Clover Health Investments Corp [NASDAQ: CLOV] traded at a high on Monday, posting a 1.23 gain after which it closed the day’ session at $4.12.
The results of the trading session contributed to over 7024518 shares changing hands. Over the past one week, the price volatility of Clover Health Investments Corp stands at 6.15% while the volatility over the past one month is 7.91%.
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The market cap for CLOV stock reached $2.05 billion, with 393.27 million shares outstanding and 375.66 million shares in the current float. Compared to the average trading volume of 8.69M shares, CLOV reached a trading volume of 7024518 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Clover Health Investments Corp [CLOV]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLOV shares is $3.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLOV stock is a recommendation set at 2.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Clover Health Investments Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 07, 2024. While these analysts kept the previous recommendation, Cowen dropped their target price from $7 to $3. The new note on the price target was released on February 02, 2022, representing the official price target for Clover Health Investments Corp stock. Previously, the target price had yet another raise to $6, while Canaccord Genuity analysts kept a Buy rating on CLOV stock.
The Average True Range (ATR) for Clover Health Investments Corp is set at 0.28, with the Price to Sales ratio for CLOV stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 6.11.
How has CLOV stock performed recently?
Clover Health Investments Corp [CLOV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.65. With this latest performance, CLOV shares gained by 37.79% in over the last four-week period, additionally plugging by 547.60% over the last 6 months – not to mention a rise of 303.92% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLOV stock in for the last two-week period is set at 71.71, with the RSI for the last a single of trading hit 75.01, and the three-weeks RSI is set at 69.53 for Clover Health Investments Corp [CLOV]. The present Moving Average for the last 50 days of trading for this stock 2.93, while it was recorded at 3.96 for the last single week of trading, and 1.49 for the last 200 days.
Clover Health Investments Corp [CLOV]: Deeper insight into the fundamentals
Clover Health Investments Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.69.
Earnings analysis for Clover Health Investments Corp [CLOV]
With the latest financial reports released by the company, Clover Health Investments Corp posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLOV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Clover Health Investments Corp go to 19.10%.
Insider trade positions for Clover Health Investments Corp [CLOV]
There are presently around $18.15%, or 19.00%% of CLOV stock, in the hands of institutional investors. The top three institutional holders of CLOV stocks are: VANGUARD GROUP INC with ownership of 17.35 million shares, which is approximately 3.5662%. RENAISSANCE TECHNOLOGIES LLC, holding 11.27 million shares of the stock with an approximate value of $$13.86 million in CLOV stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $$11.73 million in CLOV stock with ownership which is approximately 1.9613%.
