Clarivate Plc (NYSE: CLVT) is -47.41% lower on its value in year-to-date trading and has touched a low of $4.25 and a high of $9.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CLVT stock was last observed hovering at around $4.62 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $4.87, the stock is -12.71% and -22.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.63 million and changing 5.41% at the moment leaves the stock -26.28% off its SMA200. CLVT registered -32.45% loss for a year compared to 6-month gain of -19.10%. The firm has a 50-day simple moving average (SMA 50) of $6.2978 and a 200-day simple moving average (SMA200) of $6.62675.
The stock witnessed a -26.66% loss in the last 1 month and extending the period to 3 months gives it a -25.65%, and is 6.10% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.71% over the week and 4.91% over the month.
Clarivate Plc (CLVT) has around 12000 employees, a market worth around $3.46B and $2.58B in sales. Fwd P/E is 6.54. Profit margin for the company is -51.96%. Distance from 52-week low is 14.59% and -49.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.12%).
The EPS is expected to shrink by -10.66% this year.
Clarivate Plc (CLVT) Top Institutional Holders
The shares outstanding are 666.10M, and float is at 416.53M with Short Float at 8.40%.
The top institutional shareholder in the company is LEONARD GREEN & PARTNERS, L.P. with over 116.67 million shares valued at $663.83 million. The investor’s holdings represent 17.4939% of the CLVT Shares outstanding. As of 2024-06-30, the second largest holder is EXOR N.V. with 67.29 million shares valued at $382.91 million to account for 10.0907 of the shares outstanding. The other top investors are CLARKSTON CAPITAL PARTNERS, LLC which holds 66.82 million shares representing 10.0197% and valued at over $380.22 million, while IMPACTIVE CAPITAL LP holds 6.2996 of the shares totaling 42.01 million with a market value of $239.05 million.
Clarivate Plc (CLVT) Insider Activity
The most recent transaction is an insider sale by Veinstein Bar, the company’s President, A&G. SEC filings show that Veinstein Bar sold 60,000 shares of the company’s common stock on Oct 15 ’24 at a price of $7.00 per share for a total of $0.42 million. Following the sale, the insider now owns 0.92 million shares.
Still, SEC filings show that on Sep 19 ’24, Veinstein Bar (President, A&G) disposed off 120,000 shares at an average price of $7.00 for $0.84 million. The insider now directly holds 976,583 shares of Clarivate Plc (CLVT).
