A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Clover Health Investments Corp’s current trading price is -8.07% away from its 52-week high, while its distance from the 52-week low is 614.52%. The stock’s price range for this time frame has been between $0.61 and $4.71. The trading volume of the company’s shares in the Healthcare reached around 6.42 million for the day, which was evidently lower than the average daily volume of 9.28 million over the last three months.
In terms of market performance, Clover Health Investments Corp had a somewhat regular. The highest value for the stock in the past year was $4.71 on 10/17/24, while the lowest value was $0.61 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 136.61% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.20B 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 2.58, with a change in price of +3.28. Similarly, Clover Health Investments Corp recorded 7,671,201 in trading volume during the last 100 days, posting a change of +312.38%.
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
The raw stochastic average for Clover Health Investments Corp over the last 50 days is presently at 83.15%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 65.14%. Further, the company’s Stochastic %K and %D values for the last 20 days were 54.74% and 52.05%, respectively.
CLOV Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The metric has seen a significant gain of 354.78% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 501.31%. Over the past 30 days, the price of CLOV has fallen by 7.18%. And in the last five days, it has surged by 7.71%.