Currently, there are 381.93M common shares owned by the public and among those 369.53M shares have been available to trade.
Insiders at the company have transacted a total of 33 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 5,238,787 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 1,913,771 shares.
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However, the script later moved the day high at 0.9897, down -3.68%. The company’s stock has a 5-day price change of -6.25% and -8.06% over the past three months. CLOV shares are trading 0.43% year to date (YTD), with the 12-month market performance down to -18.27% lower. It has a 12-month low price of $0.71 and touched a high of $1.63 over the same period. CLOV has an average intraday trading volume of 7.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.56%, -1.73%, and -7.67% respectively.
Institutional ownership of Clover Health Investments Corp (NASDAQ: CLOV) shares accounts for 19.88% of the company’s 381.93M shares outstanding.
It has a market capitalization of $466.28M and a beta (3y monthly) value of 1.92. The earnings-per-share (ttm) stands at -$0.47. The company has a debt-to-equity ratio at 0.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.32% over the week and 4.65% over the month.
Analysts forecast that Clover Health Investments Corp (CLOV) will achieve an EPS of -$0.14 for the current quarter, -$0.07 for the next quarter and -$0.18 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.18 while analysts give the company a high EPS estimate of -$0.1. Comparatively, EPS for the current quarter was -$0.17 a year ago. Earnings per share for the fiscal year are expected to increase by 41.55%, and 56.67% over the next financial year.
Looking at the support for the CLOV, a number of firms have released research notes about the stock. Cowen stated their Market Perform rating for the stock in a research note on February 02, 2022, with the firm’s price target at $7-$3. Canaccord Genuity coverage for the Clover Health Investments Corp (CLOV) stock in a research note released on February 02, 2022 offered a Buy rating with a price target of $6. SVB Leerink was of a view on January 19, 2022 that the stock is Mkt Perform, while Citigroup gave the stock Neutral rating on January 10, 2022, issuing a price target of $9- $3.50. Credit Suisse on their part issued Underperform rating on January 07, 2022.
