Clearfield Inc (NASDAQ:CLFD) shares, rose in value, with the stock price up by 0.08% to the previous day’s close as strong demand from buyers drove the stock to $38.56.
Actively observing the price movement in the last trading, the stock closed the session at $38.53. Referring to stock’s 52-week performance, its high was $49.64, and the low was $22.91. On the whole, CLFD has fluctuated by 3.94% over the past month.
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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CLFD’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CLFD currently trading nearly -0.81% and 7.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.32, while the 7-day volatility ratio is showing 2.90% which for the 30-day chart, stands at 3.10%. Furthermore, Clearfield Inc (CLFD)’s beta value is 1.39, and its average true range (ATR) is 1.27.
A comparison of Clearfield Inc (CLFD) with its peers suggests the former has fared considerably weaker in the market. CLFD showed an intraday change of 0.08% in last session, and over the past year, it shrunk by -16.70%%.
Data on historical trading for Clearfield Inc (NASDAQ:CLFD) indicates that the trading volumes over the past 3 months, they’ve averaged 159.20K. According to company’s latest data on outstanding shares, there are 15.25 million shares outstanding.
Nearly 16.69% of Clearfield Inc’s shares belong to company insiders and institutional investors own 68.58% of the company’s shares. The stock has risen by 32.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CLFD stock heading into the next quarter.
