Daily Progress: Clarivate Plc (CLVT) Drop -0.48, Closing at 6.22

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In the latest session, Clarivate Plc (NYSE: CLVT) closed at $6.22 down -0.48% from its previous closing price of $6.25. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 4.89 million shares were traded. CLVT stock price reached its highest trading level at $6.43 during the session, while it also had its lowest trading level at $6.1.

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 11.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.78. For the most recent quarter (mrq), Quick Ratio is recorded 0.86 and its Current Ratio is at 0.86. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.80.

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 4156440320 and an Enterprise Value of 9941537792. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 3.793 whereas that against EBITDA is 10.064.

Stock Price History:

Over the past 52 weeks, CLVT has reached a high of $10.03, while it has fallen to a 52-week low of $6.07. The 50-Day Moving Average of the stock is -12.43%, while the 200-Day Moving Average is calculated to be -18.42%.

Shares Statistics:

For the past three months, CLVT has traded an average of 4.45M shares per day and 4270890 over the past ten days. A total of 666.10M shares are outstanding, with a floating share count of 370.14M. Insiders hold about 44.61% of the company’s shares, while institutions hold 64.47% stake in the company. Shares short for CLVT as of 1714435200 were 43830617 with a Short Ratio of 9.85, compared to 1711584000 on 36901670. Therefore, it implies a Short% of Shares Outstanding of 43830617 and a Short% of Float of 8.53.

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