Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Clarivate Plc’s current trading price is -29.61% away from its 52-week high, while its distance from the 52-week low is 16.31%. The stock’s price range during this period has varied between $6.07 and $10.03. The company, active in the Technology sector, saw a trading volume of around 6.74 million for the day, considerably higher average daily volume of 4.06 million observed over the last three months.
Clarivate Plc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $10.03 on 07/19/23, and the lowest price during the same period was recorded at $6.07 on 10/04/23.
How Financial Performance Impacts Market Capitalization
Clarivate Plc (CLVT) has experienced a quarterly decline of -16.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.70B and boasts a workforce of 12000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 8.10, with a change in price of +0.42. Similarly, Clarivate Plc recorded 5,178,292 in trading volume during the last 100 days, posting a change of +6.33%.
How CLVT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CLVT stands at 0.80. Similarly, the long-term debt-to-equity ratio is also 0.80.
CLVT Stock Stochastic Average
As of today, the raw stochastic average of Clarivate Plc over the past 50 days is 16.68%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 20.22%. Additionally, the Stochastic %K and %D values for the company were 22.20% and 20.39%, respectively, over the past 20 days.
CLVT Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -23.76%.However, over the last six months, we can see a stronger performance of -3.68%. Over the last 30 days, the price of CLVT has leaped by -21.21%. And in the last five days, it has fallen by 0.00%.
