Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Clearfield Inc before investing.

In this article, we go over a few key elements for understanding Clearfield Inc’s stock price such as:

• Clearfield Inc’s current stock price and volume
• Why Clearfield Inc’s stock price changed recently
• Upgrades and downgrades for CLFD from analysts
• CLFD’s stock price momentum as measured by its relative strength

About Clearfield Inc (CLFD)

Before we jump into Clearfield Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Clearfield, Inc. designs, manufactures, and distributes fiber optic management, protection, and delivery products for communications networks. The Company?s products allow its customers to connect twice as many homes in their Fiber to the Home (FTTH) builds by using fewer resources. The Company operates through two segments: Clearfield and Nestor Cables. Its Clearfield segment designs, manufactures and sells fiber management, protection, and delivery solutions. This segment also provides contract manufacturing services to its customers for build-to-print services. which include OEM requiring copper and fiber cable assemblies built to their specifications. Its Nestor Cables segment designs, manufactures and sells fiber optic and copper telecommunication cables and equipment. The Company?s products include FieldSmart, WaveSmart, Active Cabinets, Nestor Optimus, FieldShield, and fiber and copper assemblies. FieldSmart is a series of panels, cabinets, wall boxes and other enclosures.

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Clearfield Inc’s Stock Price as of Market Close

As of November 14, 2023, 4:00 PM, CST, Clearfield Inc’s stock price was $26.38.

Clearfield Inc is up 7.67% from its previous closing price of $24.50.

During the last market session, Clearfield Inc’s stock traded between $23.45 and $24.67. Currently, there are 15.25 million shares of Clearfield Inc stock available for purchase.

Clearfield Inc’s price-earnings (P/E) ratio is currently at 7.6, which is low compared to the Communications & Networking industry median of 17. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Clearfield Inc Stock Price History

Clearfield Inc’s (CLFD) price is currently up 9.83% so far this month.

During the month of November, Clearfield Inc’s stock price has reached a high of $27.00 and a low of $23.45.

Over the last year, Clearfield Inc has hit prices as high as $134.90 and as low as $22.91. Year to date, Clearfield Inc’s stock is down 68.75%.

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What Caused Clearfield Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 13, 2023, there were 5 analysts who downgraded Clearfield Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Clearfield Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Clearfield Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Clearfield Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Clearfield Inc (CLFD) by visiting AAII Stock Evaluator.

Relative Price Strength of Clearfield Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 13, 2023, Clearfield Inc has a weighted four-quarter relative price strength of -29.68%, which translates to a Momentum Score of 11 and is considered to be Very Weak.

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Clearfield Inc Stock Price: Bottom Line

As of November 14, 2023, Clearfield Inc’s stock price is $26.38, which is up 7.67% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Clearfield Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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