A new trading day began on Monday, with Clover Health Investments Corp (NASDAQ: CLOV) stock price down -8.31% from the previous day of trading, before settling in for the closing price of $3.97. CLOV’s price has ranged from $0.61 to $4.87 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 35.05% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -80.29%. With a float of $376.53 million, this company’s outstanding shares have now reached $395.74 million.
In an organization with 552 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 53.95%, operating margin of -3.34%, and the pretax margin is -3.45%.
Clover Health Investments Corp (CLOV) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Healthcare Plans Industry. The insider ownership of Clover Health Investments Corp is 24.86%, while institutional ownership is 18.57%. 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 0.0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -80.29% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 40.99% during the next five years compared to -237.67% drop over the previous five years of trading.
Clover Health Investments Corp (NASDAQ: CLOV) Trading Performance Indicators
Here are Clover Health Investments Corp’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.34. Likewise, its price to free cash flow for the trailing twelve months is 54.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.09, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.10 in one year’s time.
Technical Analysis of Clover Health Investments Corp (CLOV)
Let’s dig in a bit further. During the last 5-days, its volume was 6.56 million. That was better than the volume of 6.2 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 22.59%. Additionally, its Average True Range was 0.30.
During the past 100 days, Clover Health Investments Corp’s (CLOV) raw stochastic average was set at 35.94%, which indicates a significant increase from 12.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.30% in the past 14 days, which was lower than the 55.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.00, while its 200-day Moving Average is $2.89. However, in the short run, Clover Health Investments Corp’s stock first resistance to watch stands at $3.91. Second resistance stands at $4.18. The third major resistance level sits at $4.32. If the price goes on to break the first support level at $3.50, it is likely to go to the next support level at $3.36. The third support level lies at $3.09 if the price breaches the second support level.
Clover Health Investments Corp (NASDAQ: CLOV) Key Stats
With a market capitalization of 1.82 billion, the company has a total of 501,109K Shares Outstanding. Currently, annual sales are 2,034 M while annual income is -213,360 K. The company’s previous quarter sales were 330,990 K while its latest quarter income was -9,160 K.
