What The Financials Tell Us About Clarivate Plc (CLVT)

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Clarivate Plc (NYSE:CLVT) finished Thursday with an addition of $0.07 to close at $10.56, an upside of 0.67 percent. An average of 12,096,000 shares of common stock have been traded in the last five days. There was a fall of -$0.35 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 6,961,955 shares traded, while the 50-day average volume stands at 5,819,456.

CLVT stock has decreased by -13.09% in the last month. The company shares reached their 1-month lowest point of $10.16 on 09/20/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $10.16 and a high of $25.63 in 52 weeks. It has reached a new high 1 time so far this year and lost -55.10% or -$12.96 in price. In spite of this, the price is down -58.80% from the 52-week high.


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Insider Transactions

130 days have passed since Clarivate Plc (CLVT) last reported insider trading activity. Samson James Gordon, who is Chief Product Officer, most recently acquired $50,000 shares at $14.25 per share on May 16. In this transaction, the insider spent $712,470. Chief Product Officer, Samson James Gordon, disposed of 58,000 shares at a price of $13.91 on May 11. The insider now owns more than $806,927 worth of shares. Prior to that, Chief Product Officer Samson James Gordon went on to Sale 16,000 shares at $14.13 each on Mar 14. An amount of $226,080 was transacted.

Valuation Metrics

Clarivate Plc (CLVT) stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.12, the price-to-book (PB) ratio at 0.74, and the price-to-cash flow ratio at 90.52.

Financial Health

The quick ratio of Clarivate Plc for the three months ended June 29 was 0.80, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.56 and a total debt to equity ratio of 0.57 for the quarter ending June 29. Its gross profit as reported stood at $1.25 billion compared to revenue of $1.88 billion.

Earnings Surprise

For the three-month period that ended June 29, Clarivate Plc had $5.42 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $43.7 million in the quarter, while revenues were grew 288.12%. The analyst consensus anticipated Clarivate Plc’s latest quarter earnings to come in at $0.2 per share, but it turned out to be $0.22, a 10.00% surprise. For the quarter, EBITDA amounted to $261.8 million. Shareholders own equity worth $673.49 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Clarivate Plc (CLVT) price momentum. RSI 9-day as of the close on 22 September was 27.64%, suggesting the stock is oversold, with historical volatility in this time frame at 30.35%.

As of today, CLVT’s price is $10.51 -3.21% or -$0.35 from its 5-day moving average. CLVT is currently trading -13.80% lower than its 20-day SMA and -32.65% lower than its 100-day SMA. However, the stock’s current price level is -21.95% below the SMA50 and -55.87% below the SMA200.

The stochastic %K and %D were 13.77% and 10.15%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 17.39% and the average true range at 0.46, the RSI (14) stands at 30.55%. The stock has reached -0.52 on the 9-day MACD Oscillator while the 14-day reading was at -0.87.

Analyst Ratings

Wells Fargo launched coverage on Clarivate Plc (NYSE: CLVT) in its analyst report released on July 13, 2022. The firm assigned the stock an Overweight rating. The consensus rating for Clarivate Plc (CLVT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CLVT, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.

What is CLVT’s price target for the next 12 months?

Analysts predict a range of price targets between $14.00 and $18.00, with a median target of $16.00. Taking a look at these predictions, the average price target given by analysts for Clarivate Plc (CLVT) stock is $15.81.

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