With 20.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.99 million shares. The 52-week range on CLVT shows that it touched its highest point at $9.07 and its lowest point at $4.25 during that stretch. It currently has a 1-year price target of $6.14. Beta for the stock currently stands at 1.26.
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 -2.26%, but this was down by -6.48% over a month. Three-month performance surged to 5.78% while six-month performance fell -25.04%. The stock lost -47.69% in the past year, while it has lost -6.30% so far this year. A look at the trailing 12-month EPS for CLVT yields -1.99 with Next year EPS estimates of 0.73. For the next quarter, that number is 0.13. This implies an EPS growth rate of -5.42% for this year and 6.21% for next year. EPS is expected to grow by 4.37% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 60.20%.
Float and Shares Shorts:
At present, 710.30 million CLVT shares are outstanding with a float of 413.50 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 $0.18.
