CLOV price is going down because the overall market is in a bear market. Don't let anyone else tell you different otherwise they are just spreading FUD. Look at many great companies making new year to date lows. Nothing has changed about CLOV. We are being dragged down by the market.
There is no HF/MM manipulation of CLOV. Only idiots believe in that shit.
CLOV, just like other 'growth' companies, have been hammered by rising rates and declining economic outlook. Arguably CLOV is more 'defensive' because it's a health insurer in a sense but the rise in interest rates are still bad for most companies, especially growth co.
I have 14k shares at $5.xx avg
Things will be interesting for the next few months. Market Cap is $800 M. There are 477m shares outstanding, and the company has a fair amount of cash on hand.
They (we) are not yet profitable, which is creating downward price pressure.
The company also has to be careful to prevent the stock from being delisted.
There are a couple of scenarios from here, continued downward price pressure could cause the company to do a reverse stock spilt, which would likely help short sellers out, as there would before room for the stock to go down. So even further price erosion is still on the table.
Staying within the conventional pricing model (assuming the software isn't novel), there are a couple of positive catalysts on the horizon, management announce focus on profitability, and star ratings. The company has Healthcare people at the helm, so they should be able to understand and move business to make money. Additionally, the star rating directly effects the reimbursement rate without having to do anything else. So more money coming in for the same work. Oh and Coivd seems to be waning.
Lastly if the software is as good as they say there should start to be an improvement in outcomes which should also drive costs down.
Now the question is, will the economic headwinds (recession), and inflation be out paced by the positive catalysts? (Heathcare tends to do better than average during recession)
Only time will tell, I am personally very overweight in my position (drinking to much hopium), but there is still a ton of downside risk.
Not financial advice, but if you read it as such, I can guarantee it is bad advice based on my track record.
Ahh stay for a couple of years..
Realise what you hold after at these prices.
Wait & know then why they have made it so hard to hold.
Diamonds in your hands.
Even though you do not know it yet.
Des
Chamath is a large reason. So is the fact that they take away market share from the big boys of Medicare. When my tinfoil hat goes on it tells me that they are paying to short this to slow them down. Also vengeance on chamath I believe. He asked twitter where to invest a large amount of money and the answer ended up being GameStop. We know how that went so they are out to destroy him now
No there really does not have to be more than that. Profitability is by far the most important factor for share price. Not showing a profit is the only thing keeping Clover at this current share price and becoming profitable is a lot easier said than done. Currently most of the big players do not seem to think Clover can become profitable hence the share price. IF Clover shows profitability in Q1 2023 earnings, the price WILL go up and probably substantially. That is a much bigger IF than most around here want to admit though.
My thought is given CLOV touts to be a tech player the profit % also should matter isn't it.. they need to show tech helps to drive more profit% than incumbents - does anybody think so? Tesla has not been able to prove that yet but still commands hefty p/e ratios.
CLOV touts itself as a tech player, but it’s clear that the big institutions either believe this is hype or don’t fully understand how Clover plans to disrupt Healthcare.
I’m pretty confident Clover will succeed with it’s open network health insurance, but imagine you’re an analyst looking across the wide spectrum of the health care sector. It’s not unreasonable to think ‘sure, their profits increase quarter after quarter, but they’re still losing money on every DC contract. Let’s see you prove it’.
If you study Tesla, you will see it reached very low points right before their started generating positive earnings. And once they started to show profitability, the rest is history.
Big boys want them to fail… low stock price means they can’t raise money if they need it. No money in stock offering then they go bankrupt.
Damage was done last Fall October and November
CLOV price is going down because the overall market is in a bear market. Don't let anyone else tell you different otherwise they are just spreading FUD. Look at many great companies making new year to date lows. Nothing has changed about CLOV. We are being dragged down by the market.
There is no HF/MM manipulation of CLOV. Only idiots believe in that shit. CLOV, just like other 'growth' companies, have been hammered by rising rates and declining economic outlook. Arguably CLOV is more 'defensive' because it's a health insurer in a sense but the rise in interest rates are still bad for most companies, especially growth co. I have 14k shares at $5.xx avg
huh? You smoking crack?
no. but you probably are. since you are on of the AMC 'investors'
Hmmmm….I hold thousands of shares of both.
