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Wednesday, February 1, 2023

Clover Health Investments Corp. (CLOV): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Clover Health Investments Corp. (CLOV) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 2.61%, to $1.18. The Clover Health Investments Corp. has recorded 228,664 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Clover Health Provides Business Update and Issues Partial Guidance for Full-Year 2023.

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Stocks Info

This NASDAQ-listed company operates within the Healthcare Plans industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $1.15 and fluctuated between $1.1700 as its day high and $1.0900 as its day low. The current market capitalization of Clover Health Investments Corp. is $503.38M. A total of 6.76 million shares were traded on the day, compared to an average of 7.25M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CLOV has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 12,665 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 0 SELLs from insiders. Insiders purchased 14,813,675 shares during that period but sold 0.

In the most recent transaction, SHAPIRO LEE bought 80,000 shares of CLOV for 3.10 per share on Mar 11. After the transaction, the Director now owns 107,100 company shares. In a previous transaction on Mar 03, Clinton Chelsea bought 100,000 shares at 2.53 per share. CLOV shares that Director owns now total 100,000.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CLOV in the last 3 months, the mean price target is $2.05 with high estimates of $4.00 and low estimates of $1.25. In terms of 52-week highs and lows, CLOV has a high of $3.90 and a low of $0.86.

As of this writing, CLOV has an earnings estimate of -$0.24 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.36. The company reported an EPS of -$0.16 in the last quarter, which was 40.70% higher than expectations of -$0.27.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CLOV is Overweight with a score of 3.20. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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