In yesterday’s Wall Street session, Clarivate Plc (NYSE:CLVT) shares traded at $5.75, up 0.52% from the previous session.
CLVT stock price is now -4.72% away from the 50-day moving average and -10.51% away from the 200-day moving average. The market capitalization of the company currently stands at $4.08B.
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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, Angelakis Michael J, Director bought 1,500,000 shares of the company’s stock on Nov 20 ’24. The stock was bought for $7,665,000 at an average price of $5.11. Upon completion of the transaction, the Director now directly owns 1,500,000 shares in the company, valued at $8.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, Director Angelakis Michael J bought 1,200,000 shares of the business’s stock. A total of $6,228,000 was incurred on buying the stock at an average price of $5.19. This leaves the insider owning 2,700,000 shares of the company worth $15.53 million.
During the past 12 months, Clarivate Plc has had a low of $4.25 and a high of $9.60. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 0.88, and a quick ratio of 0.88. The fifty day moving average price for CLVT is $6.0564 and a two-hundred day moving average price translates $6.44125 for the stock.
The latest earnings results from Clarivate Plc (NYSE: CLVT) was released for 2024-09-30. The net profit margin was -51.96% and return on equity was -21.14% for CLVT. The company reported revenue of $622.2 million for the quarter, compared to $647.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.86 percent.
