Clover Health Investments Corp. (NASDAQ: CLOV) is -48.60% lower on its value in year-to-date trading and has touched a low of $6.31 and a high of $17.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CLOV stock was last observed hovering at around $9.67 in the last trading session, with the day’s loss setting it -1.05% off its average median price target of $14.00 for the next 12 months. It is also 42.53% off the consensus price target high of $15.00 offered by 4 analysts, but current levels are 13.8% higher than the price target low of $10.00 for the same period.
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Currently trading at $8.62, the stock is 9.10% and -5.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 41.38 million and changing -10.86% at the moment leaves the stock -21.43% off its SMA200. CLOV registered a loss of -19.29% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $8.85 and a 200-day simple moving average (SMA200) of $11.24.
The stock witnessed a 1.29% gain in the last 1 month and extending the period to 3 months gives it a -37.31%, and is 10.37% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 16.21% over the week and 10.05% over the month.
Clover Health Investments Corp. (CLOV) has around 458 employees, a market worth around $2.92B and $690.02M in sales. Distance from 52-week low is 36.61% and -50.60% from its 52-week high.
Clover Health Investments Corp. (CLOV) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Clover Health Investments Corp. (CLOV) is a “Overweight”. 4 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Clover Health Investments Corp. is expected to release its quarterly report on 09/01/2021 and quarterly earnings per share for the current quarter are estimated at -$0.84 with sales reaching $166.23M over the same period..
Clover Health Investments Corp. (CLOV) Top Institutional Holders
119 institutions hold shares in Clover Health Investments Corp. (CLOV), with 100.45M shares held by insiders accounting for 24.84% while institutional investors hold 47.01% of the company’s shares. The shares outstanding are 145.35M, and float is at 107.57M with Short Float at 35.79%. Institutions hold 35.34% of the Float.