William Blair slashes price target on Clarivate Plc [CLVT] – find out why.

Clarivate Plc [NYSE: CLVT] closed the trading session at $5.09.

The stocks have a year to date performance of -45.03 percent and weekly performance of 1.80 percent. The stock has been moved at -10.70 percent over the last six months. The stock has performed -11.32 percent around the most recent 30 days and changed -26.02 percent over the most recent 3-months.

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If compared to the average trading volume of 5.34M shares, CLVT reached to a volume of 3301623 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 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 $6.36 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 2.45. 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.

William Blair have made an estimate for Clarivate Plc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on November 06, 2024. The new note on the price target was released on December 15, 2023, representing the official price target for Clarivate Plc stock. Previously, the target price had yet another drop from $10 to $8.50, while Jefferies kept a Buy rating on CLVT stock. On September 08, 2023, analysts decreased their price target for CLVT shares from 8 to 7.

The Average True Range (ATR) for Clarivate Plc is set at 0.24, with the Price to Sales ratio for CLVT stock in the period of the last 12 months amounting to 1.40. The Price to Book ratio for the last quarter was 0.66, with the Price to Cash per share for the same quarter was set at 0.55. Price to Free Cash Flow for CLVT in the course of the last twelve months was 8.50 with Quick ratio for the last quarter at 0.88.

CLVT stock trade performance evaluation

Clarivate Plc [CLVT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.80. With this latest performance, CLVT shares dropped by -11.32% in over the last four-week period, additionally sinking by -10.70% over the last 6 months – not to mention a drop of -44.97% 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 CLVT stock in for the last two-week period is set at 42.95, with the RSI for the last a single of trading hit 43.01, and the three-weeks RSI is set at 42.96 for Clarivate Plc [CLVT]. The present Moving Average for the last 50 days of trading for this stock 5.59, while it was recorded at 4.99 for the last single week of trading, and 6.25 for the last 200 days.

Clarivate Plc [CLVT]: An insightful look at the core fundamentals

Clarivate Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.88 and a Current Ratio set at 0.88.

Earnings per share (EPS) analysis for Clarivate Plc [CLVT] stock

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 32.00%.

Clarivate Plc [CLVT]: Institutional Ownership

The top three institutional holders of CLVT stocks are: LEONARD GREEN & PARTNERS, L.P. with ownership of 116.67 million shares, which is approximately 17.4939%. EXOR N.V., holding 67.29 million shares of the stock with an approximate value of $$382.91 million in CLVT stocks shares; and EXOR N.V., currently with $$380.22 million in CLVT stock with ownership which is approximately 10.0197%.