Clarivate Plc (CLVT) concluded trading on Thursday at a closing price of $6.88, with 2.88 million shares of worth about $19.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.77% during that period and on September 26, 2024 the price saw a gain of about 2.99%. Currently the company’s common shares owned by public are about 666.10M shares, out of which, 424.56M shares are available for trading.
Stock saw a price change of -1.29% in past 5 days and over the past one month there was a price change of 2.69%. Year-to-date (YTD), CLVT shares are showing a performance of -25.70% which decreased to -2.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.97 but also hit the highest price of $9.60 during that period. The average intraday trading volume for Clarivate Plc shares is 4.18 million. The stock is currently trading 2.85% above its 20-day simple moving average (SMA20), while that difference is up 5.88% for SMA50 and it goes to -3.80% lower than SMA200.
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Clarivate Plc (NYSE: CLVT) currently have 666.10M outstanding shares and institutions hold larger chunk of about 61.58% of that.
The stock has a current market capitalization of $4.98B and its 3Y-monthly beta is at 1.17. It has posted earnings per share of -$1.91 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 0.84. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CLVT, volatility over the week remained 3.30% while standing at 3.42% over the month.
Stock’s fiscal year EPS is expected to drop by -9.30% while it is estimated to increase by 6.55% in next year. EPS is likely to shrink at an annualized rate of 1.30% for next 5-years, compared to annual growth of 60.20% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on December 15, 2023 offering an Underweight rating for the stock and assigned a target price of $8 to it. Coverage by Jefferies stated Clarivate Plc (CLVT) stock as a Buy in their note to investors on October 16, 2023, suggesting a price target of $8.50 for the stock. On September 08, 2023, Barclays Downgrade their recommendations, while on August 25, 2023, RBC Capital Mkts Downgrade their ratings for the stock with a price target of $8. Stock get an Underperform rating from BofA Securities on August 07, 2023.
