The stock of Clarivate Plc (NYSE:CLVT) increased by $0.06 on Monday to finish at $7.20, up 0.84 percent. The last five days have seen an average of 4,954,400 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$1.14. The average number of shares traded over the last 20 days was 9,986,695, while the average volume over the last 50 days totaled 6,172,252.
CLVT stock dropped -23.89% since last month. On 08/08/23, the company’s shares reached a one-month low of $6.41. The stock touched a high of $12.60 on 03/01/23, after rallying from a low of $6.41 in 52 weeks. The price of CLVT stock has declined by -13.67% or -$1.14 this year, reaching a new high 16 times. Still, the stock price is down -42.86% from the 52-week high.
Insider Transactions
CLVT stock investors should be aware that Clarivate Plc (CLVT) stock had its last reported insider trading activity 287 days ago on Nov 15. On Nov 15, Chief Product Officer Samson James Gordon sold 100,000 shares at $10.48 each. This transaction resulted in the insider making $1,048,110. On Sep 15, Snyder Andrew Miles added 51,063 shares at a price of US$11.58. After the transaction, the insider now owns 259,396 shares. Director Snyder Andrew Miles had earlier bought 208,333 shares on Sep 14 for $11.61 a share. The transaction was completed for $2,418,746.
Valuation Metrics
Beta for the stock is 1.18. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.86, the price-to-book (PB) ratio of 0.88, and the price-to-cash flow ratio of 10.02.
Financial Health
For the three months ended June 29, Clarivate Plc’s quick ratio was 0.90, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.88, and the total debt to equity ratio is 0.88. As far as profitability goes, gross margin for the trailing twelve months is 64.90% percent. Based on annual data, it had gross profit of $1.71 billion and revenue of $2.66 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CLVT’s return on assets (ROA) during the last 12 months has been -30.70%. There was a -35.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -80.10%.
Earnings Surprise
According to Clarivate Plc’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $668.8 million, while revenues fell by -2.66% to $629.1 million. It was predicted that Clarivate Plc’s quarterly earnings would be $0.21, but it ended up being $0.2, beating the consensus by 5.00%. EBITDA was $89.8 million for the quarter. At the end of Clarivate Plc’s most recent quarter ended June 29, its liabilities totaled 6.77 billion, while its total debt was $4.95 billion. Equity owned by shareholders amounts to $676.23 million.
Technical Picture
Here’s a quick look at Clarivate Plc’s (CLVT) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 41.05%, suggesting the stock is Neutral, with a 16.47% historical volatility rate.
The stochastic %K and %D were 71.08% and 68.05% respectively, while the average true range (ATR) was 0.27. Based on the 14-day stochastic reading of 74.01%, the RSI (14) reading is 37.22%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at 0.03.
Analyst Ratings
Clarivate Plc (NYSE: CLVT) was downgraded by RBC Capital Mkts to a a Sector perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Clarivate Plc (CLVT) an Overweight rating. CLVT is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is CLVT’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $11.00, with a median target price of $9.00. In analyzing these forecasts, the average price target given by analysts for Clarivate Plc (CLVT) is $8.94.
