Clarivate Plc [CLVT] stock is trading at $6.86, up 3.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CLVT shares have gain 3.16% over the last week, with a monthly amount glided 5.86%, and seem to be holding up well over a long-time horizon.
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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 $4.97 and $9.60 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 $6.86 at the most recent close of the market. An investor can expect a potential return of 108.89% based on the average CLVT price forecast.
Analyzing the CLVT fundamentals
Clarivate Plc [NYSE:CLVT] reported sales of 2.60B for the trailing twelve months, which represents a drop of -2.77%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at -0.46%, and Net Profit Margin reading is -0.47%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.2 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.
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 6.73 points at the first support level, and at 6.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.94, and for the 2nd resistance point, it is at 7.01.
Ratios To Look Out For
For context, Clarivate Plc’s Current Ratio is 0.90. Further, the Quick Ratio stands at 0.90, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.91, the price to book ratio is 0.89.
Transactions by insiders
Recent insider trading involved SAHA SAURABH, Director, that happened on Aug 30 ’24 when 17646.0 shares were purchased. Director, Snyder Andrew Miles completed a deal on Aug 09 ’24 to buy 0.26 million shares. Meanwhile, Director Snyder Andrew Miles bought 28938.0 shares on Aug 08 ’24.
