On Tuesday, Clover Health Investments Corp (NASDAQ: CLOV) opened higher 1.37% from the last session, before settling in for the closing price of $4.38. Price fluctuations for CLOV have ranged from $0.61 to $4.87 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 52.25%. Company’s average yearly earnings per share was noted 73.20% at the time writing. With a float of $376.44 million, this company’s outstanding shares have now reached $394.44 million.
The extent of productivity of a business whose workforce counts for 552 workers is very important to gauge. 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 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 24.88%, while institutional ownership is 16.36%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
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 46.63% 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 1.45.
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)
The latest stats from [Clover Health Investments Corp, CLOV] show that its last 5-days average volume of 4.72 million was inferior to 6.56 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 52.75%. Additionally, its Average True Range was 0.23.
During the past 100 days, Clover Health Investments Corp’s (CLOV) raw stochastic average was set at 79.86%, which indicates a significant increase from 47.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.14% in the past 14 days, which was lower than the 68.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.73, while its 200-day Moving Average is $2.66. Now, the first resistance to watch is $4.52. This is followed by the second major resistance level at $4.59. The third major resistance level sits at $4.69. If the price goes on to break the first support level at $4.34, it is likely to go to the next support level at $4.24. The third support level lies at $4.17 if the price breaches the second support level.
Clover Health Investments Corp (NASDAQ: CLOV) Key Stats
There are currently 501,109K shares outstanding in the company with a market cap of 2.22 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.
