Clover Health Investments Corp [CLOV] stock prices are up 1.94% to $4.20 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CLOV shares have gain 7.14% over the last week, with a monthly amount glided 5.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Clover Health Investments Corp [NASDAQ: CLOV] stock has seen the most recent analyst activity on October 07, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $4. Previously, Cowen upgraded its rating to Market Perform on February 02, 2022, and dropped its price target to $3. On February 02, 2022, Canaccord Genuity initiated with a Buy rating and assigned a price target of $6 on the stock. SVB Leerink started tracking the stock assigning a Mkt Perform rating and suggested a price target of $3 on January 19, 2022. Credit Suisse downgraded its rating to Underperform for this stock on January 07, 2022, and downed its price target to $3.50. In a note dated September 10, 2021, Cowen initiated an Underperform rating and provided a target price of $7 on this stock.
The stock price of Clover Health Investments Corp [CLOV] has been fluctuating between $0.61 and $4.71 over the past year. Currently, Wall Street analysts expect the stock to reach $2.15 within the next 12 months. Clover Health Investments Corp [NASDAQ: CLOV] shares were valued at $4.20 at the most recent close of the market. An investor can expect a potential drop of -48.81% based on the average CLOV price forecast.
Analyzing the CLOV fundamentals
The Clover Health Investments Corp [NASDAQ:CLOV] reported sales of 1.69B for trailing twelve months, representing a drop of -30.64%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.4 and Total Capital is -0.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.11 points at the first support level, and at 4.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.29, and for the 2nd resistance point, it is at 4.39.
Ratios To Look Out For
It’s worth pointing out that Clover Health Investments Corp [NASDAQ:CLOV]’s Current Ratio is 1.69. Considering the valuation of this stock, the price to sales ratio is 1.26, the price to book ratio is 6.23.
Transactions by insiders
Recent insider trading involved Garipalli Vivek, Director, that happened on Aug 09 ’24 when 0.53 million shares were purchased. Director, Garipalli Vivek completed a deal on Jun 17 ’24 to buy 0.88 million shares. Meanwhile, Director Loengard Anna U bought 17085.0 shares on May 16 ’24.
