Clarivate Plc (CLVT): What is the Risk Factor?

Clarivate Plc (NYSE:CLVT) saw an upside of 0.85% to close Monday at $7.15 after adding $0.06 on the day. The 5-day average trading volume is 7,085,320 shares of the company’s common stock. It has gained $7.26 in the past week and touched a new high 3 times within the past 5 days. An average of 9,597,385 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,204,698.

CLVT’s 1-month performance is -25.60% or -$2.46 on its low of $6.41 reached on 08/08/23. The company’s shares have touched a 52-week low of $6.41 and high of $12.89, with the stock’s rally to the 52-week high happening on 03/01/23. YTD, CLVT has lost -14.27% or -$1.19 and has reached a new high 16 times. However, the current price is down -44.53% from the 52-week high price.

Top 5 AI Stocks to Buy for 2023

The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything. According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.

Click Here to Download the FREE Report.

Sponsored

Insider Transactions

CLVT stock investors last saw insider trading activity on Nov 15.Samson James Gordon (Chief Product Officer) most recently sold 100,000 shares at $10.48 per share on Nov 15. This transaction cost the insider $1,048,110.

Valuation Metrics

CLVT stock has a beta of 1.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.85 while the price-to-book (PB) in the most recent quarter is 0.87, with the price to cash flow ratio at 10.00.

Clarivate Plc’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.88, while the total debt to equity was 0.88. In terms of profitability, the gross margin trailing 12 months is 64.90%. The trailing 12-month EBITDA margin is 36.69%. The firm’s gross profit as reported stood at $1.71 billion against revenue of $2.66 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 135.85% to -$141.7 million, while revenue of $24.7 million was 117.43% off the previous quarter. Analysts expected CLVT to announce $0.2 per share in earnings in its latest quarter, but it posted $0.21, representing a 5.00% surprise. EBITDA for the quarter stood at more than $89.8 million. CLVT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.77 billion, with total debt at $4.95 billion. Shareholders hold equity totaling $676.23 million.

Let’s look briefly at Clarivate Plc (CLVT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 33.22% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.89%.

The stock’s 5-day moving average is $7.09, reflecting a -1.11% or -$0.08 change from its current price. CLVT is currently trading -24.74% above its 20-day SMA, -21.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.78% and SMA200 by-31.51%.

Stochastic %K and %D was 23.35% and 21.97% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 32.56%, while the 14-day stochastic is at 26.48% with the period’s ATR at 0.33. The stock’s 9-day MACD Oscillator is pointing at 0.01 and -0.03 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Clarivate Plc (NYSE: CLVT), BofA Securities downgraded it to an Underperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for CLVT stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CLVT as a “sell,”, while 3 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $6.00 and a high of $11.00, with their median price target at $9.00. Looking at these predictions, the average price target given by analysts is for Clarivate Plc (CLVT) stock is $9.06.

Most Popular

Related Posts