Clover Health Investments Corp (CLOV) Is A Good Stock To Accumulate At Current Levels

Clover Health Investments Corp (NASDAQ:CLOV) price on Wednesday, July 10, remained unchanged to $1.34.

A look at the stock’s price movement, the close in the last trading session was $1.34. Turning to its 52-week performance, $1.63 and $0.61 were the 52-week high and 52-week low respectively. Overall, CLOV moved 21.82% over the past month.

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Clover Health Investments Corp’s market cap currently stands at around $665.23 million.

Turning to the stock’s technical picture we see that short term indicators suggest on average that CLOV is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.

CLOV’s current price about 13.01% and 31.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.70, while 7-day volatility ratio is 4.41% and 7.98% in the 30-day chart. Further, Clover Health Investments Corp (CLOV) has a beta value of 2.12, and an average true range (ATR) of 0.08.

If we refocus on Clover Health Investments Corp (NASDAQ:CLOV), historical trading data shows that trading volumes averaged 6.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 393.27 million shares.

The 24.44% of Clover Health Investments Corp’s shares are in the hands of company insiders while institutional holders own 18.01% of the company’s shares. Current price change has pushed the stock 40.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CLOV stock continues to rise going into the next quarter.

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