Ready to Jump After Recent Trade: Clear Secure Inc. (YOU)

Clear Secure Inc. (NYSE: YOU) stock jumped 5.87% on Friday to $26.88 against a previous-day closing price of $25.39. With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.24 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $27.50 whereas the lowest price it dropped to was $25.49. The 52-week range on YOU shows that it touched its highest point at $65.70 and its lowest point at $18.79 during that stretch. It currently has a 1-year price target of $34.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of YOU was up-trending over the past week, with a rise of 11.91%, but this was up by 25.31% over a month. Three-month performance dropped to -11.49% while six-month performance rose 5.21%. The stock lost -48.45% in the past year, while it has lost -14.31% so far this year. A look at the trailing 12-month EPS for YOU yields -0.31 with Next year EPS estimates of 0.04. For the next quarter, that number is -0.04. This implies an EPS growth rate of -277.30% for this year and 17.10% for next year.

Float and Shares Shorts:

At present, 149.88 million YOU shares are outstanding with a float of 65.99 million shares on hand for trading. On Jul 14, 2022, short shares totaled 9.55 million, which was 11.99% higher than short shares on Jun 14, 2022. In addition to Ms. Caryn Gail Seidman-Becker as the firm’s Chairman & CEO, Mr. Kenneth L. Cornick serves as its Pres, CFO & Director.

Institutional Ownership:

Through their ownership of 89.17% of YOU’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 38.33% of YOU, in contrast to 19.82% held by mutual funds. Shares owned by individuals account for 15.01%. As the largest shareholder in YOU with 16.48% of the stake, T. Rowe Price Associates, Inc. holds 12,953,197 shares worth 12,953,197. A second-largest stockholder of YOU, Durable Capital Partners LP, holds 11,476,588 shares, controlling over 14.61% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in YOU, holding 3,234,230 shares or 4.12% stake. With a 5.90% stake in YOU, the T Rowe Price New Horizons Fund is the largest stakeholder. A total of 4,632,016 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 5.64% of YOU stock, is the second-largest Mutual Fund holder. It holds 4,428,299 shares valued at 88.57 million. T Rowe Price Small Cap Stock Fund holds 2.85% of the stake in YOU, owning 2,236,274 shares worth 44.73 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for YOU since 6 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With YOU analysts setting a high price target of $38.00 and a low target of $29.00, the average target price over the next 12 months is $33.17. Based on these targets, YOU could surge 41.37% to reach the target high and rise by 7.89% to reach the target low. Reaching the average price target will result in a growth of 23.4% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. YOU will report FY 2022 earnings on 03/23/2023. Analysts have provided yearly estimates in a range of -$0.50 being high and -$0.89 being low. For YOU, this leads to a yearly average estimate of -$0.64. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Clear Secure Inc. surprised analysts by $0.14 when it reported -$0.03 EPS against a consensus estimate of -$0.17. The surprise factor in the prior quarter was $0.10. Based on analyst estimates, the high estimate for the next quarter is -$0.12 and the low estimate is -$0.27. The average estimate for the next quarter is thus -$0.18.

Summary of Insider Activity:

Insiders traded YOU stock several times over the past three months with 28 Buys and 5 Sells. In these transactions, 5,045,648 shares were bought while 11,413,208 shares were sold. The number of buy transactions has increased to 105 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 7,821,794 while 11,520,179 shares were sold.

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