Clearwater Analytics Holdings Inc [NYSE: CWAN] gained 14.73% or 4.21 points to close at $32.79 with a heavy trading volume of 6547850 shares.
The daily chart for CWAN points out that the company has recorded 80.46% gains over the past six months.
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If we look at the average trading volume of 1.33M shares, CWAN reached to a volume of 6547850 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 Clearwater Analytics Holdings Inc [CWAN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CWAN shares is $30.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CWAN stock is a recommendation set at 1.67. 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.
JP Morgan have made an estimate for Clearwater Analytics Holdings Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on Nov-08-24. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on August 19, 2024, representing the official price target for Clearwater Analytics Holdings Inc stock. Previously, the target price had yet another raise to $25, while Oppenheimer analysts kept a Outperform rating on CWAN stock. On February 29, 2024, analysts decreased their price target for CWAN shares from 24 to 22.
The Average True Range (ATR) for Clearwater Analytics Holdings Inc is set at 1.14, with the Price to Sales ratio for CWAN stock in the period of the last 12 months amounting to 19.03. The Price to Book ratio for the last quarter was 17.85, with the Price to Cash per share for the same quarter was set at 1.24. Price to Free Cash Flow for CWAN in the course of the last twelve months was 66.41 with Quick ratio for the last quarter at 4.61.
Trading performance analysis for CWAN stock
Clearwater Analytics Holdings Inc [CWAN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.58. With this latest performance, CWAN shares gained by 29.76% in over the last four-week period, additionally plugging by 80.46% over the last 6 months – not to mention a rise of 74.97% 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 CWAN stock in for the last two-week period is set at 85.49, with the RSI for the last a single of trading hit 89.70, and the three-weeks RSI is set at 81.85 for Clearwater Analytics Holdings Inc [CWAN]. The present Moving Average for the last 50 days of trading for this stock 25.64, while it was recorded at 28.19 for the last single week of trading, and 20.70 for the last 200 days.
Clearwater Analytics Holdings Inc [CWAN]: A deeper dive into fundamental analysis
Clearwater Analytics Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.61 and a Current Ratio set at 4.61.
Clearwater Analytics Holdings Inc [CWAN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Clearwater Analytics Holdings Inc posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 CWAN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Clearwater Analytics Holdings Inc go to 22.50%.
An analysis of Institutional ownership at Clearwater Analytics Holdings Inc [CWAN]
There are presently around $121.67%, or 122.38%% of CWAN stock, in the hands of institutional investors. The top three institutional holders of CWAN stocks are: PERMIRA HOLDINGS LTD with ownership of 20.25 million shares, which is approximately 9.4942%. VANGUARD GROUP INC, holding 17.61 million shares of the stock with an approximate value of $$326.1 million in CWAN stocks shares; and VANGUARD GROUP INC, currently with $$325.5 million in CWAN stock with ownership which is approximately 8.2414%.
