Clarivate Plc (NYSE:CLVT) shares traded -27.16% lower at $4.80 on Wall Street last session.
CLVT stock price is now -27.66% away from the 50-day moving average and -29.48% away from the 200-day moving average. The market capitalization of the company currently stands at $3.48B.
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On December 15, 2023, Wells Fargo Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $8, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Veinstein Bar, President, A&G sold 60,000 shares of the company’s stock on Oct 15 ’24. The stock was sold for $420,000 at an average price of $7.00. Upon completion of the transaction, the President, A&G now directly owns 916,583 shares in the company, valued at $4.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, Officer BAR VEINSTEIN bought 60,000 shares of the business’s stock. A total of $420,000 was incurred on buying the stock at an average price of $7.00. A total of 41.36% of the company’s stock is owned by insiders.
During the past 12 months, Clarivate Plc has had a low of $4.97 and a high of $9.60. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for CLVT is $6.6734 and a two-hundred day moving average price translates $6.82785 for the stock.
The latest earnings results from Clarivate Plc (NYSE: CLVT) was released for 2024-06-30. The net profit margin was -49.19% and return on equity was -19.31% for CLVT. The company reported revenue of $650.3 million for the quarter, compared to $668.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.77 percent.
