In the latest session, Clarivate Plc (NYSE: CLVT) closed at $7.38 down -17.45% from its previous closing price of $8.94. In other words, the price has decreased by -$1.56 from its previous closing price. On the day, 20775697 shares were traded. CLVT stock price reached its highest trading level at $8.24 during the session, while it also had its lowest trading level at $6.55.
Ratios:
For a deeper understanding of Clarivate Plc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.53. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.74.
On October 16, 2023, Jefferies Upgraded its rating to Buy which previously was Hold and also lowered its target price recommendation from $10 to $8.50.
Barclays Downgraded its Equal Weight to Underweight on September 08, 2023, whereas the target price for the stock was revised from $8 to $7.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CLVT now has a Market Capitalization of 4.92B and an Enterprise Value of 10.87B. As of this moment, Clarivate’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.99, and their Forward P/E ratio for the next fiscal year is 8.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 21.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 4.15 whereas that against EBITDA is 9.82.
Stock Price History:
Over the past 52 weeks, CLVT has reached a high of $11.99, while it has fallen to a 52-week low of $6.07. The 50-Day Moving Average of the stock is 9.04, while the 200-Day Moving Average is calculated to be 8.06.
Shares Statistics:
For the past three months, CLVT has traded an average of 4.46M shares per day and 3.57M over the past ten days. A total of 674.41M shares are outstanding, with a floating share count of 370.11M. Insiders hold about 44.25% of the company’s shares, while institutions hold 64.98% stake in the company. Shares short for CLVT as of Jan 31, 2024 were 34M with a Short Ratio of 7.63, compared to 30.91M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.12% and a Short% of Float of 6.66%.
Earnings Estimates
There are 11 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.23 and a low estimate of $0.19, while EPS last year was $0.22. The consensus estimate for the next quarter is $0.18, with high estimates of $0.23 and low estimates of $0.15.
Analysts are recommending an EPS of between $0.82 and $0.77 for the fiscal current year, implying an average EPS of $0.8. EPS for the following year is $0.84, with 11 analysts recommending between $0.88 and $0.81.
Revenue Estimates
A total of 10 analysts believe the company’s revenue will be $679.68M this quarter.It ranges from a high estimate of $694M to a low estimate of $630M. As of the current estimate, Clarivate Plc’s year-ago sales were $675.3M, an estimated increase of 0.60% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $643.42M, an increase of 3.30% over than the figure of $0.60% in the same quarter last year. There is a high estimate of $658.81M for the next quarter, whereas the lowest estimate is $626.7M.
A total of 11 analysts have provided revenue estimates for CLVT’s current fiscal year. The highest revenue estimate was $2.64B, while the lowest revenue estimate was $2.62B, resulting in an average revenue estimate of $2.63B. In the same quarter a year ago, actual revenue was $2.66B, down -1.10% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $2.69B in the next fiscal year. The high estimate is $2.72B and the low estimate is $2.66B. The average revenue growth estimate for next year is up 2.50% from the average revenue estimate for this year.
