A share price of Clearfield Inc [CLFD] is currently trading at $38.37, up 1.35%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CLFD shares have gain 11.25% over the last week, with a monthly amount glided 19.57%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Clearfield Inc [NASDAQ: CLFD] stock has seen the most recent analyst activity on August 02, 2024, when Lake Street upgraded its rating to a Buy and also boosted its price target to $47 from $31. Previously, Northland Capital upgraded its rating to Outperform on May 03, 2024, and elevated its price target to $40. On August 04, 2023, downgrade downgraded it’s rating to Market Perform but maintained its price target of $45 on the stock. Lake Street downgraded its rating to a Hold. ROTH Capital initiated its recommendation with a Buy and recommended $120 as its price target on January 17, 2023. Cowen started tracking with a Outperform rating for this stock on January 04, 2023, and assigned it a price target of $141. In a note dated January 19, 2022, BWS Financial initiated an Sell rating and provided a target price of $37 on this stock.
Clearfield Inc experienced fluctuations in its stock price throughout the past year between $24.78 and $44.83. Currently, Wall Street analysts expect the stock to reach $48 within the next 12 months. Clearfield Inc [NASDAQ: CLFD] shares were valued at $38.37 at the most recent close of the market. An investor can expect a potential return of 25.1% based on the average CLFD price forecast.
Analyzing the CLFD fundamentals
Trailing Twelve Months sales for Clearfield Inc [NASDAQ:CLFD] were 166.71M which represents -5.86% decline. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.04 and Total Capital is -0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 37.67 points at the first support level, and at 36.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.83, and for the 2nd resistance point, it is at 39.28.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Clearfield Inc [NASDAQ:CLFD] is 9.43. Also, the Quick Ratio is 6.69, while the Cash Ratio stands at 0.66. Considering the valuation of this stock, the price to sales ratio is 3.29, the price to book ratio is 1.98.
Transactions by insiders
Recent insider trading involved ROTH RONALD G, Chairman of the Board, that happened on Dec 05 ’24 when 5000.0 shares were purchased. Director, Jones Walter Louis JR completed a deal on Aug 07 ’24 to buy 1324.0 shares. Meanwhile, Chairman of the Board ROTH RONALD G bought 2000.0 shares on May 23 ’24.
