In yesterday’s Wall Street session, Clarivate Plc (NYSE:CLVT) shares traded at $5.84, down -1.85% from the previous session.
CLVT stock price is now -15.74% away from the 50-day moving average and -22.47% away from the 200-day moving average. The market capitalization of the company currently stands at $3.90B.
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With the price target maintained at $8, Wells Fargo recently Downgraded its rating from Equal Weight to Underweight for Clarivate Plc (NYSE: CLVT). On October 16, 2023, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock reducing its target price from $10 to quote $8.50, while ‘Barclays’ rates the stock as ‘Underweight’
A total of 44.61% of the company’s stock is owned by insiders.
During the past 12 months, Clarivate Plc has had a low of $5.84 and a high of $10.03. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 0.86, and a quick ratio of 0.86. The fifty day moving average price for CLVT is $6.907 and a two-hundred day moving average price translates $7.5262 for the stock.
The latest earnings results from Clarivate Plc (NYSE: CLVT) was released for 2024-03-31. According to the Information Technology Services Company, earnings per share came in at 0.21, beating analysts’ expectations of 0.2 by 0.01. This compares to $0.06 EPS in the same period last year. The net profit margin was -42.16% and return on equity was -16.03% for CLVT. The company reported revenue of $621.2 million for the quarter, compared to $629.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.26 percent. For the current quarter, analysts expect CLVT to generate $651.88M in revenue.
