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Clarivate Plc (NYSE: CLVT) closed the day trading at $6.68 down -2.20% from the previous closing price of $6.83. In other words, the price has decreased by -$2.20 from its previous closing price. On the day, 2.65 million shares were traded. CLVT stock price reached its highest trading level at $6.965 during the session, while it also had its lowest trading level at $6.67.
Ratios:
For a better understanding of CLVT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.85 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.72. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.84.
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.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 19 ’24 when Veinstein Bar sold 120,000 shares for $7.00 per share. The transaction valued at 840,000 led to the insider holds 976,583 shares of the business.
BAR VEINSTEIN bought 120,000 shares of CLVT for $840,000 on Sep 19 ’24. On Aug 30 ’24, another insider, SAHA SAURABH, who serves as the Director of the company, sold 17,646 shares for $6.75 each. As a result, the insider received 119,110 and left with 23,741 shares of the company.
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 4837261824 and an Enterprise Value of 9201762304. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 3.536 whereas that against EBITDA is 9.27.
Stock Price History:
Over the past 52 weeks, CLVT has reached a high of $9.60, while it has fallen to a 52-week low of $4.97. The 50-Day Moving Average of the stock is 2.98%, while the 200-Day Moving Average is calculated to be -6.68%.
Shares Statistics:
Over the past 3-months, CLVT traded about 4.18M shares per day on average, while over the past 10 days, CLVT traded about 3140300 shares per day. A total of 666.10M shares are outstanding, with a floating share count of 424.44M. Insiders hold about 41.39% of the company’s shares, while institutions hold 61.58% stake in the company. Shares short for CLVT as of 1724976000 were 26458553 with a Short Ratio of 7.52, compared to 1722384000 on 30589125. Therefore, it implies a Short% of Shares Outstanding of 26458553 and a Short% of Float of 4.64.
Earnings Estimates
The current rating of Clarivate Plc (CLVT) reflects the combined expertise of 8.0 analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is $0.22, with high estimates of $0.23 and low estimates of $0.2.
Analysts are recommending an EPS of between $0.76 and $0.72 for the fiscal current year, implying an average EPS of $0.74. EPS for the following year is $0.79, with 8.0 analysts recommending between $0.81 and $0.77.
Revenue Estimates
6 analysts predict $641.87M in revenue for the current quarter. It ranges from a high estimate of $650M to a low estimate of $637.7M. As of the current estimate, Clarivate Plc’s year-ago sales were $647.2MFor the next quarter, 6 analysts are estimating revenue of $692.01M. There is a high estimate of $700.16M for the next quarter, whereas the lowest estimate is $685.7M.
A total of 8 analysts have provided revenue estimates for CLVT’s current fiscal year. The highest revenue estimate was $2.61B, while the lowest revenue estimate was $2.58B, resulting in an average revenue estimate of $2.6B. In the same quarter a year ago, actual revenue was $2.63BBased on 8 analysts’ estimates, the company’s revenue will be $2.66B in the next fiscal year. The high estimate is $2.71B and the low estimate is $2.63B.
