Clarivate Plc [CLVT] moved up 3.58: Why It’s Important

Clarivate Plc [NYSE: CLVT] gained 3.58% or 0.32 points to close at $9.26 with a heavy trading volume of 4398430 shares. The company report on February 12, 2024 at 3:00 AM that Clarivate Partners with the Financial Times to Power its Business School Rankings.

Clarivate Plc (NYSE:CLVT), a global provider of transformative intelligence, has partnered with the Financial Times (FT) for the sixth consecutive year to provide it with trusted high-quality data for three of its business school rankings, including the Global MBA Rankings launched today.

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The FT is one of the world’s leading business news organizations, recognized internationally for its authority, integrity and accuracy. Its annual business school rankings provide valuable insights for prospective students seeking a high-quality business education. The rankings show how institutions have performed and progressed in the past year, influencing institutional strategy including talent acquisition. The rankings include the Global MBA Rankings, published today, and the Online MBA and Executive MBA rankings which will follow in March and October, respectively.

The daily chart for CLVT points out that the company has recorded 30.98% gains over the past six months.

If we look at the average trading volume of 4.98M shares, CLVT reached to a volume of 4398430 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 $9.04 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 2.50. 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.

Wells Fargo have made an estimate for Clarivate Plc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on December 15, 2023.

The Average True Range (ATR) for Clarivate Plc is set at 0.29, with the Price to Sales ratio for CLVT stock in the period of the last 12 months amounting to 2.35. The Price to Book ratio for the last quarter was 1.16, with the Price to Cash per share for the same quarter was set at 0.61. Price to Free Cash Flow for CLVT in the course of the last twelve months was 13.22 with Quick ratio for the last quarter at 0.94.

Trading performance analysis for CLVT stock

Clarivate Plc [CLVT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.43. With this latest performance, CLVT shares gained by 2.21% in over the last four-week period, additionally plugging by 30.98% over the last 6 months – not to mention a drop of -14.42% 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 54.13, with the RSI for the last a single of trading hit 53.20, and the three-weeks RSI is set at 55.28 for Clarivate Plc [CLVT]. The present Moving Average for the last 50 days of trading for this stock 8.90, while it was recorded at 9.27 for the last single week of trading, and 8.02 for the last 200 days.

Clarivate Plc [CLVT]: A deeper dive into fundamental analysis

Clarivate Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.94 and a Current Ratio set at 0.94.

Clarivate Plc [CLVT]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Clarivate Plc posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 29.40%. 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 1.50%.

An analysis of Institutional ownership at Clarivate Plc [CLVT]

The top three institutional holders of CLVT stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CLVT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CLVT stock with ownership which is approximately 5.8325%.