Clovis Oncology Inc. (NASDAQ:CLVS) closed Monday at $1.51 per share, down from $1.67 a day earlier. While Clovis Oncology Inc. has underperformed by -9.58%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CLVS fell by -68.74%, with highs and lows ranging from $5.24 to $0.58, whereas the simple moving average fell by -34.01% in the last 200 days.
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On May 06, 2022, H.C. Wainwright Downgraded Clovis Oncology Inc. (NASDAQ: CLVS) to Neutral. A report published by H.C. Wainwright on May 18, 2020, Reiterated its previous ‘Buy’ rating for CLVS. SVB Leerink also Downgraded CLVS shares as ‘Underperform’, setting a target price of $5 on the company’s shares in a report dated April 27, 2020. H.C. Wainwright resumed its ‘Buy’ rating for CLVS, as published in its report on January 08, 2020. Evercore ISI’s report from November 19, 2019 suggests a price prediction of $8 for CLVS shares, giving the stock a ‘In-line’ rating. SVB Leerink also rated the stock as ‘Mkt Perform’.
Analysis of Clovis Oncology Inc. (CLVS)
Further, the quarter-over-quarter decrease in sales is -10.20%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Clovis Oncology Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 101.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and CLVS is recording an average volume of 13.70M. On a monthly basis, the volatility of the stock is set at 16.73%, whereas on a weekly basis, it is put at 8.55%, with a loss of -10.65% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.00, showing growth from the present price of $1.51, which can serve as yet another indication of whether CLVS is worth investing in or should be passed over.
How Do You Analyze Clovis Oncology Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 40.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in CLVS shares?
The recent increase in stakes in CLVS appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in CLVS has increased by 22.94% in the first quarter. The company now owns 12,073,240 shares of the stock, with a value of $21.73 million, following the purchase of 2,252,669 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in CLVS during the first quarter, upping its stake by 3.15%. During the last quarter, the company picked up 260,887 additional shares for a total stake of worth $15.38 million, bringing number of shares owned by the company to 8,545,036.
During the first quarter, Palo Alto Investors LP added a 476,141 position in CLVS. Millennium Management LLC purchased an additional 2.53 million shares in the last quarter, increasing its holdings by 234.59%, now holding 3.6 million shares worth $6.48 million. At the end of the first quarter, SSgA Funds Management, Inc. decreased its CLVS holdings by -83.74% and now holds 2.62 million CLVS shares valued at $4.72 million with the lessened -13.5 million shares during the period. CLVS shares are owned by institutional investors to the tune of 40.20% at present.
