Clover Health Investments Corp (NASDAQ: CLOV) on Friday, soared 3.43% from the previous trading day, before settling in for the closing price of $3.79. Within the past 52 weeks, CLOV’s price has moved between $0.61 and $4.71.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 52.25%. The company achieved an average annual earnings per share of 68.85%. With a float of $372.47 million, this company’s outstanding shares have now reached $393.27 million.
Considering the fact that the conglomerate employs 552 people, you should pay attention to its efficiency factor. 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) 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 25.13%, 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) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.09 earnings per share (EPS) for the period topping the consensus outlook (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
Clover Health Investments Corp (CLOV) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.15.
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)
Compared to the last year’s volume of 8.06 million, its volume of 6.33 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 16.19%. Additionally, its Average True Range was 0.27.
During the past 100 days, Clover Health Investments Corp’s (CLOV) raw stochastic average was set at 79.26%, which indicates a significant increase from 27.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.38% in the past 14 days, which was lower than the 98.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.29, while its 200-day Moving Average is $1.63. Nevertheless, the first resistance level for the watch stands at $3.97 in the near term. At $4.03, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.11. If the price goes on to break the first support level at $3.83, it is likely to go to the next support level at $3.75. Now, if the price goes above the second support level, the third support stands at $3.69.
Clover Health Investments Corp (NASDAQ: CLOV) Key Stats
Market capitalization of the company is 1.95 billion based on 496,437K outstanding shares. Right now, sales total 2,034 M and income totals -213,360 K. The company made 356,260 K in profit during its latest quarter, and 7,410 K in sales during its previous quarter.
