Tuesday, January 19, 2021

Clovis Oncology Inc. [CLVS] Stock trading around $5.62 per share: What’s Next?

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Clovis Oncology Inc. [NASDAQ: CLVS] stock went on an upward path that rose over 11.29% on Monday, amounting to a one-week price increase of more than 16.84%. The company report on January 11, 2021 that Clovis Oncology Announces Preliminary Product Revenues for the Fourth Quarter and Full Year 2020.

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Estimated $43.0M – $43.5M in Rubraca® (rucaparib) global sales for Q4 2020 and $164.2M – $164.7M for FY 2020.


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Q4/FY 2020 Operating Results call planned for February 23, 2021.

Over the last 12 months, CLVS stock dropped by -38.85%. The one-year Clovis Oncology Inc. stock forecast points to a potential upside of 23.33. The average equity rating for CLVS stock is currently 3.30, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $489.45 million, with 88.26 million shares outstanding and 86.48 million shares in the current float. Compared to the average trading volume of 4.77M shares, CLVS stock reached a trading volume of 9806738 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Clovis Oncology Inc. [CLVS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLVS shares is $7.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLVS stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

H.C. Wainwright have made an estimate for Clovis Oncology Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 18, 2020. The new note on the price target was released on April 27, 2020, representing the official price target for Clovis Oncology Inc. stock. Previously, the target price had yet another raise to $6, while BofA/Merrill analysts kept a Underperform rating on CLVS stock. On January 08, 2020, analysts decreased their price target for CLVS shares from 36 to 27.

The Average True Range (ATR) for Clovis Oncology Inc. is set at 0.35, with the Price to Sales ratio for CLVS stock in the period of the last 12 months amounting to 3.05.

CLVS Stock Performance Analysis:

Clovis Oncology Inc. [CLVS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.84. With this latest performance, CLVS shares gained by 14.93% in over the last four-week period, additionally sinking by -11.77% over the last 6 months – not to mention a drop of -38.85% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLVS stock in for the last two-week period is set at 64.31, with the RSI for the last a single of trading hit 71.91, and the three-weeks RSI is set at 59.50 for Clovis Oncology Inc. [CLVS]. The present Moving Average for the last 50 days of trading for this stock 4.79, while it was recorded at 5.05 for the last single week of trading, and 6.17 for the last 200 days.

Insight into Clovis Oncology Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Clovis Oncology Inc. [CLVS] shares currently have an operating margin of -256.85 and a Gross Margin at +75.75. Clovis Oncology Inc.’s Net Margin is presently recorded at -280.01.

Return on Total Capital for CLVS is now -58.15, given the latest momentum, and Return on Invested Capital for the company is -63.72. Additionally, CLVS Total Debt to Total Capital is recorded at 132.25, with Total Debt to Total Assets ending up at 106.72.

Reflecting on the efficiency of the workforce at the company, Clovis Oncology Inc. [CLVS] managed to generate an average of -$827,322 per employee. Receivables Turnover for the company is 5.74 with a Total Asset Turnover recorded at a value of 0.19.Clovis Oncology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.30.

CLVS Stock EPS

With the latest financial reports released by the company, Clovis Oncology Inc. posted -1.81/share EPS, while the average EPS was predicted by analysts to be reported at -1.71/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLVS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Clovis Oncology Inc. go to 78.90%.

Clovis Oncology Inc. [CLVS] Insider Position Details

There are presently around $292 million, or 61.50% of CLVS stock, in the hands of institutional investors. The top three institutional holders of CLVS stocks are: STATE STREET CORP with ownership of 9,646,730, which is approximately 4.416% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 6,182,479 shares of the stock with an approximate value of $34.75 million in CLVS stocks shares; and BLACKROCK INC., currently with $33.47 million in CLVS stock with ownership of nearly 5.904% of the company’s market capitalization.

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Positions in Clovis Oncology Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 89 institutional holders increased their position in Clovis Oncology Inc. [NASDAQ:CLVS] by around 8,751,807 shares. Additionally, 64 investors decreased positions by around 3,189,194 shares, while 38 investors held positions by with 39,995,921 shares. The mentioned changes placed institutional holdings at 51,936,922 shares, according to the latest SEC report filing. CLVS stock had 32 new institutional investments in for a total of 3,443,750 shares, while 22 institutional investors sold positions of 730,357 shares during the same period.

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