Clover Health Investments Corp (NASDAQ:CLOV) does about 7.17M shares in volume on a normal day but saw 5312240 shares change hands in Monday trading. The company now has a market cap of 570.91M USD. Its current market price is $1.15, marking an increase of 5.50% compared to the previous close of $1.09. The 52 week high reached by this stock is $1.63 whilst the lowest price level in 52 weeks is $0.61.
Clover Health Investments Corp (CLOV) has a 20-day trading average at $1.0519 and the current price is -29.45% off the 52-week high compared with 89.77% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8604 and its 200-day simple moving average is $0.9451. If we look at the stock’s price movements over the week, volatility stands at 7.29%, which increases to 7.88% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.66 to suggest the stock is neutral.
The consensus objective for the share price is $1.33, suggesting that the stock has a potential upside of 13.53% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 02, 2022 when Cowen upgraded the stock to “Market Perform” and issued a price target of between $7 and $3. SVB Leerink initiated its price target at $3.
Clover Health Investments Corp (CLOV) stock is up 16.69% over the week and 23.14% over the past month. Its price is 20.79% year-to-date and 15.61% over the past year.
To reach the target analysts have set, the stock logically needs to grow 13.53 percent from here.
The company has a return on investment of -54.18% and return on equity of -53.26%. The beta has a value of 2.10. Price to book ratio is 1.90 and price to sales ratio is 0.31.
