Clover Health Investments, Corp. (NASDAQ:CLOV – Get Free Report)’s stock price rose 5.4% during mid-day trading on Monday . The company traded as high as $1.78 and last traded at $1.76. Approximately 7,017,540 shares traded hands during trading, a decline of 5% from the average daily volume of 7,412,890 shares. The stock had previously closed at $1.67.
Clover Health Investments Price Performance
The firm has a 50-day moving average of $1.34 and a 200 day moving average of $1.02. The company has a market capitalization of $933.30 million, a PE ratio of -5.51 and a beta of 2.10.
Clover Health Investments (NASDAQ:CLOV – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. Clover Health Investments had a negative net margin of 8.63% and a negative return on equity of 48.07%. The firm had revenue of $346.92 million during the quarter, compared to analysts’ expectations of $316.10 million. Equities analysts expect that Clover Health Investments, Corp. will post -0.21 EPS for the current year.
Hedge Funds Weigh In On Clover Health Investments
Clover Health Investments Company Profile
Clover Health Investments, Corp. provides medicare advantage plans in the United States. It operates through two segments: Insurance and Non-Insurance. It also offers Clover Assistant, a cloud-based software platform, that enables physicians to detect, identify, and manage chronic diseases earlier; and access to data-driven and personalized insights for the patients they treat.
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