At the time of writing, Clarivate Plc [CLVT] stock is trading at $7.10, up 2.01%. An important factor to consider is whether the stock is rising or falling in short-term value. The CLVT shares have gain 4.72% over the last week, with a monthly amount glided 6.93%, 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.
For the past year, the stock price of Clarivate Plc fluctuated between $4.97 and $9.60. Currently, Wall Street analysts expect the stock to reach $14.33 within the next 12 months. Clarivate Plc [NYSE: CLVT] shares were valued at $7.10 at the most recent close of the market. An investor can expect a potential return of 101.83% based on the average CLVT price forecast.
Analyzing the CLVT fundamentals
According to Clarivate Plc [NYSE:CLVT], the company’s sales were 2.60B for trailing twelve months, which represents an -2.77% plunge. 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 6.90 points at the first support level, and at 6.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.23, and for the 2nd resistance point, it is at 7.35.
Ratios To Look Out For
It is important to note that Clarivate Plc [NYSE:CLVT] has a current ratio of 0.90. On the other hand, the Quick Ratio is 0.90, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.98, the price to book ratio is 0.92.
Transactions by insiders
Recent insider trading involved Veinstein Bar, President, A&G, that happened on Sep 19 ’24 when 0.12 million shares were sold. Officer, BAR VEINSTEIN completed a deal on Sep 19 ’24 to buy 0.12 million shares. Meanwhile, Director SAHA SAURABH sold 17646.0 shares on Aug 30 ’24.
