Moreover, the 36-month beta value for CLVT is 1.17. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 2 as “sell.”
The public float for CLVT is 424.60M and currently, short sellers hold a 7.71% of that float. On October 22, 2024, CLVT’s average trading volume was 4.06M shares.
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CLVT) stock’s latest price update
Clarivate Plc (NYSE: CLVT) has seen a decline in its stock price by -0.90 in relation to its previous close of 6.70. However, the company has experienced a -2.78% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-16 that LONDON, Oct. 16, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, announced today it will report its financial results for the third quarter 2024 before the market opens on Wednesday, November 6, 2024. The press release and earnings supplement, with accompanying financial information, will be available on the Clarivate investor website at https://ir.clarivate.com.
CLVT’s Market Performance
Clarivate Plc (CLVT) has experienced a -2.78% fall in stock performance for the past week, with a -4.32% drop in the past month, and a -0.75% drop in the past quarter. The volatility ratio for the week is 2.81%, and the volatility levels for the past 30 days are at 3.40% for CLVT. The simple moving average for the past 20 days is -1.46% for CLVT’s stock, with a -4.66% simple moving average for the past 200 days.
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 0.15% 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 -30.87% of loss for the given period.
Volatility was left at 3.40%, however, over the last 30 days, the volatility rate increased by 2.81%, as shares sank -2.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.70% upper at present.
During the last 5 trading sessions, CLVT fell by -2.78%, which changed the moving average for the period of 200-days by -25.06% in comparison to the 20-day moving average, which settled at $6.74. In addition, Clarivate Plc saw -28.29% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLVT starting from Veinstein Bar, who sale 60,000 shares at the price of $7.00 back on Oct 15 ’24. After this action, Veinstein Bar now owns 916,583 shares of Clarivate Plc, valued at $420,000 using the latest closing price.
BAR VEINSTEIN, the Officer of Clarivate Plc, proposed sale 60,000 shares at $7.00 during a trade that took place back on Oct 15 ’24, which means that BAR VEINSTEIN is holding shares at $420,000 based on the most recent closing price.
Stock Fundamentals for CLVT
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.52 for the gross margin
The net margin for Clarivate Plc stands at -0.47. The total capital return value is set at 0.02. Equity return is now at value -19.31, with -9.39 for asset returns.
Based on Clarivate Plc (CLVT), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 0.87.
Currently, EBITDA for the company is 982.7 million with net debt to EBITDA at 4.43. When we switch over and look at the enterprise to sales, we see a ratio of 3.52. The receivables turnover for the company is 3.27for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
To wrap up, the performance of Clarivate Plc (CLVT) has been bad in recent times. The stock has received a mixed 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.
