On Tuesday, Clover Health Investments Corp (NASDAQ: CLOV) was -2.96% drop from the session before settling in for the closing price of $4.06. A 52-week range for CLOV has been $0.61 – $4.71.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 52.25%. When this article was written, the company’s average yearly earnings per share was at 68.85%. With a float of $372.43 million, this company’s outstanding shares have now reached $393.27 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Clover Health Investments Corp stocks. The insider ownership of Clover Health Investments Corp is 25.14%, while institutional ownership is 14.83%. 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) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.09 earnings per share (EPS) during the time that was better than consensus figure (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 68.85% 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
You can see what Clover Health Investments Corp (CLOV) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.16.
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 -0.15 in one year’s time.
Technical Analysis of Clover Health Investments Corp (CLOV)
Looking closely at Clover Health Investments Corp (NASDAQ: CLOV), its last 5-days average volume was 9.54 million, which is a jump from its year-to-date volume of 8.1 million. As of the previous 9 days, the stock’s Stochastic %D was 26.84%. Additionally, its Average True Range was 0.29.
During the past 100 days, Clover Health Investments Corp’s (CLOV) raw stochastic average was set at 79.79%, which indicates a significant increase from 37.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.33% in the past 14 days, which was lower than the 99.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.21, while its 200-day Moving Average is $1.59. However, in the short run, Clover Health Investments Corp’s stock first resistance to watch stands at $4.08. Second resistance stands at $4.21. The third major resistance level sits at $4.34. If the price goes on to break the first support level at $3.81, it is likely to go to the next support level at $3.68. Should the price break the second support level, the third support level stands at $3.55.
Clover Health Investments Corp (NASDAQ: CLOV) Key Stats
There are 496,437K outstanding shares of the company, which has a market capitalization of 1.96 billion. As of now, sales total 2,034 M while income totals -213,360 K. Its latest quarter income was 356,260 K while its last quarter net income were 7,410 K.
