Why Clover Health might not bring you good luck?
Health insurer Clover Health Investments ... It even admits it doesn't really know if Clover Assistant actually helps. "We may not fully understand the impact of the Clover Assistant on our ...
Is Clover Health a buy?
What's exciting about Clover Health. At the moment, the biggest reason Clover Health is an interesting insurance stock that might be worth a buy is that it's raking in revenue. In Q3, the company ...
Is Clover Health stock a buy?
Wall Street analysts have rated the stock a hold, on average. Of the seven analysts tracked by SA over the past 90 days, one rated the stock a strong buy, three a hold and three a sell. SA authors have rated it a buy, on average. SA’s Quant rating, however, is a strong sell.
Should I buy Clov?
The consensus among . 5 Wall Street analysts covering (NASDAQ: CLOV) stock is to Hold CLOV stock. Out of 5 analysts, 1 ( 20% ) are recommending CLOV as a Strong Buy, 0 ( 0% ) are recommending CLOV as a Buy, 4 ( 80% ) are recommending CLOV as a Hold, 0 ( 0% ) are recommending CLOV as a Sell, and 0 ( 0% ) are recommending CLOV as a Strong Sell.
What is going on with clover health investments?
Clover projects continuing fast growth in membership as well as operating losses for its full-year 2021 and 2022 reports. Higher member numbers would bring cost efficiencies and contribute to net earnings, which is a big mover of any stock price.
Is Clover health investments a buy?
Its 160% Revenue Growth Says Yes. By some measures Clover Health Investments (NASDAQ:CLOV) was a big deal Tuesday.
Is Clover a good long term investment?
Clover has proven to be a strong revenue generator in the Medicare Advantage market, which has the potential to reach billions of dollars in size. Even if other sectors of the economy contract, the Medicare Advantage may continue to see steady growth. Figure 2: Medicare enrollment and penetration change by year.
Why is Clover Health so low?
The company stated that the main reason for the lower forecast is “higher than anticipated terminations” during the healthcare insurance election period. HUM stock fell by as much as 21% after the news, representing its largest intraday loss in 13 years.
Is Clover Health undervalued?
Clover Health Investments shows a prevailing Real Value of $3.02 per share. The current price of the firm is $2.12. Based on Macroaxis valuation methodology, the firm appears to be undervalued.
Is Clover Health profitable?
The announcement that Clover Health is seeking outside investment comes after the startup posted a $578.8 million loss last year. The company lost more than $4,500 per member in 2021, the most among for-profit, publicly traded health insurers.
Is Clover a long term stock?
As a result, Clover Health may be a solid long-term growth stock worth investing in.
Will Clover Health be successful?
For full-year 2022, Clover Health offered optimistic total revenue guidance, expecting to exceed $3 billion. Medicare Advantage membership is expected to contribute to the company's success, with an anticipated 2022 average growth rate of 26% to 27% versus to the 2021 average.
Should I buy or sell Clover Health Investments stock right now?
7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Clover Health Investments in the last year. There are cu...
What is Clover Health Investments' stock price forecast for 2022?
7 brokers have issued 12-month price targets for Clover Health Investments' stock. Their forecasts range from $2.50 to $10.00. On average, they pre...
How has Clover Health Investments' stock performed in 2022?
Clover Health Investments' stock was trading at $3.72 at the beginning of 2022. Since then, CLOV shares have decreased by 39.8% and is now trading...
When is Clover Health Investments' next earnings date?
Clover Health Investments is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022. View our earnings forec...
How were Clover Health Investments' earnings last quarter?
Clover Health Investments, Corp. (NASDAQ:CLOV) issued its quarterly earnings results on Monday, May, 9th. The company reported ($0.19) earnings per...
What guidance has Clover Health Investments issued on next quarter's earnings?
Clover Health Investments issued an update on its FY 2022 earnings guidance on Monday, June, 6th. The company provided EPS guidance of for the peri...
Who are Clover Health Investments' key executives?
Clover Health Investments' management team includes the following people: Mr. Vivek Garipalli , Co-Founder, CEO & Chairman of Directors (Age 43)...
Who are some of Clover Health Investments' key competitors?
Some companies that are related to Clover Health Investments include UnitedHealth Group (UNH) , Anthem (ANTM) , Cigna (CI) , Humana (HUM) , Ce...
What is Clover Health Investments' stock symbol?
Clover Health Investments trades on the NASDAQ under the ticker symbol "CLOV."
What Happened With CLOV Stock
Why It Matters
In a news release, Clover Health said that it is issuing 52,173,913 shares of its Class A common stock at a price of $5.75 per share. The stock offering closes on Nov. 22 and is expected to raise $300 million for the company. The company said that it intends to use the money raised for “working capital” and to fund “general corporate purposes.”
1. SPAC Hype
Investors view secondary stock offerings as a bad thing because they increase the number of available shares and dilute the value of the stock. Essentially, selling more shares destroys value for shareholders that already own the stock. This is the main reason that Clover Health’s share price is down 10%, and why it could fall even further.
2. The Hindenburg Report
Clover Health has suffered due to its connection to billionaire venture capitalist investor Chamath Palihapitiya, the so-called "King of SPACs."
3. Far From Profitable
Here's another reason for the Clover Health sell-off: Last year, Hindenburg Research issued a report that alleged dubious sales practices by the company.
