During the last session, Clarivate Plc (NYSE:CLVT)’s traded shares were 1.54 million, with the beta value of the company hitting 1.13. At the end of the trading day, the stock’s price was $5.18, reflecting an intraday gain of 1.77% or $0.09. The 52-week high for the CLVT share is $9.60, that puts it down -85.33 from that peak though still a striking 17.95% gain since the share price plummeted to a 52-week low of $4.25. The company’s market capitalization is $3.68B, and the average intraday trading volume over the past 10 days was 10.29 million shares, and the average trade volume was 4.61 million shares over the past three months.
Clarivate Plc (CLVT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.45. CLVT has a Sell rating from 1 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.2.
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Clarivate Plc (NYSE:CLVT) trade information
Clarivate Plc (CLVT) registered a 1.77% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.77% in intraday trading to $5.18, hitting a weekly high. The stock’s 5-day price performance is 15.11%, and it has moved by -20.67% in 30 days. Based on these gigs, the overall price performance for the year is -28.75%. The short interest in Clarivate Plc (NYSE:CLVT) is 34.99 million shares and it means that shorts have 12.71 day(s) to cover.
The consensus price target of analysts on Wall Street is $12, which implies an increase of 56.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $20 respectively. As a result, CLVT is trading at a discount of -286.1% off the target high and -112.36% off the low.
Clarivate Plc (CLVT) estimates and forecasts
Statistics show that Clarivate Plc has underperformed its competitors in share price, compared to the industry in which it operates. Clarivate Plc (CLVT) shares have gone down -12.94% during the last six months, with a year-to-date growth rate less than the industry average at -12.20% against 24.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -12.00% this quarter and then jump 0.95% in the quarter after that. In the rating firms’ projections, revenue will decrease -2.78% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 663.4M as predicted by 5 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 618.27M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 683.7M and 621.2M respectively. In this case, analysts expect current quarter sales to shrink by -2.97% and then drop by -0.47% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 60.20%. While earnings are projected to return -10.66% in 2024, the next five years will return 32.00% per annum.
CLVT Dividends
Clarivate Plc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Clarivate Plc (NYSE:CLVT)’s Major holders
The next largest institutional holding, with 67.29 million shares, is of EXOR N.V.’s that is approximately 10.0907% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $382.91 million.
Also, the Mutual Funds coming in first place with the largest holdings of Clarivate Plc (CLVT) shares are Alps Ser Tr-Clarkston Partners Fd and Alps Ser Tr-Clarkston Founders Fd. Data provided on Jun 30, 2024 indicates that Alps Ser Tr-Clarkston Partners Fd owns about 17.46 shares. This amounts to just over 2.46 percent of the company’s overall shares, with a $90.18 million market value. The same data shows that the other fund manager holds slightly less at 9.66, or about 1.36% of the stock, which is worth about $49.92 million.
