Here's Why We're Watching Clover Health Investments' (NASDAQ:CLOV) Cash Burn Situation [Yahoo! Finance]
Clover Health Investments, Corp. - Class A Common stock (CLOV)
Company Research
Source: Yahoo! Finance
For example, Clover Health Investments NASDAQ:CLOV ) shareholders have done very well over the last year, with the share price soaring by 330%. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. In light of its strong share price run, we think now is a good time to investigate how risky Clover Health Investments' cash burn is. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. Let's start with an examination of the business' cash, relative to its cash burn. See our latest analysis for Clover Health Investments A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. When Clover Health Investments last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$379m. Importantly, its cash burn was US$178m o
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CLOV
News
- Bears are Losing Control Over Clover Health Investments (CLOV), Here's Why It's a 'Buy' Now [Yahoo! Finance]Yahoo! Finance
- Clover Health Investments Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Clover Health Investments Corp (CLOV) Q3 2024 Earnings Call Highlights: Strong Financial ... [Yahoo! Finance]Yahoo! Finance
- CLOV Stock Declines Despite Q3 Earnings Beat, FY24 View Revised [Yahoo! Finance]Yahoo! Finance
- Clover Health Investments, Corp. (CLOV) Reports Q3 Loss, Lags Revenue Estimates [Yahoo! Finance]Yahoo! Finance
CLOV
Earnings
- 11/6/24 - Beat
CLOV
Sec Filings
- 11/18/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- CLOV's page on the SEC website