How to Buy Clover Health Investments Stock
Clover Health Investments Corp
Clover Health Investments, Corp. operates as a medicare advantage insurer in the United States.
Clover Health Investments stock last closed at $0.91, down 3.1% from the previous day, and has decreased 73.59% in one year. It has underperformed other stocks in the Healthcare Plans industry by 0.69 percentage points. Clover Health Investments stock is currently +5.35% from its 52-week low of $0.86, and -76.77% from its 52-week high of $3.90.
At the moment, there are 479.55M shares of CLOV outstanding. The market capitalization of CLOV is $434.47M. In the last 24 hours, 8.57M CLOV shares were traded.
How to Buy Clover Health Investments Stock
Not sure how to invest in Clover Health Investments stock? Here's how.
- Choose where to buy Clover Health Investments stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Clover Health Investments stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Choose your method of payment and add your information.
- Evaluate Clover Health Investments stock: The Clover Health Investments ticker symbol is CLOV. Is Clover Health Investments stock a good investment? Should you buy shares of CLOV? How do CLOV's underlying business fundamentals look? Do top analysts think Clover Health Investments is a good buy? Why has CLOV's stock price moved recently? (Hint: Our stock research website can help you understand if CLOV is a good stock to buy).
- Execute your CLOV purchase: Decide if you will purchase CLOV shares at the current market price or use a limit order to buy CLOV shares at a particular price.
- Monitor your CLOV investment: Create a watchlist to important notifications about your new investment in Clover Health Investments shares.
Step 1: Choose where to buy Clover Health Investments stock
You need a brokerage account to access the NASDAQ market and buy CLOV stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, it's time to fill out some personal details so you can buy CLOV today.
How to Create a New Brokerage Account on eToro
- Click here to get started.
- Provide your personal details to start a new brokerage account.
- Send your details by hitting the "Create Account" button.
Step 3: Put funds into your investment account
Now that you have filled out your info on apps for stock market, you need to deposit funds:
Watch this video walkthrough to see the process of transferring money into your new investment account.
Step 4: Evaluate Clover Health Investments stock
After you have identified the best place to buy Clover Health Investments stock, it's very important to evaluate their stock before you invest, so you truly wrap your head around the risk as well as the opportunity.
Clover Health Investments quick stats
CLOV Zen Score
WallStreetZen was built to help everyday investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CLOV's stock page.
How is CLOV stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge CLOV's intrinsic value.
Using relative valuations metrics:
- CLOV could be undervalued based on its P/B ratio of 1.25x, relative to Healthcare Plans industry P/B ratio of 3.08x
You can do additional valuation research on CLOV's stock here.
CLOV Financial Health Summary
Pros:
- CLOV has cash burn of 208393000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the CLOV balance sheet.
- CLOV profit margin has gone up from -39.9% to -9.7% in the past year.
- There are more short-term assets than long-term liabilities on the CLOV balance sheet.
Cons:
- CLOV has a relatively high debt to equity ratio of 1.33.
- CLOV has $334.76M in cash and short term investments. This is not sufficient to cover its annual cash burn of $208.39M.
Is Clover Health Investments stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 4 Equities analysts who give forecasts on CLOV, the consensus analyst rating on Clover Health Investments is a Hold
Please note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent CLOV Analyst Forecasts
Richard Close, a bottom 6% analyst from Canaccord Genuity maintains CLOV with a strong buy rating and lowers their CLOV price target from $4.00 to $3.00, on Mar 6, 2023.
Jonathan Yong, a bottom 10% analyst from Credit Suisse maintains CLOV with a sell rating and lowers their CLOV price target from $2.50 to $1.25, on Mar 6, 2023.
Jason Cassorla, a bottom 11% analyst from Citigroup maintains CLOV with a hold rating and lowers their CLOV price target from $3.50 to $1.80, on Nov 16, 2022.
Whit Mayo, a top 23% analyst from SVB Leerink maintains CLOV with a hold rating and lowers their CLOV price target from $3.00 to $1.50, on Nov 8, 2022.
You can dive deeper into what analysts are projecting on the Clover Health Investments stock forecast page.
CLOV Technical Indicators
CLOV Earnings
Last year, CLOV revenue was $3.48B. During the past 4 year, CLOV's revenue has grown by 85.98% per year. This was faster than the Healthcare Plans industry average of 13.76%.
You can research CLOV's earnings and revenue performance here.
Latest Insiders Trades at CLOV
Over the last 12 months, executives and large shareholders at CLOV have not bought or sold any shares.
Research more about who owns CLOV stock here.
Can I get consistent income from CLOV stock?
No, Clover Health Investments doesn't provide an income stream by paying out dividends.
What others are saying about CLOV
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your CLOV purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, place a limit order.
Press the Open button and your broker will place your order.
If you want more help with buying stocks on eToro, watch the how to video below:
Step 6: Monitor your CLOV investment
Now that you own some shares in CLOV, you'll want to stay up-to-date on your new stock purchase.
Put CLOV on a watchlist to see the latest developments about your CLOV stock.
CLOV Feed
How to Buy Stock in Clover Health Investments
To summarize, here are the 6 steps to buy stock in Clover Health Investments:
- Choose where to buy Clover Health Investments stock
- Open your brokerage account
- Put funds into your investment account
- Evaluate Clover Health Investments stock
- Execute your CLOV purchase
- Monitor your CLOV investment
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Clover Health Investments, add CLOV to your watchlist below.
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