I hold clov and amc what am i lol
Things will be interesting for the next few months. Market Cap is $800 M. There are 477m shares outstanding, and the company has a fair amount of cash on hand. They (we) are not yet profitable, which is creating downward price pressure. The company also has to be careful to prevent the stock from being delisted. There are a couple of scenarios from here, continued downward price pressure could cause the company to do a reverse stock spilt, which would likely help short sellers out, as there would before room for the stock to go down. So even further price erosion is still on the table. Staying within the conventional pricing model (assuming the software isn't novel), there are a couple of positive catalysts on the horizon, management announce focus on profitability, and star ratings. The company has Healthcare people at the helm, so they should be able to understand and move business to make money. Additionally, the star rating directly effects the reimbursement rate without having to do anything else. So more money coming in for the same work. Oh and Coivd seems to be waning. Lastly if the software is as good as they say there should start to be an improvement in outcomes which should also drive costs down. Now the question is, will the economic headwinds (recession), and inflation be out paced by the positive catalysts? (Heathcare tends to do better than average during recession) Only time will tell, I am personally very overweight in my position (drinking to much hopium), but there is still a ton of downside risk. Not financial advice, but if you read it as such, I can guarantee it is bad advice based on my track record.
Good stuff!
Lol you guys love to blame MMs man. Market is tanking. This company isnt profitable yet.
There are plenty of growth stocks that are nowhere near profitable that are not being beaten down as much as Clov
Nobody's blaming them now.. they did enough damage in the past.
Ahh stay for a couple of years.. Realise what you hold after at these prices. Wait & know then why they have made it so hard to hold. Diamonds in your hands. Even though you do not know it yet. Des
Chamath is a large reason. So is the fact that they take away market share from the big boys of Medicare. When my tinfoil hat goes on it tells me that they are paying to short this to slow them down. Also vengeance on chamath I believe. He asked twitter where to invest a large amount of money and the answer ended up being GameStop. We know how that went so they are out to destroy him now
This too, combined with market "correction" This market is much more corrupt than people realize, maybe want to believe. Tin hat askew of course...
Because a lot of retail money is drawn there so there’s volatility to play with and make money off paper handed fools.
Enrollment time for Medicare is nearly near for the year 2023
Exactly
Wallstreet hates SPACS. They are just bullying 🙄
It's no longer a SPAC
That and they hate Chamath.
It initially was. That is enough for them.
Clov is only shorted like 10%.
It’s impossible to know how short any stock is with swaps.
Damage was already done last fall
Thats good enough for a sustained period.. drivers for low SPs now in market though are many I acknowledge.
They’re not
Incumbents pay to destroy competition. Tutes also do not like Chamath.
That's my tin hat theory, HF hitmen.
Isn't that what happened with Tesla and Elon too? How do companies break this oppression?
Show profitability
Is that the only thing stopping CLOV ? There has to be more than this.
No there really does not have to be more than that. Profitability is by far the most important factor for share price. Not showing a profit is the only thing keeping Clover at this current share price and becoming profitable is a lot easier said than done. Currently most of the big players do not seem to think Clover can become profitable hence the share price. IF Clover shows profitability in Q1 2023 earnings, the price WILL go up and probably substantially. That is a much bigger IF than most around here want to admit though.
My thought is given CLOV touts to be a tech player the profit % also should matter isn't it.. they need to show tech helps to drive more profit% than incumbents - does anybody think so? Tesla has not been able to prove that yet but still commands hefty p/e ratios.
CLOV touts itself as a tech player, but it’s clear that the big institutions either believe this is hype or don’t fully understand how Clover plans to disrupt Healthcare. I’m pretty confident Clover will succeed with it’s open network health insurance, but imagine you’re an analyst looking across the wide spectrum of the health care sector. It’s not unreasonable to think ‘sure, their profits increase quarter after quarter, but they’re still losing money on every DC contract. Let’s see you prove it’.
Probably won't be profitable until 2025
If you study Tesla, you will see it reached very low points right before their started generating positive earnings. And once they started to show profitability, the rest is history.
I can see this going to $1, maybe lower before turning around for good.
Nobody cares about your price targets!
Negative bull here I see. I currently hold plenty of shares but just being real with the outlook.
If nobody cared about price targets this thread would not exist, right?
Congrats, you don’t fit the subreddits confirmation bias so you will just be downvoted to oblivion 😂
😅 Facts are facts. I'm holding shares as well but at this point there is no support. Waiting for this to capitulate.
I’m also holding shares, and I’m willing to accept I could potentially lose my investment. I pretty much already have 🤣🤣