Clarivate Plc (CLVT) stock hits $4.87: Is it a good time to buy or wait for a dip?

Clarivate Plc [CLVT] stock prices are up 5.41% to $4.87 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CLVT shares have gain 6.10% over the last week, with a monthly amount drifted -26.66%, and not 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 November 06, 2024, when William Blair downgraded its rating to a Mkt Perform. Previously, Wells Fargo downgraded its rating to Underweight on December 15, 2023, and kept the price target unchanged to $8. On October 16, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $8.50 on the stock. Barclays downgraded its rating to a Underweight and decreased its price target to $7 on September 08, 2023. RBC Capital Mkts downgraded its rating to a Sector Perform and reduced its price target to $8 on August 25, 2023. BofA Securities downgraded its rating to Underperform for this stock on August 07, 2023, and downed its price target to $6. In a note dated August 04, 2023, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $15 to $8.

The stock price of Clarivate Plc [CLVT] has been fluctuating between $4.25 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 $4.87 at the most recent close of the market. An investor can expect a potential return of 194.25% based on the average CLVT price forecast.

Analyzing the CLVT fundamentals

The Clarivate Plc [NYSE:CLVT] reported sales of 2.58B for trailing twelve months, representing a drop of -3.86%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.5%, and Net Profit Margin reading is -0.5%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.22 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 4.69 points at the first support level, and at 4.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.98, and for the 2nd resistance point, it is at 5.08.

Ratios To Look Out For

It’s worth pointing out that Clarivate Plc [NYSE:CLVT]’s Current Ratio is 0.88. As well, the Quick Ratio is 0.88, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 0.63.

Transactions by insiders

Recent insider trading involved Veinstein Bar, President, A&G, that happened on Oct 15 ’24 when 60000.0 shares were sold. Officer, BAR VEINSTEIN completed a deal on Oct 15 ’24 to buy 60000.0 shares. Meanwhile, President, A&G Veinstein Bar sold 0.12 million shares on Sep 19 ’24.

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