Clearfield Inc (NASDAQ:CLFD) price on Friday, February 07, fall -5.92% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $34.75.
A look at the stock’s price movement, the close in the last trading session was $36.94, moving within a range at $34.12 and $39.715. The beta value (5-Year monthly) was 1.356. Turning to its 52-week performance, $44.83 and $27.06 were the 52-week high and 52-week low respectively. Overall, CLFD moved 1.28% over the past month.
Clearfield Inc’s market cap currently stands at around $490.90 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 38.67M for the company’s revenue for the quarter, with a low and high estimate of 38.4M and 39.4M respectively. The average forecast suggests up to a 4.78% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 179.22M, representing a 7.51% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CLFD is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend CLFD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CLFD’s current price about -6.53% and 2.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.95, while 7-day volatility ratio is 6.66% and 5.31% in the 30-day chart. Further, Clearfield Inc (CLFD) has a beta value of 1.24, and an average true range (ATR) of 2.05. Analysts have given the company’s stock an average 52-week price target of $50, forecast between a low of $50 and high of $50. Looking at the price targets, the low is -43.88% off current price level while to achieve the yearly target high, price needs to move -43.88%. Nonetheless, investors will most likely welcome a -43.88% jump to $50 which is the analysts’ median price.
If we refocus on Clearfield Inc (NASDAQ:CLFD), historical trading data shows that trading volumes averaged 0.16 over the past 10 days and 137.44K over the past 3 months. The company’s latest data on shares outstanding shows there are 14.23 million shares.
The 16.89% of Clearfield Inc’s shares are in the hands of company insiders while institutional holders own 63.97% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.08 million on 2025-01-15, giving us a short ratio of 10.93. The data shows that as of 2025-01-15 short interest in Clearfield Inc (CLFD) stood at 934.0 of shares outstanding, with shares short falling to 1.14 million registered in 2024-12-13. Current price change has pushed the stock 12.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CLFD stock continues to rise going into the next quarter.
