While Clearwater Analytics Holdings Inc has overperformed by 0.66%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CWAN rose by 21.78%, with highs and lows ranging from $21.89 to $14.47, whereas the simple moving average fell by -2.00% in the last 200 days.
On February 29, 2024, JP Morgan Downgraded Clearwater Analytics Holdings Inc (NYSE: CWAN) to Neutral. A report published by UBS on November 07, 2023, Initiated its previous ‘Buy’ rating for CWAN. Loop Capital also Upgraded CWAN shares as ‘Buy’, setting a target price of $25 on the company’s shares in a report dated September 25, 2023. MoffettNathanson Initiated an Outperform rating on April 10, 2023, and assigned a price target of $19.50. Oppenheimer January 12, 2023d its ‘Outperform’ rating to ‘Perform’ for CWAN, as published in its report on January 12, 2023. Goldman’s report from July 13, 2022 suggests a price prediction of $12 for CWAN shares, giving the stock a ‘Sell’ rating. William Blair also rated the stock as ‘Outperform’.
Analysis of Clearwater Analytics Holdings Inc (CWAN)
Further, the quarter-over-quarter increase in sales is 21.41%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Clearwater Analytics 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 -4.65% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.53, 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 CWAN is recording an average volume of 1.32M. On a monthly basis, the volatility of the stock is set at 2.86%, whereas on a weekly basis, it is put at 3.30%, with a gain of 5.76% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.00, showing growth from the present price of $18.17, which can serve as yet another indication of whether CWAN is worth investing in or should be passed over.
How Do You Analyze Clearwater Analytics 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 47.26%. 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 62.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CWAN shares are owned by institutional investors to the tune of 62.40% at present.
