Clear Secure Inc (NYSE: YOU)’s stock price has plunge by -1.15relation to previous closing price of 27.85. Nevertheless, the company has seen a -25.05% plunge in its stock price over the last five trading sessions. accesswire.com reported 2024-11-11 that NEW YORK, NY / ACCESSWIRE / November 11, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Clear Secure, Inc. (“Clear Secure, Inc.”) (NYSE:YOU) concerning possible violations of federal securities laws. On November 7, 2024, Clear published its third quarter results, reporting a slowdown in new users of its annual membership service.
Is It Worth Investing in Clear Secure Inc (NYSE: YOU) Right Now?
The price-to-earnings ratio for Clear Secure Inc (NYSE: YOU) is 32.05x, which is above its average ratio. Moreover, the 36-month beta value for YOU is 1.48. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for YOU is 76.54M and currently, short sellers hold a 22.42% of that float. On November 13, 2024, YOU’s average trading volume was 2.31M shares.
YOU’s Market Performance
YOU stock saw a decrease of -25.05% in the past week, with a monthly decline of -21.14% and a quarterly a decrease of 0.88%. The volatility ratio for the week is 5.01%, and the volatility levels for the last 30 days are 4.18% for Clear Secure Inc (YOU). The simple moving average for the past 20 days is -20.93% for YOU’s stock, with a 18.36% simple moving average for the past 200 days.
Analysts’ Opinion of YOU
Many brokerage firms have already submitted their reports for YOU stocks, with Needham repeating the rating for YOU by listing it as a “Buy.” The predicted price for YOU in the upcoming period, according to Needham is $45 based on the research report published on October 17, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see YOU reach a price target of $20. The rating they have provided for YOU stocks is “Underweight” according to the report published on December 20th, 2023.
Goldman gave a rating of “Buy” to YOU, setting the target price at $24 in the report published on October 17th of the previous year.
YOU Trading at -16.56% from the 50-Day Moving Average
After a stumble in the market that brought YOU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.19% of loss for the given period.
Volatility was left at 4.18%, however, over the last 30 days, the volatility rate increased by 5.01%, as shares sank -22.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.87% lower at present.
During the last 5 trading sessions, YOU fell by -25.05%, which changed the moving average for the period of 200-days by +35.02% in comparison to the 20-day moving average, which settled at $34.82. In addition, Clear Secure Inc saw 35.37% 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 YOU starting from Alclear Investments II, LLC, who sale 150,000 shares at the price of $34.08 back on Oct 11 ’24. After this action, Alclear Investments II, LLC now owns 0 shares of Clear Secure Inc, valued at $5,112,000 using the latest closing price.
Cornick Kenneth L., the President & CFO of Clear Secure Inc, sale 150,000 shares at $34.08 during a trade that took place back on Oct 11 ’24, which means that Cornick Kenneth L. is holding 0 shares at $5,112,000 based on the most recent closing price.
Stock Fundamentals for YOU
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.68 for the gross margin
The net margin for Clear Secure Inc stands at 0.14. The total capital return value is set at 0.35. Equity return is now at value 39.70, with 8.37 for asset returns.
Currently, EBITDA for the company is 41.79 million with net debt to EBITDA at -0.24. When we switch over and look at the enterprise to sales, we see a ratio of 3.41. The receivables turnover for the company is 1150.52for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
To wrap up, the performance of Clear Secure Inc (YOU) has been mixed 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.
