Clear Secure Inc (NYSE: YOU) stock jumped 1.74% on Monday to $19.84 against a previous-day closing price of $19.50. With 1.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.27 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $19.85 whereas the lowest price it dropped to was $19.40. The 52-week range on YOU shows that it touched its highest point at $33.77 and its lowest point at $14.86 during that stretch. It currently has a 1-year price target of $26.12. With its current market cap of 1.80 billion, YOU has annualized dividend of $0.16 while the current yield stands at 0.81%. Beta for the stock currently stands at 1.48.
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 5.78%, but this was up by 21.33% over a month. Three-month performance dropped to -7.30% while six-month performance fell -20.18%. The stock lost -30.50% in the past year, while it has lost -25.04% so far this year. A look at the trailing 12-month EPS for YOU yields 0.02 with Next year EPS estimates of 0.70. For the next quarter, that number is 0.16. This implies an EPS growth rate of 264.29% for this year and 20.83% for next year.
Float and Shares Shorts:
At present, 87.76 million YOU shares are outstanding with a float of 83.76 million shares on hand for trading. On Oct 30, 2023, short shares totaled 11.23 million, which was 12.37% higher than short shares on Sep 28, 2023. In addition to Ms. Caryn Gail Seidman-Becker as the firm’s Chairman & CEO, Mr. Kenneth L. Cornick serves as its President, CFO & Director.
Through their ownership of 109.27% of YOU’s outstanding shares, institutional investors have majority control over the company.
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 $20.00, the average target price over the next 12 months is $26.13. Based on these targets, YOU could surge 101.61% to reach the target high and rise by 0.81% to reach the target low. Reaching the average price target will result in a growth of 31.7% from current levels.
Summary of Insider Activity:
Insiders traded YOU stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 47,971 shares were bought while 18,371 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 45 over the past year. The total number of shares bought during that period was 6,041,941 while 15,464,449 shares were sold.