Clover Health Investments Corp. (NASDAQ: CLOV) on June 21, 2022, started off the session at the price of $2.24, soaring 0.45% from the previous trading day. During the day, the shares moved up to $2.33 and dropped to $2.22 before settling in for the closing price of $2.22. Within the past 52 weeks, CLOV’s price has moved between $1.95 and $15.10.
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The company achieved an average annual earnings per share of 36.30%. With a float of $339.26 million, this company’s outstanding shares have now reached $473.03 million.
Considering the fact that the conglomerate employs 680 people, you should pay attention to its efficiency factor.
Clover Health Investments Corp. (CLOV) Insider Activity
Observing investor behavior towards Healthcare Plans industry stocks is more important than anything else. The insider ownership of Clover Health Investments Corp. is 1.30%, while institutional ownership is 26.70%. The most recent insider transaction that took place on Mar 11, was worth 248,072. In this transaction Director of this company bought 80,000 shares at a rate of $3.10, taking the stock ownership to the 107,100 shares. Before that another transaction happened on Mar 03, when Company’s Director bought 100,000 for $2.53, making the entire transaction worth $252,530. This insider now owns 100,000 shares in total.
Clover Health Investments Corp. (CLOV) Earnings and Forecasts
As on 3/30/2022, Multinational firm has announced its last quarter scores, in which it reported -$0.19 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.27) by $0.08. This company achieved a net margin of -38.21 while generating a return on equity of -88.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 36.30% per share during the next fiscal year.
Clover Health Investments Corp. (NASDAQ: CLOV) Trading Performance Indicators
Clover Health Investments Corp. (CLOV) is currently performing well based on its current performance indicators. A quick ratio of 1.20 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.47, a number that is poised to hit -0.21 in the next quarter and is forecasted to reach -0.64 in one year’s time.
Technical Analysis of Clover Health Investments Corp. (CLOV)
Compared to the last year’s volume of 12.25 million, its volume of 9.73 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 35.31%. Additionally, its Average True Range was 0.19.
During the past 100 days, Clover Health Investments Corp.’s (CLOV) raw stochastic average was set at 14.36%, which indicates a significant decrease from 33.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 77.00% in the past 14 days, which was lower than the 96.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.64, while its 200-day Moving Average is $4.40. Nevertheless, the first resistance level for the watch stands at $2.30 in the near term. At $2.37, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.41. If the price goes on to break the first support level at $2.19, it is likely to go to the next support level at $2.15. Should the price break the second support level, the third support level stands at $2.08.
Clover Health Investments Corp. (NASDAQ: CLOV) Key Stats
Market capitalization of the company is 1.01 billion based on 473,274K outstanding shares. Right now, sales total 1,472 M and income totals -587,760 K. The company made 874,380 K in profit during its latest quarter, and -75,310 K in sales during its previous quarter.