With 6.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.25 million shares. The 52-week range on CLVT shows that it touched its highest point at $7.77 and its lowest point at $4.22 during that stretch. It currently has a 1-year price target of $5.94. Beta for the stock currently stands at 1.28.
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 CLVT was down-trending over the past week, with a drop of -7.88%, but this was down by -23.32% over a month. Three-month performance dropped to -24.55% while six-month performance fell -36.69%. The stock lost -40.45% in the past year, while it has lost -17.13% so far this year. A look at the trailing 12-month EPS for CLVT yields -0.97 with Next year EPS estimates of 0.70. For the next quarter, that number is 0.12. This implies an EPS growth rate of -11.22% for this year and 7.41% for next year. EPS is expected to grow by 2.28% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.40%.
Float and Shares Shorts:
At present, 691.40 million CLVT shares are outstanding with a float of 402.72 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CLVT since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.74574 being high and $0.70543 being low. For CLVT, this leads to a yearly average estimate of $0.72558. Based on analyst estimates, the high estimate for the next quarter is $0.19 and the low estimate is $0.17. The average estimate for the next quarter is thus $0.17.
Summary of Insider Activity:
Insiders traded CLVT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
