Clover Health Investments Corp (NASDAQ:CLOV) traded at $3.49 at close of the session on current trade day and made an upward move of 3.56% on its previous day’s price.
Looking at the stock we see that its previous close was $3.37 and the beta (5Y monthly) reads 2.043 with the day’s price range being $3.42 – $3.5299. In terms of its 52-week price range, CLOV has a high of $4.71 and a low of $0.61. The company’s stock has lost about -10.97% over that past 30 days.
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Clover Health Investments Corp has a market cap of $1.75 billion and is expected to release its quarterly earnings report in December.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 348.02M, with a low of 343.9M and a high of 353.22M. The median projection represents growth adding up to -31.79% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.38B, or -32.04% down from figures reported last year.
On the other hand, looking at the outlook for the CLOV stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Clover Health Investments Corp (CLOV) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -3.62% off its SMA20 and -2.89% from its 50-day simple moving average. The RSI (14) is pointing at 48.37 while the volatility over the past week is 3.88% and jumps to 5.76% over the past one month. The beta value is 1.97, while the average true range (ATR) is currently pointing at 0.22. The average price target for the stock over the next 12 months is $2.15, with the estimates having a low of $1.8 and a high of $2.5. These price ends are 48.42% and 28.37% off the current price level respectively, although investors could be excited at the prospect of a 38.4% if the CLOV share price touches on the median price of $2.15.
Coming back to Clover Health Investments Corp (NASDAQ:CLOV), we note that the average 3-month trading volume was 8.30 million, while that of the preceding 10-day period stands at 6.1 million. Current shares outstanding are 393.27 million.
The insiders hold 24.78% of the company’s shares while institutions hold 16.38%. The data shows that short shares as of 2024-10-31, stood at 18.33 million at a short ratio of 2.08. This represents a 452.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 25.51 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 266.56% up in year-to-date price movement.
