Clover Health Investments Corp (NASDAQ:CLOV) shares, rose in value on Wednesday, March 26, with the stock price down by -3.62% to the previous day’s close as strong demand from buyers drove the stock to $3.73.
Actively observing the price movement in the last trading, the stock closed the session at $3.87, falling within a range of $3.7 and $3.9. The value of beta (5-year monthly) was 2.011. Referring to stock’s 52-week performance, its high was $4.87, and the low was $0.61. On the whole, CLOV has fluctuated by -13.86% over the past month.
With the market capitalization of Clover Health Investments Corp currently standing at about $1.91 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.86B, with a low estimate of 460.57M and a high estimate of 476.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 466.93M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CLOV’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of CLOV currently trading nearly 0.67% and -9.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.29, while the 7-day volatility ratio is showing 4.31% which for the 30-day chart, stands at 7.08%. Furthermore, Clover Health Investments Corp (CLOV)’s beta value is 2.00, and its average true range (ATR) is 0.23.
A comparison of Clover Health Investments Corp (CLOV) with its peers suggests the former has fared considerably weaker in the market. CLOV showed an intraday change of -3.62% in last session, and over the past year, it grew by 354.21%%.
Data on historical trading for Clover Health Investments Corp (NASDAQ:CLOV) indicates that the trading volumes over the past 10 days have averaged 5.02 and over the past 3 months, they’ve averaged 6.12 million. According to company’s latest data on outstanding shares, there are 395.74 million shares outstanding.
Nearly 25.06% of Clover Health Investments Corp’s shares belong to company insiders and institutional investors own 18.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.14 million shares as on 2025-03-14, resulting in a short ratio of 1.99. According to the data, the short interest in Clover Health Investments Corp (CLOV) stood at 319.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 15.33 million. The stock has risen by 18.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CLOV stock heading into the next quarter.
