Clover Health Investments Shares Soar 18% This Week
July 25, 2023
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Clover Health Investments ($NASDAQ:CLOV) has had a remarkable week, with its shares soaring 18% as of 2:15 p.m. ET on Friday. According to S&P Global Market, this increase represents one of the best returns in the market this week. Clover Health Investments is a healthcare technology and services company based in San Francisco, California. The company provides Medicare Advantage health plans to seniors across the United States and offers a range of services to its members, including preventive care programs, chronic care management, and healthcare coordination.
It also focuses on providing members with personalized service, convenience, and better access to quality healthcare. By taking a more holistic approach to healthcare and offering personalized services, Clover Health Investments has become a leader in the industry. Its success is evident in the 18% increase in shares this week.
Analysis
At GoodWhale, we have conducted a thorough analysis of the fundamentals of CLOVER HEALTH INVESTMENTS. Based on our assessment, we believe that CLOVER HEALTH INVESTMENTS is a medium risk investment in terms of financial and business aspects. We have identified three risk warnings in the balance sheet, cashflow statement, and financial journal that could impact the performance of CLOVER HEALTH INVESTMENTS. If you are interested in learning more about these red flags, be sure to register on our website. We can provide you with more insights and data to help you make an informed decision. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CLOV. More…
| Total Revenues | Net Income | Net Margin |
| 3.13k | -335.96 | -11.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CLOV. More…
| Operations | Investing | Financing |
| -67.85 | 68.8 | -1.49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CLOV. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.45k | 1.13k | 0.67 |
Key Ratios Snapshot
Some of the financial key ratios for CLOV are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 95.9% | – | -10.7% |
| FCF Margin | ROE | ROA |
| -2.3% | -62.4% | -14.4% |
Peers
Clover Health Investments Corp is in the business of providing health insurance and related services. Its competitors are UnitedHealth Group Inc, Alignment Healthcare Inc, and Humana Inc.
– UnitedHealth Group Inc ($NYSE:UNH)
UnitedHealth Group Inc. is an American diversified multi-national health care company, headquartered in Minnetonka, Minnesota. It offers a spectrum of health care products and services through two distinct platforms: UnitedHealthcare, which provides health care coverage and benefits services; and Optum, which provides information and technology-enabled health services.
– Alignment Healthcare Inc ($NASDAQ:ALHC)
Alignment Healthcare is a healthcare services company that operates in the United States. The company offers a range of services, including healthcare benefits management, care coordination, and provider network management. It serves seniors, people with Medicare, and people with Medicaid. As of 2022, the company had a market cap of 2.41B and a ROE of -27.03%.
– Humana Inc ($NYSE:HUM)
Humana Inc is a for-profit American health insurance company. As of 2022, it had a market capitalization of $69.89 billion and a return on equity of 15.61%. The company offers health, dental, and vision insurance plans for individuals, families, and businesses in the United States. It also has a provider network of more than 1.2 million physicians and other healthcare professionals.
Summary
Clover Health Investments is a healthcare technology and services company that has seen positive gains in the stock market this week. As of 2:15 p.m. ET on Friday, the company’s shares had risen 18%, according to data provided by S&P Global Market. Despite the market volatility, investors remain confident in the company’s long-term prospects and have reacted positively to the news of their progress.
Looking ahead, it will be important to keep an eye on Clover Health’s financial performance and their ability to deliver value to shareholders. Investors should also continue to monitor the company’s progress in developing innovative products and services that could further boost their share price in the future.
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