Clover Health Investments, Corp. (NASDAQ:CLOV – Get Free Report)’s stock price dropped 5.4% during mid-day trading on Friday . The stock traded as low as $1.22 and last traded at $1.23. Approximately 3,292,531 shares traded hands during trading, a decline of 59% from the average daily volume of 8,041,356 shares. The stock had previously closed at $1.30.
Clover Health Investments Stock Performance
The company has a 50-day moving average of $0.95 and a 200 day moving average of $0.91.
Clover Health Investments (NASDAQ:CLOV – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping 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 company had revenue of $346.92 million for the quarter, compared to analysts’ expectations of $316.10 million. As a group, equities research analysts predict that Clover Health Investments, Corp. will post -0.21 EPS for the current year.
Institutional Trading of Clover Health Investments
About Clover Health Investments
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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