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Clover Health Investments (CLOV)
NASDAQ:CLOV
RESEARCH TOOLSreports
Clover Health Investments (CLOV) Stock Price & Analysis
2,837 Followers
CLOV Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$0.61 - $1.74
Previous Close$1.73
Volume5.04M
Average Volume (3M)5.93M
Market Cap
$858.84M
Enterprise Value$520.82M
Total Cash (Recent Filing)$342.35M
Total Debt (Recent Filing)$4.34M
Price to Earnings (P/E)―
Beta2.12
Next Earnings
Aug 06, 2024EPS Estimate
-$0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.33
Shares Outstanding496,437,463
10 Day Avg. Volume6,920,217
30 Day Avg. Volume5,928,258
Standard Deviation0.28
R-Squared0.17
Alpha-0.05
Financial Highlights & Ratios
Price to Book (P/B)2.14
Price to Sales (P/S)0.25
Price to Cash Flow (P/CF)6.00
P/FCF Ratio6.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.28
Enterprise Value/Gross Profit2.02
Enterprise Value/Ebitda-3.02
Forecast
1Y Price Target
$1.33Price Target Upside-22.67% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Clover Health Investments News
PremiumCompany Announcements
Clover Health Launches Counterpart Assistant, Expands Market Reach
Bulls Say, Bears Say
Bulls Say
Financial PerformanceReported revenues of $346.9M beat consensus by 8% and estimate by 9.8%.
Product CommercializationClover Health announced that its clinical decision support technology, Clover Assistant, will be commercialized to external payers and providers under the brand name Counterpart Assistant.
Profitability OutlookClover now expects to cross over into adj-EBITDA profitability in 2024, encouraged by the potential of Counterpart Health to drive further profitability.
Bears Say
Claims VisibilityLimited claims visibility inherently limits confidence on the sustainability of margin.
Membership DeclineCLOV experienced further membership declines of 5% y/y.
Unpaid ClaimsUnpaid claims rose from $137.1M at the end of 2023 to $237.5 million in 1Q'24.
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Ownership Overview
23.80% Insiders
9.19% Mutual Funds
5.33% Other Institutional Investors
61.67% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CLOV FAQ
What was Clover Health Investments’s price range in the past 12 months?
Clover Health Investments lowest stock price was $0.61 and its highest was $1.74 in the past 12 months.
What is Clover Health Investments’s market cap?
Currently, no data Available
When is Clover Health Investments’s upcoming earnings report date?
Clover Health Investments’s upcoming earnings report date is Aug 06, 2024 which is in 19 days.
How were Clover Health Investments’s earnings last quarter?
Clover Health Investments released its earnings results on May 07, 2024. The company reported -$0.05 earnings per share for the quarter, beating the consensus estimate of -$0.072 by $0.022.
Is Clover Health Investments overvalued?
According to Wall Street analysts Clover Health Investments’s price is currently Overvalued.
Does Clover Health Investments pay dividends?
Clover Health Investments does not currently pay dividends.
What is Clover Health Investments’s EPS estimate?
Clover Health Investments’s EPS estimate is -$0.05.
How many shares outstanding does Clover Health Investments have?
Clover Health Investments has 406,788,100 shares outstanding.
What happened to Clover Health Investments’s price movement after its last earnings report?
Clover Health Investments reported an EPS of -$0.05 in its last earnings report, beating expectations of -$0.072. Following the earnings report the stock price went up 17.568%.
Which hedge fund is a major shareholder of Clover Health Investments?
Among the largest hedge funds holding Clover Health Investments’s share is GMT Capital Corp. It holds Clover Health Investments’s shares valued at 1M.
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Clover Health Investments Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$1.33 (-22.67% Downside)
$1.33 (-22.67% Downside)
Blogger Sentiment
Bullish
CLOV Sentiment 66%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 1.3M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $1.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.4%
Last 30 Days ▲ 6.2%
Last 30 Days ▲ 6.2%
Technicals
SMA
Positive
20 days / 200 days
Momentum
73.34%
12-Months-Change
Fundamentals
Return on Equity
-53.26%
Trailing 12-Months
Asset Growth
-53.79%
Trailing 12-Months
Company Description
Clover Health Investments
Clover Health Investments Corp is a healthcare technology company. It uses its proprietary technology platform to collect, structure, and analyze health and behavioral data to improve medical outcomes and lower costs for patients.
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CLOV Company Deck
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CLOV Earnings Call
Q1 2024
0:00 / 0:00
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CLOV Stock 12 Month Forecast
Average Price Target
$1.33
▼(-22.67% Downside)
Technical Analysis
Best Analysts Covering CLOV
1 Year
1 Year Success Rate
4/8 ratings generated profit
1 Year Average Return
+28.85%
reiterated a buy rating 2 months ago
Copying Richard Close's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +28.85% per trade.
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