Clovis Oncology, Inc. (NASDAQ:CLVS) has a beta value of 2.49 and has seen 1,495,094 shares traded in the recent trading session. The company, currently valued at $607.14 Million, closed the recent trade at $6.93 per share which meant it lost -$0.1 on the day or -1.78% during that session. The CLVS stock price is -150.65% off its 52-week high price of $17.37 and 57.72% above the 52-week low of $2.93. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.69 Million shares traded. The 3-month trading volume is 6.89 Million shares.
The consensus among analysts is that Clovis Oncology, Inc. (CLVS) is a Hold stock at the moment, with a recommendation rating of 3. 2 analysts rate the stock as a Sell, while none rate it as Overweight. 4 out of 10 have rated it as a Hold, with 3 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$1.07.
Clovis Oncology, Inc. (NASDAQ:CLVS) trade information
Despite being -2.05% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the CLVS stock price touched $7.66-1 or saw a rise of 11.37%. Year-to-date, Clovis Oncology, Inc. shares have moved -34.88%, while the 5-day performance has seen it change -9.11%. Over the past 30 days, the shares of Clovis Oncology, Inc. (NASDAQ:CLVS) have changed -1.89%. Short interest in the company has seen 26.06 Million shares shorted with days to cover at 3.78.
Wall Street analysts have a consensus price target for the stock at $13.63, which means that the shares’ value could jump 96.68% from current levels. The projected low price target is $4 while the price target rests at a high of $32. In that case, then, we find that the current price level is +361.76% off the targeted high while a plunge would see the stock lose -42.28% from current levels.
Clovis Oncology, Inc. (CLVS) estimates and forecasts
Figures show that Clovis Oncology, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -37% over the past 6 months, with this year growth rate of -38.63%, compared to 9.3% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 52.9% and 39% for the next quarter. Revenue growth from the last financial year stood is estimated to be +35.3%.
8 analysts offering their estimates for the company have set an average revenue estimate of $44.39 Million for the current quarter. 8 have an estimated revenue figure of $48.93 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $34.92 Million and $37.6 Million respectively for this quarter and the next, and analysts expect sales will grow by 27.1% for the current quarter and 30.1% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -9.5% over the past 5 years. Earnings growth for 2020 is a modest -5.2% while over the next 5 years, the company’s earnings are expected to increase by 71.6%.
Clovis Oncology, Inc. (NASDAQ:CLVS)’s Major holders
Insiders own 2.27% of the company shares, while shares held by institutions stand at 48.46% with a share float percentage of 49.58%. Investors are also buoyed by the number of investors in a company, with Clovis Oncology, Inc. having a total of 204 institutions that hold shares in the company. The top two institutional holders are Palo Alto Investors Lp with over 4.64 Million shares worth more than $29.48 Million. As of March 30, 2020, Palo Alto Investors Lp held 6.03% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 4.46 Million shares as of March 30, 2020. The firm’s total holdings are worth over $28.35 Million and represent 5.8% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF. As of December 30, 2019, the former fund manager holds about 4.63% shares in the company for having 3562000 shares of worth $37.13 Million while later fund manager owns 2.76 Million shares of worth $17.58 Million as of March 30, 2020, which makes it owner of about 3.59% of company’s outstanding stock.