On Friday, Clover Health Investments Corp (NASDAQ: CLOV) opened higher 5.11% from the last session, before settling in for the closing price of $3.13. Price fluctuations for CLOV have ranged from $0.61 to $4.71 over the past 52 weeks.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 52.25%. Company’s average yearly earnings per share was noted 73.20% at the time writing. With a float of $377.43 million, this company’s outstanding shares have now reached $394.44 million.
Let’s determine the extent of company efficiency that accounts for 552 employees. In terms of profitability, gross margin is 33.96%, operating margin of -5.84%, and the pretax margin is -6.21%.
Clover Health Investments Corp (CLOV) Insider Activity
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 24.68%, while institutional ownership is 16.39%. 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
According to the Wall Street analysts, stocks earnings will be around 73.20% 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 1.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.19, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.14 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 4.83 million, which is a jump from its year-to-date volume of 4.55 million. As of the previous 9 days, the stock’s Stochastic %D was 38.65%. Additionally, its Average True Range was 0.17.
During the past 100 days, Clover Health Investments Corp’s (CLOV) raw stochastic average was set at 50.00%, which indicates a significant decrease from 74.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.98% in the past 14 days, which was lower than the 87.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.45, while its 200-day Moving Average is $2.22. However, in the short run, Clover Health Investments Corp’s stock first resistance to watch stands at $3.38. Second resistance stands at $3.47. The third major resistance level sits at $3.58. If the price goes on to break the first support level at $3.17, it is likely to go to the next support level at $3.06. Should the price break the second support level, the third support level stands at $2.97.
Clover Health Investments Corp (NASDAQ: CLOV) Key Stats
There are currently 501,109K shares outstanding in the company with a market cap of 1.73 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 330,990 K and its income totaled -9,160 K.
