Clearwater Analytics Holdings Inc (NYSE:CWAN) shares, rose in value, with the stock price up by 0.65% to the previous day’s close as strong demand from buyers drove the stock to $20.04.
Actively observing the price movement in the last trading, the stock closed the session at $19.91. Referring to stock’s 52-week performance, its high was $21.89, and the low was $15.62. On the whole, CWAN has fluctuated by 5.42% over the past month.
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Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 440.35M, with a low estimate of 105M and a high estimate of 105.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 105.52M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CWAN’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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CWAN currently trading nearly 6.65% and 5.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.68, while the 7-day volatility ratio is showing 2.59% which for the 30-day chart, stands at 3.01%. Furthermore, Clearwater Analytics Holdings Inc (CWAN)’s beta value is 0.57, and its average true range (ATR) is 0.57.
A comparison of Clearwater Analytics Holdings Inc (CWAN) with its peers suggests the former has fared considerably weaker in the market. CWAN showed an intraday change of 0.65% in last session, and over the past year, it grew by 17.54%%.
Data on historical trading for Clearwater Analytics Holdings Inc (NYSE:CWAN) indicates that the trading volumes over the past 3 months, they’ve averaged 1.68 million. According to company’s latest data on outstanding shares, there are 127.60 million shares outstanding.
Nearly 45.12% of Clearwater Analytics Holdings Inc’s shares belong to company insiders and institutional investors own 67.98% of the company’s shares. The stock has risen by 0.05% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CWAN stock heading into the next quarter.
