Clover Health Investments Corp. (NASDAQ:CLOV) went up by 1.39% from its latest closing price compared to the recent 1-year high of $17.45. The company’s stock price has collected -8.58% of loss in the last five trading sessions. Press Release reported on 02/20/21 that Clover Health Class Action Reminder
Is It Worth Investing in Clover Health Investments Corp. (NASDAQ :CLOV) Right Now?
Opinions of the stock are interesting as 2 analysts out of 3 who provided ratings for Clover Health Investments Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $16.67. CLOV currently public float of 86.68M and currently shorts hold a 14.72% ratio of that float. Today, the average trading volume of CLOV was 14.86M shares.
CLOV’s Market Performance
CLOV stocks went down by -8.58% for the week, with a monthly drop of -20.03% and a quarterly performance of 9.80%. The volatility ratio for the week stands at 6.26% while the volatility levels for the past 30 days are set at 8.66% for Clover Health Investments Corp.. The simple moving average for the period of the last 20 days is -16.10% for CLOV stocks with a simple moving average of -4.93% for the last 200 days.
Analysts’ Opinion of CLOV
Many brokerage firms have already submitted their reports for CLOV stocks, with Citigroup repeating the rating for CLOV by listing it as a “Buy.” The predicted price for CLOV in the upcoming period, according to Citigroup is $19 based on the research report published on February 02nd of the current year 2021.
JP Morgan, on the other hand, stated in their research note that they expect to see CLOV reach a price target of $15. The rating they have provided for CLOV stocks is “Neutral” according to the report published on February 01st, 2021.
CLOV Trading at -18.24% from the 50-Day Moving Average
After a stumble in the market that brought CLOV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.08% of loss for the given period.
Volatility was left at 8.66%, however, over the last 30 days, the volatility rate increased by 6.26%, as shares sank -19.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.37% upper at present.
During the last 5 trading sessions, CLOV fell by -8.58%, in comparison to the 20-day moving average, which settled at $12.96. In addition, Clover Health Investments Corp. saw -34.53% in overturn over a single year, with a tendency to cut further losses.