4. Stock Dilution
In its most recent quarterly earnings release, Clover Health reported a 153% increase in revenue, to $472 million. But there's still a long way to go before the company can become profitable. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2021 is expected to fall between negative $230 million and $250 million.
The Bottom Line
In November 2021, Clover announced a public offering of its common stock that would bring in about $300 million for the company to allocate to working capital and various corporate interests.
What is the ticker symbol for Clover Health?
Clover has been the victim of a snowball of bearish catalysts that have cut the stock down to its true valuation.
When is Clover Health earnings call?
Clover Health Investments trades on the NASDAQ under the ticker symbol "CLOV."
What is the P/B ratio of Clover Health?
How can I listen to Clover Health Investments' earnings call? Clover Health Investments will be holding an earnings conference call on Wednesday, August 11th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
Is Clover Health a Medicare Advantage?
Clover Health Investments has a P/B Ratio of 26.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Does Clover Health pay dividends?
Clover Health Investments, Corp. operates as a Medicare Advantage insurer in the United States. The company through its software platform provides preferred provider organization and health maintenance organization health plans for Medicare-eligible consumers. Clover Health Investments, Corp. was founded in 2014 and is headquartered in Franklin, Tennessee.
There was a scam coin that went under the same name
Clover Health Investments does not currently pay a dividend.
With dApps and Smart Contracts on the come-up this could see a massive increase
Clover Finance is a blockchain infrastructure platform that’s focused on cross-chain compatibility for DeFi applications. The CLV token can be used to vote for network upgrades and to pay for Clover transactions.
What is Clover Finance?
I am not the kind of guy that just makes a claim about a token saying it will increase without doing the research. Secure dApps are seeing a big amount of interactions this past month, and some people like me are just now hearing about them.
How much is one clover finance worth?
To run a clevernode you will need to have 25,000 (this number is still being discussed), this 25,000 will need to have been in your wallet for at least 2 weeks, you can think about it as a the c levernode minimum stake age. How will payments work? Payments relative to the past month will be made every 1st of next month. To be eligible for the payment you will need to, in the previous month have staked at least 25,000 CLV for at least 2 weeks. How much will be paid? Clevernode owners will receive the equivalent to triple the normal stake (9 * 3 = 27%/year) over the coins that staked for at least 2 weeks. With clevernodes we hope to increase Clevercoin's value while rewarding the investors that are supporting the project. If you have any suggestions/commentaries please tell us, this is the time to. EXAMPLE: Tom stakes 30,000 CLV for 3 weeks in July 2015. He will receive, in his wallet in August 1st, 675 CLV. (Description provided by CryptoCompare)
What technology is included in Clover Finance?
One Clover Finance (CLV) is currently worth $1.11 on major cryptocurrency exchanges. You can also exchange one Clover Finance for 0.00003304 bitcoin (s) on major exchanges. The value (or market capitalization) of all available Clover Finance in U.S. dollars is $142.94 million.
Where can I get Clover Finance wallet?
Maximum number of coins: 2 Millions Block time: 64 seconds Minimum stake age: 48 hours No maximum stake age. PoS reward schedule Block 1 - 10,000: 2 CLV Block 10,000 - 30,000: 75 CLV From block 30,000: 9% / year (Information provided by CryptoCompare)
Can you mine clover finance?
Clover Finance produces its own wallet software that is available for download on its website, which allows you to store Clover Finance on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
The volatile Medicare stock is rising sharply
Clover Finance can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Clover Finance and access to a mining pool that pools your effort with other miners and a wallet to store the Clover Finance that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.
What happened
Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work! Follow @TMFMathGuy
So what
Clover Health ( NASDAQ:CLOV), the Medicare insurance technology company, has had a volatile history since going public through a Chamath Palihapitiya-backed SPAC, and it is on the move on Tuesday. As of 2 p.m. EDT, the stock was higher by more than 25%.
Now what
Surprisingly enough, the move is coming without any company-specific news. But recall that this isn't the first time we've seen Clover skyrocket without a good business-related reason.
Spac Hype
The Hindenburg Report
- Here's another reason for the Clover Health sell-off: Last year, Hindenburg Research issueda report that alleged dubious sales practices by the company. The Hindenburg report suggested that Clover Health and Chamath Palihapityia misled investors on critical issues, such as the fact that the U.S. Justice Department is investigating the company on at...
Far from Profitable
- In its most recent quarterly earnings release, Clover Health reported a 153% increase in revenue, to $472 million. But there's still a long way to go before the company can become profitable. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2021 is expected to fall between negative $230 million and $250 million. Uncertainty over how long it m…
Stock Dilution
- In November 2021, Clover announced a public offering of its common stock that would bring in about $300 million for the company to allocate to working capital and various corporate interests. The company's initiative is aimed at achieving profitability as soon as possible. But stock dilutions usually decrease the share price in the short term, because the existing percentage of sharehold…
The Bottom Line
- Clover has been the victim of a snowball of bearish catalysts that have cut the stock down to its true valuation. Even with concern over the company's short-term profitability, the current price around $2 per share seems about right. Clover Health is a long-term growth stock and should have a sizable opportunity to profit from the lucrative Medicare Advantage market. (Read more f…