Clearwater Analytics Holdings Inc (NYSE:CWAN) traded with a subtraction of -$0.08 to close at $19.56on Friday, a downside of -0.41 percent. An average of 723,339 shares of common stock have been traded in the last five days. There was a fall of -$0.11 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,046,940 shares traded, while the 50-day average volume stands at 794,842.
CWAN stock has increased by 8.31% in the last month. The company shares reached their 1-month lowest point of $17.70 on 08/30/23. With the stock rallying to its 52-week high on 09/25/23, shares of the company touched a low of $13.02 and a high of $20.15 in 52 weeks. It has reached a new high 9 times so far this year and achieved 4.32% or $0.81 in price. In spite of this, the price is down -2.93% from the 52-week high.
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Insider Transactions
CWAN stock investors should be aware that Clearwater Analytics Holdings Inc (CWAN) stock had its last reported insider trading activity 14 days ago on Sep 15. In this transaction, the insider spent $957,095. Chief Client Officer, Sethi Subi, disposed of 13,460 shares at a price of $19.29 on Sep 15. The insider now owns more than $259,616 worth of shares. Prior to that, Chief Financial Officer Cox James S went on to Sale 10,000 shares at $19.14 each on Sep 15. An amount of $191,412 was transacted.
Valuation Metrics
Clearwater Analytics Holdings Inc (CWAN) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 0.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.78, the price-to-book (PB) ratio at 12.77, and the price-to-cash flow ratio at 71.72.
Financial Health
The quick ratio of Clearwater Analytics Holdings Inc for the three months ended June 29 was 6.22, and the current ratio was 6.22, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.22 and a total debt to equity ratio of 0.25 for the quarter ending June 29. Its gross profit as reported stood at $215.64 million compared to revenue of $303.43 million.
Earnings Surprise
For the three-month period that ended June 29, Clearwater Analytics Holdings Inc had $47.16 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$10.92 million in the quarter, while revenues of -$4.38 million were grew 77.75%. The analyst consensus anticipated Clearwater Analytics Holdings Inc’s latest quarter earnings to come in at $0.07 per share, but it turned out to be $0.08, a 14.30% surprise. For the quarter, EBITDA amounted to -$3.5 million. Shareholders own equity worth $241.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Clearwater Analytics Holdings Inc (CWAN) price momentum. RSI 9-day as of the close on 28 September was 58.90%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.99%.
As of today, CWAN’s price is $19.66 -0.57% or -$0.11 from its 5-day moving average. CWAN is currently trading +7.76% higher than its 20-day SMA and +33.41% higher than its 100-day SMA. However, the stock’s current price level is +13.51% above the SMA50 and +6.70% above the SMA200.
The stochastic %K and %D were 69.05% and 69.55%, respectively, and the average true range (ATR) was 0.41. With the 14-day stochastic at 64.12% and the average true range at 0.41, the RSI (14) stands at 61.78%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at 0.25.
Analyst Ratings
Loop Capital upgraded Clearwater Analytics Holdings Inc (NYSE: CWAN) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Clearwater Analytics Holdings Inc (CWAN) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CWAN, while 3 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 CWAN’s price target for the next 12 months?
Analysts predict a range of price targets between $16.00 and $25.00, with a median target of $22.00. Taking a look at these predictions, the average price target given by analysts for Clearwater Analytics Holdings Inc (CWAN) stock is $22.00.
