Only a few days ago, it looked like Clover Health Investments(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.
Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.
Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.
Btan
OP
102654981
:
It is true. But how about AMC and GME? Which stock is not overvalued at the moment? And is overvaluation a technical driven issue or sentiment driven?
GoldSeeker : lol this guy confirm buy stock without doing any dd
Btan OP GoldSeeker : I am sure investors of AMC does a lot of dd
GoldSeeker Btan OP : of course lol. manage to increase my returns by 100% within a month
Btan OP GoldSeeker : Same here lol
s2t23 : maybe clov will move after gme & amc hit the moon....ape will have too much firepower by then
Btan OP s2t23 : What goes up will come down and vice versa
FortuneYongHuat s2t23 : That’s why clov is coming down
102654981 : Clover Health Investments
Only a few days ago, it looked like Clover Health Investments(NASDAQ:CLOV)might push AMC to the side as the hottest meme stock. Retail investors viewed Clover as a primeshort squeezecandidate.
Since the beginning of June, shares of Clover Health have jumped more than 65%. Analysts, however, don't expect those gains to last. The average price target for the stock is 25% below the current share price.
Clover Health's valuation does seem to have gotten out of hand. The healthcare stock currently trades at more than 170 times trailing-12-month sales. That's a nosebleed level, especially considering that the company is the subject of investigations by the U.S. Department of Justice and the Securities and Exchange Commission.
102654981 : Last week I bought at $15.60,that why I worry price keep dropping. Any advice.thanks
Btan OP 102654981 : It is true. But how about AMC and GME? Which stock is not overvalued at the moment? And is overvaluation a technical driven issue or sentiment driven?
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