Clarivate Plc [NYSE: CLVT] loss -2.17% or -0.16 points to close at $7.21 with a heavy trading volume of 4295632 shares. The company report on August 30, 2023 at 3:00 AM that Clarivate Annual G20 Scorecard Analyzes Global Research Performance Trends Across G20 Nations.
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Clarivate Plc (NYSE:CLVT), a global leader in connecting people and organizations to intelligence they can trust to transform their world, today released its annual G20 scorecard, which for the first time examines the research performance of each G20 member through dynamic, interactive data visualizations. It offers a detailed and insightful overview of research trends, collaboration patterns and scientific impact, showcasing the contributions of the 19 G20 member nations* to the global research landscape.
It opened the trading session at $7.35, the shares rose to $7.36 and dropped to $7.175, the range by which the price of stock traded the whole day. The daily chart for CLVT points out that the company has recorded -33.55% loss over the past six months. However, it is still -12.48% lower than its most recent low trading price.
If we look at the average trading volume of 6.00M shares, CLVT reached to a volume of 4295632 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $9.05 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 2.30. 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.
RBC Capital Mkts have made an estimate for Clarivate Plc shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on August 25, 2023.
The Average True Range (ATR) for Clarivate Plc is set at 0.27, with the Price to Sales ratio for CLVT stock in the period of the last 12 months amounting to 1.90. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 0.63. Price to Free Cash Flow for CLVT in the course of the last twelve months was 10.29 with Quick ratio for the last quarter at 0.90.
Trading performance analysis for CLVT stock
Clarivate Plc [CLVT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.83. With this latest performance, CLVT shares gained by 7.29% in over the last four-week period, additionally sinking by -33.55% over the last 6 months – not to mention a drop of -37.30% 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 40.12, with the RSI for the last a single of trading hit 42.97, and the three-weeks RSI is set at 39.57 for Clarivate Plc [CLVT]. The present Moving Average for the last 50 days of trading for this stock 8.37, while it was recorded at 7.31 for the last single week of trading, and 9.07 for the last 200 days.
Clarivate Plc [CLVT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Clarivate Plc [CLVT] shares currently have an operating margin of +9.98 and a Gross Margin at +37.42. Clarivate Plc’s Net Margin is presently recorded at -148.89.
Return on Total Capital for CLVT is now 1.80, given the latest momentum, and Return on Invested Capital for the company is -26.97. Return on Equity for this stock declined to -42.27, with Return on Assets sitting at -23.21. When it comes to the capital structure of this company, Clarivate Plc [CLVT] has a Total Debt to Total Equity ratio set at 74.93. Additionally, CLVT Total Debt to Total Capital is recorded at 42.83, with Total Debt to Total Assets ending up at 36.61. Long-Term Debt to Equity for the company is recorded at 93.69, with the Long-Term Debt to Total Capital now at 42.61.
Reflecting on the efficiency of the workforce at the company, Clarivate Plc [CLVT] managed to generate an average of -$341,397 per employee. Receivables Turnover for the company is 2.99 with a Total Asset Turnover recorded at a value of 0.16.Clarivate Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.
Clarivate Plc [CLVT]: An earnings per share (EPS) analysis
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 6.00%.
An analysis of Institutional ownership at Clarivate Plc [CLVT]
The top three institutional holders of CLVT stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in CLVT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in CLVT stock with ownership which is approximately 5.7381%.
