Clarivate Plc [CLVT] stock is trading at $7.35, down -2.00%. An important factor to consider is whether the stock is rising or falling in short-term value. The CLVT shares have lost -0.14% over the last week, with a monthly amount glided 4.11%, and seem to be holding up well over a long-time horizon.
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On 1, April 2024, Clarivate Leadership Presents at Recent Investor Conferences. In a post published today on Yahoo Finance, — Clarivate CFO and Segment Presidents Discuss Growth Initiatives Including Generative AI Strategies —.
From an analyst’s perspective:
Clarivate Plc [NYSE: CLVT] stock has seen the most recent analyst activity on December 15, 2023, when Wells Fargo downgraded its rating to a Underweight but kept the price target unchanged to $8 for it. Previously, Jefferies upgraded its rating to Buy on October 16, 2023, and dropped its price target to $8.50. On September 08, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $7 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform and decreased its price target to $8 on August 25, 2023. BofA Securities downgraded its rating to a Underperform and reduced its price target to $6 on August 07, 2023. Wells Fargo downgraded its rating to Equal Weight for this stock on August 04, 2023, and downed its price target to $8. In a note dated June 13, 2023, Oppenheimer initiated an Outperform rating and provided a target price of $11 on this stock.
Clarivate Plc [CLVT] stock has fluctuated between $6.07 and $10.03 over the past year. Currently, Wall Street analysts expect the stock to reach $14.33 within the next 12 months. Clarivate Plc [NYSE: CLVT] shares were valued at $7.35 at the most recent close of the market. An investor can expect a potential return of 94.97% based on the average CLVT price forecast.
Analyzing the CLVT fundamentals
Clarivate Plc [NYSE:CLVT] reported sales of 2.63B for the trailing twelve months, which represents a growth of 1.24%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.39%, and Net Profit Margin reading is -0.35%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.14 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.79.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.28 points at the first support level, and at 7.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.50, and for the 2nd resistance point, it is at 7.64.
Clarivate Plc [CLVT] reported earnings per share of $0.23 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of $0.02 and a surprise factor of 9.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.21 per share as compared to estimates of $0.18 per share, a difference of $0.03 representing a surprise of 16.70%.
Ratios To Look Out For
For context, Clarivate Plc’s Current Ratio is 0.91. On the other hand, the Quick Ratio is 0.91, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 1.06.
