Clarivate Plc (NYSE:CLVT) has a beta value of 1.17 and has seen 6.28 million shares traded in the recent trading session. The company, currently valued at $3.61B, closed the recent trade at $4.99 per share which meant it lost -$1.6 on the day or -24.36% during that session. The CLVT stock price is -92.38% off its 52-week high price of $9.60 and 0.4% above the 52-week low of $4.97. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.66 million shares traded. The 3-month trading volume is 3.72 million shares.
The consensus among analysts is that Clarivate Plc (CLVT) is Buy stock at the moment, with a recommendation rating of 2.20. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.19.
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Clarivate Plc (NYSE:CLVT) trade information
Sporting -24.36% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CLVT stock price touched $4.99 or saw a rise of 25.74%. Year-to-date, Clarivate Plc shares have moved -46.17%, while the 5-day performance has seen it change -23.66%. Over the past 30 days, the shares of Clarivate Plc (NYSE:CLVT) have changed -23.89%. Short interest in the company has seen 31.94 million shares shorted with days to cover at 10.13.
Wall Street analysts have a consensus price target for the stock at $12, which means that the shares’ value could jump 58.42% from the levels at last check today.. The projected low price target is $11.0 while the price target rests at a high of $20.0. In that case, then, we find that the latest price level in today’s session is -300.8% off the targeted high while a plunge would see the stock gain -120.44% from the levels at last check today..
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 -19.07% over the past 6 months, with this year growth rate of -9.76%, compared to 20.60% for the industry. Revenue growth from the last financial year stood is estimated to be -1.00%.
7 analysts offering their estimates for the company have set an average revenue estimate of 640.85M for the current quarter. 7 have an estimated revenue figure of 691.37M for the next ending quarter. Year-ago sales stood 647.2M and 683.7M respectively for this quarter and the next, and analysts expect sales will shrink by -1.00% for the current quarter and -1.00% 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 -8.90% while over the next 5 years, the company’s earnings are expected to increase by 32.00%.
CLVT Dividends
Clarivate Plc is expected to release its next earnings report on 2024-Nov-06 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
The top two institutional holders are LEONARD GREEN & PARTNERS, L.P. with over 116.67 million shares worth more than $663.83 million. As of 2024-06-30, LEONARD GREEN & PARTNERS, L.P. held 17.4939% of shares outstanding.
The other major institutional holder is EXOR N.V., with the holding of over 67.29 million shares as of 2024-06-30. The firm’s total holdings are worth over $382.91 million and represent 10.0907% of shares outstanding.
