Clover Health Investments Corp (NASDAQ: CLOV) kicked off on Friday, down -7.22% from the previous trading day, before settling in for the closing price of $1.80. Over the past 52 weeks, CLOV has traded in a range of $0.61-$1.97.
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Healthcare Sector giant saw their annual sales surged by 52.25% over the last five years. While this was happening, its average annual earnings per share was recorded 53.97%. With a float of $375.16 million, this company’s outstanding shares have now reached $393.27 million.
The firm has a total of 552 workers. Let’s measure their productivity.
Clover Health Investments Corp (CLOV) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Healthcare Plans Industry. The insider ownership of Clover Health Investments Corp is 24.43%, while institutional ownership is 17.93%. The most recent insider transaction that took place on Jun 17 ’24, was worth 1,000,426. In this transaction Director of this company bought 877,567 shares at a rate of $1.14, taking the stock ownership to the 877,567 shares. Before that another transaction happened on May 17 ’24, when Company’s Director bought 10,000 for $0.93, making the entire transaction worth $9,300. This insider now owns 10,000 shares in total.
Clover Health Investments Corp (CLOV) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported -0.06 earnings per share (EPS), higher than consensus estimate (set at -0.15) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 53.97% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.10% during the next five years compared to -585.84% drop over the previous five years of trading.
Clover Health Investments Corp (NASDAQ: CLOV) Trading Performance Indicators
Take a look at Clover Health Investments Corp’s (CLOV) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.33, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.21 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 5.51 million was lower than the volume posted last year of 7.42 million. As of the previous 9 days, the stock’s Stochastic %D was 54.70%. Additionally, its Average True Range was 0.11.
During the past 100 days, Clover Health Investments Corp’s (CLOV) raw stochastic average was set at 78.01%, which indicates a significant increase from 24.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.66% in the past 14 days, which was lower than the 81.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3327, while its 200-day Moving Average is $1.0000. Now, the first resistance to watch is $1.7167. This is followed by the second major resistance level at $1.7633. The third major resistance level sits at $1.8067. If the price goes on to break the first support level at $1.6267, it is likely to go to the next support level at $1.5833. Now, if the price goes above the second support level, the third support stands at $1.5367.
Clover Health Investments Corp (NASDAQ: CLOV) Key Stats
The company with the Market Capitalisation of 829.05 million has total of 496,437K Shares Outstanding. Its annual sales at the moment are 2,034 M in contrast with the sum of -213,360 K annual income. Company’s last quarter sales were recorded 346,920 K and last quarter income was -19,170 K.
