Clover Health Investments Corp [NASDAQ: CLOV] traded at a low on Tuesday, posting a -3.08 loss after which it closed the day’ session at $2.83.
The results of the trading session contributed to over 5246956 shares changing hands. Over the past one week, the price volatility of Clover Health Investments Corp stands at 1.79% while the volatility over the past one month is 2.27%.
The market cap for CLOV stock reached $1.44 billion, with 388.51 million shares outstanding and 382.10 million shares in the current float. Compared to the average trading volume of 5.70M shares, CLOV reached a trading volume of 5246956 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 $4.69 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 2.00. 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.
Craig Hallum have made an estimate for Clover Health Investments Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 17, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on October 07, 2024, representing the official price target for Clover Health Investments Corp stock. Previously, the target price had yet another drop from $7 to $3, while Cowen kept a Market Perform rating on CLOV stock.
The Average True Range (ATR) for Clover Health Investments Corp is set at 0.13, with the Price to Sales ratio for CLOV stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 4.05.
How has CLOV stock performed recently?
Clover Health Investments Corp [CLOV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.35. With this latest performance, CLOV shares dropped by -20.28% in over the last four-week period, additionally sinking by -5.67% over the last 6 months – not to mention a rise of 174.76% in the past year of trading.
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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 1.54.
Insider trade positions for Clover Health Investments Corp [CLOV]
The top three institutional holders of CLOV stocks are: VANGUARD GROUP INC with ownership of 17.35 million shares, which is approximately 3.5581%. 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 1.9568%.
