Currently, there are 691.40M common shares owned by the public and among those 402.72M shares have been available to trade.
The company’s stock has a 5-day price change of -7.45% and -12.18% over the past three months. CLVT shares are trading -12.01% year to date (YTD), with the 12-month market performance down to -50.11% lower. It has a 12-month low price of $4.22 and touched a high of $9.02 over the same period. CLVT has an average intraday trading volume of 5.29 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.87%, -12.62%, and -23.56% respectively.
Institutional ownership of Clarivate Plc (NYSE: CLVT) shares accounts for 65.26% of the company’s 691.40M shares outstanding.
It has a market capitalization of $3.09B and a beta (3y monthly) value of 1.27. The earnings-per-share (ttm) stands at -$0.97. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.06% over the week and 5.05% over the month.
Analysts forecast that Clarivate Plc (CLVT) will achieve an EPS of 0.12 for the current quarter, 0.18 for the next quarter and 0.69 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.1 while analysts give the company a high EPS estimate of 0.1. Comparatively, EPS for the current quarter was 0.14 a year ago. Earnings per share for the fiscal year are expected to decrease by -11.22%, and 7.41% over the next financial year. EPS should grow at an annualized rate of 2.28% over the next five years, compared to -0.40% over the past 5-year period.
Wells Fargo coverage for the Clarivate Plc (CLVT) stock in a research note released on December 15, 2023 offered a Underweight rating with a price target of $8. Jefferies was of a view on October 16, 2023 that the stock is Buy, while Barclays gave the stock Underweight rating on September 08, 2023, issuing a price target of $8- $7. RBC Capital Mkts on their part issued Sector Perform rating on August 25, 2023.
