Let’s start up with the current stock price of Clover Health Investments Corp. (CLOV), which is $7.73 to be very precise. The Stock rose vividly during the last session to $7.96 after opening rate of $7.853 while the lowest price it went was recorded $7.64 before closing at $7.90.Recently in News on September 22, 2021, CMS Approves Clover Health’s Expansion Plans for 2022. Expansion marks Clover’s entry into Alabama and nearly doubles company’s geographic footprint based on number of counties. You can read further details here
Clover Health Investments Corp. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $28.85 on 06/09/21, with the lowest value was $6.31 for the same time period, recorded on 03/05/21.
Clover Health Investments Corp. (CLOV) full year performance was -33.65%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Clover Health Investments Corp. shares are logging -73.21% during the 52-week period from high price, and 22.50% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $6.31 and $28.85.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 15246774 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Clover Health Investments Corp. (CLOV) recorded performance in the market was -53.91%, having the revenues showcasing -40.40% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.00B, as it employees total of 458 workers.
Specialists analysis on Clover Health Investments Corp. (CLOV)
During the last month, 0 analysts gave the Clover Health Investments Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 9.38, with a change in the price was noted -1.33. In a similar fashion, Clover Health Investments Corp. posted a movement of -14.68% for the period of last 100 days, recording 45,205,789 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CLOV is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.06.
Trends and Technical analysis: Clover Health Investments Corp. (CLOV)
Raw Stochastic average of Clover Health Investments Corp. in the period of last 50 days is set at 8.60%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 2.58%. In the last 20 days, the company’s Stochastic %K was 4.18% and its Stochastic %D was recorded 3.86%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -53.91%. Additionally, trading for the stock in the period of the last six months notably improved by 1.84%, alongside a downfall of -33.65% for the period of the last 12 months. The shares increased approximately by -6.98% in the 7-day charts and went up by -11.45% in the period of the last 30 days. Common stock shares were lifted by -40.40% during last recorded quarter.