Clear Secure Inc. (NYSE: YOU) stock fell -0.78% on Tuesday to $25.35 against a previous-day closing price of $25.55. With 0.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.36 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $26.13 whereas the lowest price it dropped to was $25.24. The 52-week range on YOU shows that it touched its highest point at $34.72 and its lowest point at $18.64 during that stretch. It currently has a 1-year price target of $31.50.
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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 2.97%, but this was down by -1.86% over a month. Three-month performance dropped to -9.28% while six-month performance fell -13.47%. The stock lost -10.59% in the past year, while it has lost -6.83% so far this year. A look at the trailing 12-month EPS for YOU yields -0.72 with Next year EPS estimates of 0.51. For the next quarter, that number is 0.07. This implies an EPS growth rate of -69.40% for this year and 50.89% for next year.
Float and Shares Shorts:
At present, 90.52 million YOU shares are outstanding with a float of 73.15 million shares on hand for trading. On Apr 27, 2023, short shares totaled 16.22 million, which was 17.80% higher than short shares on Mar 30, 2023. In addition to Ms. Caryn Gail Seidman-Becker as the firm’s Chairman & CEO, Mr. Kenneth L. Cornick serves as its Pres, CFO & Director.
Through their ownership of 98.55% of YOU’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.96% of YOU, in contrast to 38.64% held by mutual funds. Shares owned by individuals account for 18.58%. As the largest shareholder in YOU with 12.72% of the stake, Durable Capital Partners LP holds 11,476,588 shares worth 11,476,588. A second-largest stockholder of YOU, T. Rowe Price Investment Manageme, holds 9,783,360 shares, controlling over 10.85% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in YOU, holding 7,396,104 shares or 8.20% stake. With a 5.66% stake in YOU, the American Funds Small Cap World Fu is the largest stakeholder. A total of 5,101,299 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.78% of YOU stock, is the second-largest Mutual Fund holder. It holds 2,505,448 shares valued at 60.61 million. Lord Abbett Growth Leaders Fund holds 2.75% of the stake in YOU, owning 2,481,474 shares worth 60.03 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, YOU reported revenue of $102.72M and operating income of -$13.12M. The EBITDA in the recently reported quarter was -$8.79M and diluted EPS was -$0.09.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for YOU since 0 analysts follow the stock currently. 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 $40.00 and a low target of $26.00, the average target price over the next 12 months is $31.20. Based on these targets, YOU could surge 57.79% to reach the target high and rise by 2.56% to reach the target low. Reaching the average price target will result in a growth of 23.08% 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.
Summary of Insider Activity:
Insiders traded YOU stock several times over the past three months with 2 Buys and 7 Sells. In these transactions, 53,331 shares were bought while 108,201 shares were sold. The number of buy transactions has increased to 78 while that of sell transactions has risen to 121 over the past year. The total number of shares bought during that period was 8,841,976 while 17,625,683 shares were sold.