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 -24.03% away from its 52-week high, while its distance from the 52-week low is 25.54%. 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 5.56 million for the day, considerably higher average daily volume of 4.06 million observed over the last three months.
Clarivate Plc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $10.03 on 07/19/23, while the lowest price during the same period was $6.07 on 10/04/23.
How Financial Performance Impacts Market Capitalization
Clarivate Plc (CLVT) has experienced a quarterly decline of -16.08% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.08B 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 8.19, with a change in price of +0.66. Similarly, Clarivate Plc recorded 4,998,614 in trading volume during the last 100 days, posting a change of +9.48%.
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 last 50 days is at 35.01%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 98.59%. Further, the company’s Stochastic %K and %D values for the last 20 days were 88.00% and 82.63%, respectively.
CLVT Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -17.71%. However, over the past six months, we’ve seen a weaker performance of 12.89%. The price of CLVT fallen by 7.93% over the last 30 days. And in the last five days, it has surged by 3.81%.
