Clarivate Plc (NYSE:CLVT) has a beta value of 1.24 and has seen 6.74 million shares traded in the last trading session. The company, currently valued at $4.70B, closed the last trade at $7.06 per share which meant it lost -$0.15 on the day or -2.08% during that session. The CLVT stock price is -42.07% off its 52-week high price of $10.03 and 14.02% above the 52-week low of $6.07. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.81 million shares traded. The 3-month trading volume is 4.06 million shares.
Clarivate Plc (NYSE:CLVT) trade information
Sporting -2.08% in the red in last session, when the CLVT stock price touched $7.06 or saw a rise of 3.81%. Year-to-date, Clarivate Plc shares have moved -23.76%, while the 5-day performance has seen it change 0.00%. Over the past 30 days, the shares of Clarivate Plc (NYSE:CLVT) have changed -21.21%. Short interest in the company has seen 34.36 million shares shorted with days to cover at 7.8.
Clarivate Plc (CLVT) estimates and forecasts
Figures show that Clarivate Plc shares have underperformed across the wider relevant industry. The company’s shares have lost -3.68% over the past 6 months, with this year growth rate of -9.76%, compared to 21.30% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -22.20% and -9.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be -0.40%.
7 analysts offering their estimates for the company have set an average revenue estimate of $618.83 million for the current quarter. 7 have an estimated revenue figure of $662.76 million for the next quarter concluding in Jun 2024. Year-ago sales stood $622.64 million and $668.8 million respectively for this quarter and the next, and analysts expect sales will shrink by -0.60% for the current quarter and -0.90% 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 60.20% over the past 5 years. Earnings growth for 2024 is a modest -8.30% while over the next 5 years, the company’s earnings are expected to increase by 4.70%.
CLVT Dividends
Clarivate Plc is expected to release its next earnings report between May 07 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Clarivate Plc (NYSE:CLVT)’s Major holders
Insiders own 16.71% of the company shares, while shares held by institutions stand at 92.44% with a share float percentage of 110.98%. Investors are also buoyed by the number of investors in a company, with Clarivate Plc having a total of 333 institutions that hold shares in the company. The top two institutional holders are Leonard Green & Partners, L.P. with over 116.67 million shares worth more than $823.67 million. As of Dec 30, 2023, Leonard Green & Partners, L.P. held 17.51% of shares outstanding.
The other major institutional holder is Exor N.V., with the holding of over 65.73 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $464.04 million and represent 9.86% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Alps Ser Tr-Clarkston Partners Fd and Janus Henderson Triton Fund. As of Dec 30, 2023, the former fund manager holds about 2.34% shares in the company for having 15.6 million shares of worth $110.14 million while later fund manager owns 7.94 million shares of worth $56.03 million as of Dec 30, 2023, which makes it owner of about 1.19% of company’s outstanding stock.
