Clearfield Inc [NASDAQ: CLFD] closed the trading session at $29.98.
The stocks have a year to date performance of 3.09 percent and weekly performance of 2.74 percent. The stock has been moved at -20.56 percent over the last six months. The stock has performed -18.97 percent around the most recent 30 days and changed -18.67 percent over the most recent 3-months.
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If compared to the average trading volume of 114.26K shares, CLFD reached to a volume of 130947 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Clearfield Inc [CLFD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLFD shares is $46.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLFD stock is a recommendation set at 1.00. 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.
Lake Street have made an estimate for Clearfield Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 02, 2024. While these analysts kept the previous recommendation, Northland Capital raised their target price from $25 to $40. The new note on the price target was released on May 03, 2024, representing the official price target for Clearfield Inc stock. Previously, the target price had yet another raise to $45, while Northland Capital analysts kept a Market Perform rating on CLFD stock.
The Average True Range (ATR) for Clearfield Inc is set at 1.45, with the Price to Sales ratio for CLFD stock in the period of the last 12 months amounting to 2.57. The Price to Book ratio for the last quarter was 1.55, with the Price to Cash per share for the same quarter was set at 9.17. Price to Free Cash Flow for CLFD in the course of the last twelve months was 33.84 with Quick ratio for the last quarter at 6.69.
CLFD stock trade performance evaluation
Clearfield Inc [CLFD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.74. With this latest performance, CLFD shares dropped by -18.97% in over the last four-week period, additionally sinking by -20.56% over the last 6 months – not to mention a rise of 15.80% 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 CLFD stock in for the last two-week period is set at 37.46, with the RSI for the last a single of trading hit 38.87, and the three-weeks RSI is set at 37.82 for Clearfield Inc [CLFD]. The present Moving Average for the last 50 days of trading for this stock 35.45, while it was recorded at 30.36 for the last single week of trading, and 35.32 for the last 200 days.
Clearfield Inc [CLFD]: An insightful look at the core fundamentals
Clearfield Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.69 and a Current Ratio set at 9.43.
Clearfield Inc [CLFD]: Institutional Ownership
There are presently around $65.05%, or 77.98%% of CLFD stock, in the hands of institutional investors. The top three institutional holders of CLFD stocks are: BLACKROCK INC. with ownership of 1.03 million shares, which is approximately 7.0706%. VANGUARD GROUP INC, holding 0.96 million shares of the stock with an approximate value of $$37.0 million in CLFD stocks shares; and VANGUARD GROUP INC, currently with $$29.95 million in CLFD stock with ownership which is approximately 5.2966%.
