Clover Health Investments Corp. (NASDAQ: CLOV) on May 19, 2023, started off the session at the price of $1.07, plunging -3.77% from the previous trading day. During the day, the shares moved up to $1.07 and dropped to $1.00 before settling in for the closing price of $1.06. Within the past 52 weeks, CLOV’s price has moved between $0.71 and $3.55.
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The company achieved an average annual earnings per share of 50.00%. With a float of $346.34 million, this company’s outstanding shares have now reached $478.81 million.
The firm has a total of 656 workers. Let’s measure their productivity.
Clover Health Investments Corp. (CLOV) Breakdown of a Key Holders of the stock
Observing investor behavior towards Healthcare Plans industry stocks is more important than anything else. The insider ownership of Clover Health Investments Corp. is 3.10%, while institutional ownership is 32.50%.
Clover Health Investments Corp. (CLOV) Recent Fiscal highlights
As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.15 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.18) by $0.03. This company achieved a net margin of -9.72 while generating a return on equity of -76.74. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 50.00% 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 1.10 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 0.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.70, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.40 in one year’s time.
Technical Analysis of Clover Health Investments Corp. (CLOV)
Analysing the last 5-days average volume posted by the [Clover Health Investments Corp., CLOV], we can find that recorded value of 5.23 million was lower than the volume posted last year of 6.71 million. As of the previous 9 days, the stock’s Stochastic %D was 83.85%. Additionally, its Average True Range was 0.06.
During the past 100 days, Clover Health Investments Corp.’s (CLOV) raw stochastic average was set at 42.11%, which indicates a significant decrease from 79.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.54% in the past 14 days, which was lower than the 70.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8627, while its 200-day Moving Average is $1.4399. Now, the first resistance to watch is $1.0600. This is followed by the second major resistance level at $1.1000. The third major resistance level sits at $1.1300. If the price goes on to break the first support level at $0.9900, it is likely to go to the next support level at $0.9600. Now, if the price goes above the second support level, the third support stands at $0.9200.
Clover Health Investments Corp. (NASDAQ: CLOV) Key Stats
Market capitalization of the company is 511.60 million based on 482,654K outstanding shares. Right now, sales total 3,477 M and income totals -338,840 K. The company made 527,780 K in profit during its latest quarter, and -72,610 K in sales during its previous quarter.
