The stock of Clarivate Plc (CLVT) has gone down by -3.98% for the week, with a 20.56% rise in the past month and a -18.30% drop in the past quarter. The volatility ratio for the week is 3.81%, and the volatility levels for the past 30 days are 4.26% for CLVT. The simple moving average for the past 20 days is -0.28% for CLVT’s stock, with a -14.18% simple moving average for the past 200 days.
Is It Worth Investing in Clarivate Plc (NYSE: CLVT) Right Now?
The 36-month beta value for CLVT is at 1.14. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for CLVT is 494.60M, and currently, shorts hold a 8.41% of that float. The average trading volume for CLVT on December 16, 2024 was 5.23M shares.
CLVT) stock’s latest price update
Clarivate Plc (NYSE: CLVT)’s stock price has gone rise by 6.16 in comparison to its previous close of 5.11, however, the company has experienced a -3.98% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-12-16 that LONDON, Dec. 16, 2024 /PRNewswire/ — Clarivate Plc (NYSE:CLVT) (the “Company” or “Clarivate”), a leading global provider of transformative intelligence, today announced that its Board of Directors (the “Board”) authorized a new share repurchase program of up to $500 million of the Company’s outstanding ordinary shares through open-market purchases for a period of two years, from January 1, 2025 through December 31, 2026. The new share repurchase program replaces the current share repurchase program which terminates December 31, 2024, under which the Company repurchased $300 million of ordinary shares, including $200 million during the third and fourth quarters of 2024.
Analysts’ Opinion of CLVT
Wells Fargo, on the other hand, stated in their research note that they expect to see CLVT reach a price target of $8. The rating they have provided for CLVT stocks is “Underweight” according to the report published on December 15th, 2023.
Jefferies gave a rating of “Buy” to CLVT, setting the target price at $8.50 in the report published on October 16th of the previous year.
CLVT Trading at -6.87% 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 -43.52% of loss for the given period.
Volatility was left at 4.26%, however, over the last 30 days, the volatility rate increased by 3.81%, as shares surge +26.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.87% lower at present.
During the last 5 trading sessions, CLVT fell by -3.19%, which changed the moving average for the period of 200-days by -23.39% in comparison to the 20-day moving average, which settled at $5.44. In addition, Clarivate Plc saw -41.41% 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 Angelakis Michael J, who purchase 1,500,000 shares at the price of $5.11 back on Nov 20 ’24. After this action, Angelakis Michael J now owns 1,500,000 shares of Clarivate Plc, valued at $7,665,000 using the latest closing price.
Angelakis Michael J, the Director of Clarivate Plc, purchase 1,200,000 shares at $5.19 during a trade that took place back on Nov 21 ’24, which means that Angelakis Michael J is holding 2,700,000 shares at $6,228,000 based on the most recent closing price.
Stock Fundamentals for CLVT
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.52 for the gross margin
The net margin for Clarivate Plc stands at -0.5. The total capital return value is set at 0.02. Equity return is now at value -21.14, with -10.13 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 0.15. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 0.64.
Currently, EBITDA for the company is -85.9 million with net debt to EBITDA at -16.58. When we switch over and look at the enterprise to sales, we see a ratio of 3.17. The receivables turnover for the company is 3.34for 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 0.88.
Conclusion
In conclusion, Clarivate Plc (CLVT) has had a bad 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.
