With 4.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.57 million shares. During the session, the Healthcare Plans company that operates in wider Healthcare sector, reached to the highest price of $3.08 whereas the lowest price it dropped to was $2.99. The 52-week range on CLOV shows that it touched its highest point at $4.71 and its lowest point at $0.61 during that stretch. It currently has a 1-year price target of $4.23. Beta for the stock currently stands at 1.96.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CLOV was down-trending over the past week, with a drop of -10.85%, but this was down by -27.27% over a month. Three-month performance dropped to -4.40% while six-month performance rose 241.57%. The stock gained 198.04% in the past year, while it has gained 219.29% so far this year. A look at the trailing 12-month EPS for CLOV yields -0.19 with Next year EPS estimates of -0.14. For the next quarter, that number is -0.07. This implies an EPS growth rate of 73.31% for this year and -16.46% for next year. EPS is expected to grow by 19.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -585.84%.
Float and Shares Shorts:
At present, 393.27 million CLOV shares are outstanding with a float of 376.94 million shares on hand for trading. On 2024-10-31, short shares totaled 18.33 million, which was 366.0 higher than short shares on 1727654400. In addition to Mr. Vivek Garipalli as the firm’s Co-Founder & Executive Chairman, Mr. Andrew Toy serves as its Co-Founder, CEO & Director.
Institutional Ownership:
Through their ownership of 0.20127001 of CLOV’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CLOV reported revenue of $330986000.0 and operating income of -$9323000.0. The EBITDA in the recently reported quarter was -$8984000.0 and diluted EPS was -$0.02.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CLOV since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CLOV analysts setting a high price target of 4.5 and a low target of 4.0, the average target price over the next 12 months is 4.23333. Based on these targets, CLOV could surge 48.03% to reach the target high and rise by 31.58% to reach the target low. Reaching the average price target will result in a growth of 39.25% from current levels.
Analysts have provided yearly estimates in a range of -$0.11586 being high and -$0.12069 being low. For CLOV, this leads to a yearly average estimate of -$0.11811.
