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Clover Health Investments Corp (CLOV) Stock: A Year of Market Fluctuations

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Clover Health Investments Corp’s current trading price is -22.94% away from its 52-week high, while its distance from the 52-week low is 385.15%. The stock’s price range during this period has varied between $0.61 and $3.82. The company, active in the Healthcare sector, saw a trading volume of around 3.63 million for the day, considerably lower average daily volume of 7.43 million observed over the last three months.

The stock market performance of Clover Health Investments Corp has been very steady. Over the last year, the company’s stock hit its highest at $3.82 on 08/22/24, while the lowest price during the same time frame was $0.61, recorded on 04/22/24.

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How Financial Performance Impacts Market Capitalization

Clover Health Investments Corp (CLOV) has experienced a quarterly rise of 124.43% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.46B and boasts a workforce of 552 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.76, with a change in price of +2.28. Similarly, Clover Health Investments Corp recorded 7,416,100 in trading volume during the last 100 days, posting a change of +355.04%.

How CLOV’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CLOV stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.

CLOV Stock Stochastic Average

As of today, the raw stochastic average of Clover Health Investments Corp over the past 50 days is 61.56%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 49.74%. Additionally, the Stochastic %K and %D values for the company were 45.18% and 42.75%, respectively, over the past 20 days.

CLOV Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price gain of 208.79% this year. Over the last six months, there has been a weaker performance of 271.68%. The price of CLOV leaped by -11.98% during the last 30 days period. For the last 5-days stocks have slided -4.85%.

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