On Monday, Clover Health Investments Corp (NASDAQ: CLOV) opened higher 2.34% from the last sessionbefore settling in for the closing price of $2.99. Price fluctuations for CLOV have ranged from $0.61 to $3.82 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 52.25% over the past five years. Company’s average yearly earnings per share was noted 71.35% at the time writing. With a float of $375.72 million, this company’s outstanding shares have now reached $393.27 million.
Let’s look at the performance matrix of the company that is accounted for 552 employees. In terms of profitability, gross margin is 18.33%, operating margin of -7.26%, and the pretax margin is -7.57%.
Clover Health Investments Corp (CLOV) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Healthcare Plans industry is another important factor to consider. The insider ownership of Clover Health Investments Corp is 24.47%, while institutional ownership is 14.76%. The most recent insider transaction that took place on Aug 09 ’24, was worth 999,596. In this transaction Director of this company bought 531,700 shares at a rate of $1.88, taking the stock ownership to the 1,409,267 shares. Before that another transaction happened on Jun 17 ’24, when Company’s Director bought 877,567 for $1.14, making the entire transaction worth $1,000,426. This insider now owns 877,567 shares in total.
Clover Health Investments Corp (CLOV) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.09 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.11) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 71.35% 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
Check out the current performance indicators for Clover Health Investments Corp (CLOV). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.26, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.13 in one year’s time.
Technical Analysis of Clover Health Investments Corp (CLOV)
Clover Health Investments Corp (NASDAQ: CLOV) saw its 5-day average volume 5.74 million, a negative change from its year-to-date volume of 8.01 million. As of the previous 9 days, the stock’s Stochastic %D was 82.41%. Additionally, its Average True Range was 0.26.
During the past 100 days, Clover Health Investments Corp’s (CLOV) raw stochastic average was set at 76.35%, which indicates a significant increase from 64.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 100.51% in the past 14 days, which was higher than the 97.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.25, while its 200-day Moving Average is $1.25. Nevertheless, the first resistance level for the watch stands at $3.15 in the near term. At $3.25, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.36. If the price goes on to break the first support level at $2.94, it is likely to go to the next support level at $2.83. The third support level lies at $2.73 if the price breaches the second support level.
Clover Health Investments Corp (NASDAQ: CLOV) Key Stats
There are currently 496,437K shares outstanding in the company with a market cap of 1.52 billion. Presently, the company’s annual sales total 2,034 M according to its annual income of -213,360 K. Last quarter, the company’s sales amounted to 356,260 K and its income totaled 7,410 K.
