value is set at -0.61. Equity return is now at value -61.27, with -47.51 for asset returns.
Based on Clever Leaves Holdings Inc (CLVR), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -7.17. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is -339.0.
Currently, EBITDA for the company is -12.75 million with net debt to EBITDA at 0.28. When we switch over and look at the enterprise to sales, we see a ratio of -0.01. The receivables turnover for the company is 8.38for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.40.
Conclusion
In conclusion, Clever Leaves Holdings Inc (CLVR) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
