The share price of Clever Leaves Holdings Inc. (NASDAQ:CLVR) rose to $0.98 per share on Tuesday from $0.94. While Clever Leaves Holdings Inc. has overperformed by 3.98%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CLVR fell by -90.05%, with highs and lows ranging from $12.40 to $0.90, whereas the simple moving average fell by -61.42% in the last 200 days.
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On July 27, 2021, Canaccord Genuity started tracking Clever Leaves Holdings Inc. (NASDAQ: CLVR) recommending Buy. A report published by Cowen on July 23, 2021, Initiated its previous ‘Market Perform’ rating for CLVR.
Analysis of Clever Leaves Holdings Inc. (CLVR)
Further, the quarter-over-quarter increase in sales is 48.60%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Clever Leaves Holdings Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -59.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.90, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CLVR is recording an average volume of 1.01M. On a monthly basis, the volatility of the stock is set at 10.01%, whereas on a weekly basis, it is put at 6.93%, with a gain of 6.41% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.70, showing growth from the present price of $0.98, which can serve as yet another indication of whether CLVR is worth investing in or should be passed over.
How Do You Analyze Clever Leaves Holdings Inc. Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 3.40%. 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 18.40% 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 CLVR shares?
The recent increase in stakes in CLVR appears to be a result of several institutional investors and hedge funds increasing their positions. Farallon Capital Management LLC’s position in CLVR has decreased by -20.11% in the first quarter. The company now owns 2,436,431 shares of the stock, with a value of $2.38 million, following the sale of -613,422 additional shares during the last quarter. Merlin Capital LLC made another decreased to its shares in CLVR during the first quarter, downing its stake by -3.05%. During the last quarter, the company dropped down -34,389 additional shares for a total stake of worth $1.07 million, bringing number of shares owned by the company to 1,094,670.
At the end of the first quarter, BlackRock Fund Advisors decreased its CLVR holdings by -0.76% and now holds 0.34 million CLVR shares valued at $0.33 million with the lessened 2592.0 shares during the period. CLVR shares are owned by institutional investors to the tune of 18.40% at present.