Clever Leaves Holdings Inc. (NASDAQ:CLVR) traded with a subtraction of -$0.03 to $0.18 on Thursday, a downside of -14.35 percent. An average of 176,106 shares of common stock have been traded in the last five days. There was a fall of -$0.0547 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 202,202 shares traded, while the 50-day average volume stands at 211,581.
CLVR stock has decreased by -15.15% in the last month. The company shares reached their 1-month lowest point of $0.1800 on 08/24/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $0.15 and a high of $0.89 in 52 weeks. It has reached a new high 12 times so far this year and lost -40.33% or -$0.1268 in price. In spite of this, the price is down -79.33% from the 52-week high.
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Insider Transactions
CLVR stock investors should be aware that Clever Leaves Holdings Inc. (CLVR) stock had its last reported insider trading activity 37 days ago on Jul 18. In this transaction, the insider spent $632. Chief Financial Officer, Hague Henry R III, disposed of 1,560 shares at a price of $0.22 on Jul 18. The insider now owns more than $336 worth of shares. Prior to that, Chief Regulatory Officer Wilches Julian went on to Sale 813 shares at $0.22 each on Jul 18. An amount of $175 was transacted.
Valuation Metrics
Clever Leaves Holdings Inc. (CLVRstock’s beta is 2.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.49.
Financial Health
The quick ratio of Clever Leaves Holdings Inc. for the three months ended June 29 was 1.40, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Clever Leaves Holdings Inc.’s EBITDA margin for the year ending June 29 is -142.48%. Its gross profit as reported stood at $4.33 million compared to revenue of $17.8 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$3.6 million in the quarter, while revenues were grew 70.83%. The analyst consensus anticipated Clever Leaves Holdings Inc.’s latest quarter earnings to come in at -$0.09 per share, but it turned out to be -$0.08, a 11.10% surprise. For the quarter, EBITDA amounted to -$2.56 million. Shareholders own equity worth $45.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Clever Leaves Holdings Inc. (CLVR) price momentum. RSI 9-day as of the close on 23 August was 26.21%, suggesting the stock is oversold, with historical volatility in this time frame at 106.30%.
As of today, CLVR’s price is $0.2170 -23.29% or -$0.0547 from its 5-day moving average. CLVR is currently trading -15.79% lower than its 20-day SMA and -52.81% lower than its 100-day SMA. However, the stock’s current price level is -27.19% below the SMA50 and -64.67% below the SMA200.
The stochastic %K and %D were 21.74% and 37.26%, respectively, and the average true range (ATR) was 0.0239. With the 14-day stochastic at 0.22% and the average true range at 0.0223, the RSI (14) stands at 32.55%. The stock has reached -0.0198 on the 9-day MACD Oscillator while the 14-day reading was at -0.0123.
Analyst Ratings
Canaccord Genuity launched coverage on Clever Leaves Holdings Inc. (NASDAQ: CLVR) in its analyst report released on July 27, 2021. The firm assigned the stock a Buy rating. The consensus rating for Clever Leaves Holdings Inc. (CLVR) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CLVR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is CLVR’s price target for the next 12 months?
Analysts predict a range of price targets between $0.80 and $0.80, with a median target of $0.80. Taking a look at these predictions, the average price target given by analysts for Clever Leaves Holdings Inc. (CLVR) stock is $0.80.
