Clarivate Plc [NYSE: CLVT] traded at a low on 02/23/23, posting a -0.10 loss after which it closed the day’ session at $10.24. The company report on February 23, 2023 that Clarivate Announces Details of its Investor Day on March 9, 2023.
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—Clarivate will ring the opening bell at the New York Stock Exchange on March 6 —.
Clarivate Plc (NYSE:CLVT), a global leader in connecting people and organizations to intelligence they can trust, announced today details for its upcoming Investor Day conference on Thursday, March 9, 2023 in New York. Due to limited capacity, in-person attendance is by invitation only. The event will also be available via a live video stream.
The results of the trading session contributed to over 4320549 shares changing hands. Over the past one week, the price volatility of Clarivate Plc stands at 2.86% while the volatility over the past one month is 2.86%.
The market cap for CLVT stock reached $7.00 billion, with 673.55 million shares outstanding and 555.44 million shares in the current float. Compared to the average trading volume of 6.79M shares, CLVT reached a trading volume of 4320549 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Clarivate Plc [CLVT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLVT shares is $12.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLVT stock is a recommendation set at 2.00. 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.
Morgan Stanley have made an estimate for Clarivate Plc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on February 06, 2023. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Overweight. The new note on the price target was released on July 13, 2022, representing the official price target for Clarivate Plc stock. Previously, the target price had yet another drop from $35 to $16, while Citigroup kept a Neutral rating on CLVT stock.
The Average True Range (ATR) for Clarivate Plc is set at 0.34, with the Price to Sales ratio for CLVT stock in the period of the last 12 months amounting to 2.75. The Price to Book ratio for the last quarter was 1.47, with the Price to Cash per share for the same quarter was set at 0.65. Price to Free Cash Flow for CLVT in the course of the last twelve months was 34.67 with Quick ratio for the last quarter at 0.90.
How has CLVT stock performed recently?
Clarivate Plc [CLVT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.24. With this latest performance, CLVT shares dropped by -5.36% in over the last four-week period, additionally sinking by -15.72% over the last 6 months – not to mention a drop of -33.55% 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 CLVT stock in for the last two-week period is set at 42.48, with the RSI for the last a single of trading hit 33.13, and the three-weeks RSI is set at 47.42 for Clarivate Plc [CLVT]. The present Moving Average for the last 50 days of trading for this stock 9.91, while it was recorded at 10.49 for the last single week of trading, and 11.51 for the last 200 days.
Clarivate Plc [CLVT]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Clarivate Plc [CLVT] shares currently have an operating margin of +2.39 and a Gross Margin at +37.99. Clarivate Plc’s Net Margin is presently recorded at -14.41.
Return on Equity for this stock declined to -2.58, with Return on Assets sitting at -1.55.
Clarivate Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.
Earnings analysis for Clarivate Plc [CLVT]
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 CLVT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Clarivate Plc go to 9.40%.
Insider trade positions for Clarivate Plc [CLVT]
There are presently around $5,868 million, or 93.60% of CLVT stock, in the hands of institutional investors. The top three institutional holders of CLVT stocks are: LEONARD GREEN & PARTNERS, L.P. with ownership of 116,666,507, which is approximately 0% of the company’s market cap and around 0.70% of the total institutional ownership; CLARKSTON CAPITAL PARTNERS, LLC, holding 48,465,749 shares of the stock with an approximate value of $496.29 million in CLVT stocks shares; and GENERATION INVESTMENT MANAGEMENT LLP, currently with $466.96 million in CLVT stock with ownership of nearly -1.031% of the company’s market capitalization.
Positions in Clarivate Plc stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 185 institutional holders increased their position in Clarivate Plc [NYSE:CLVT] by around 104,836,133 shares. Additionally, 128 investors decreased positions by around 89,463,647 shares, while 29 investors held positions by with 378,728,537 shares. The mentioned changes placed institutional holdings at 573,028,317 shares, according to the latest SEC report filing. CLVT stock had 59 new institutional investments in for a total of 34,952,368 shares, while 47 institutional investors sold positions of 6,235,102 shares during the same period.