Clover Health Investments Corp (NASDAQ:CLOV) price closed higher on current market day and jumping 0.34% above its previous close.
A look at the daily price movement shows that the last close reads $2.98. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.87 and 52-week low of $0.90. The stock subtracted -14.81% on its value in the past month.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned CLOV a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Clover Health Investments Corp (CLOV) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that CLOV’s price is at present -7.94% off the SMA20 and -12.13% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 34.91, with weekly volatility standing at 1.76%. The indicator jumps to 2.69% when calculated based on the past 30 days. Clover Health Investments Corp (NASDAQ:CLOV)’s beta value is holding at 1.92, while the average true range (ATR) indicator is currently reading 0.14. Considering analysts have assigned the stock a price target range of $6-$6 as the low and high respectively, we find the trailing 12-month average consensus price target to be $6. Based on this estimate, we see that current price is roughly -100.67% off the estimated low and -100.67% off the forecast high. Investors will no doubt be excited to see the share price fall to $6, which is the median consensus price, and at that level CLOV would be -100.67% from current price.
Current records show that the company has 388.51M in outstanding shares. The insiders’ percentage holdings are 24.92% of outstanding shares while the percentage share held by institutions stands at 20.90%. But the -5.08% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
