On Friday, Clearwater Analytics Holdings Inc (NYSE: CWAN) opened higher 0.92% from the last session, before settling in for the closing price of $27.15. Price fluctuations for CWAN have ranged from $15.62 to $27.16 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 21.68%. Company’s average yearly earnings per share was noted 31.79% at the time writing. With a float of $139.41 million, this company’s outstanding shares have now reached $218.79 million.
Considering the fact that the conglomerate employs 1756 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 71.75%, operating margin of 0.51%, and the pretax margin is -0.79%.
Clearwater Analytics Holdings Inc (CWAN) Insider Activity
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Clearwater Analytics Holdings Inc is 36.28%, while institutional ownership is 76.95%. The most recent insider transaction that took place on Oct 15 ’24, was worth 489,172. In this transaction Chief Financial Officer of this company sold 18,700 shares at a rate of $26.16, taking the stock ownership to the 224,044 shares. Before that another transaction happened on Oct 15 ’24, when Company’s Officer proposed sale 18,700 for $26.02, making the entire transaction worth $486,574.
Clearwater Analytics Holdings Inc (CWAN) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.09 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.08) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 31.79% per share during the next fiscal year.
Clearwater Analytics Holdings Inc (NYSE: CWAN) Trading Performance Indicators
Check out the current performance indicators for Clearwater Analytics Holdings Inc (CWAN). In the past quarter, the stock posted a quick ratio of 4.73. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.87. Likewise, its price to free cash flow for the trailing twelve months is 57.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.02, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 0.52 in one year’s time.
Technical Analysis of Clearwater Analytics Holdings Inc (CWAN)
Compared to the last year’s volume of 1.46 million, its volume of 0.93 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 95.90%. Additionally, its Average True Range was 0.57.
During the past 100 days, Clearwater Analytics Holdings Inc’s (CWAN) raw stochastic average was set at 99.90%, which indicates a significant increase from 99.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.02% in the past 14 days, which was lower than the 38.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.71, while its 200-day Moving Average is $20.15. Nevertheless, the first resistance level for the watch stands at $27.49 in the near term. At $27.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $27.76. If the price goes on to break the first support level at $27.22, it is likely to go to the next support level at $27.05. Should the price break the second support level, the third support level stands at $26.95.
Clearwater Analytics Holdings Inc (NYSE: CWAN) Key Stats
There are currently 245,717K shares outstanding in the company with a market cap of 5.99 billion. Presently, the company’s annual sales total 368,170 K according to its annual income of -21,630 K. Last quarter, the company’s sales amounted to 106,790 K and its income totaled -430 K.
