Clover Well being Investments Corp (CLOV) mentioned after shut Monday that it misplaced $0.22 per share in quarter two 2022.

On the income line, the corporate reported $846.7 million, beating estimates by $32.1 million.

In the identical quarter a 12 months in the past, the corporate misplaced $0.78 per share on income of $412.5 million.

The inventory is down 17.66% to $2.80 after the report.

The agency’s larger income progress to earnings indicators that the agency has not been capable of cut back prices and has seen its revenue margin lower.

Wall Road Analysts had a mean ranking of Maintain on the inventory previous to the report.

InvestorsObserver offers the inventory a Bullish Sentiment rating in the mean time based mostly on latest buying and selling.

Clover Well being Investments Corp has carried out just a little above common through the previous few months. Earlier than the report, Clover Well being Investments Corp acquired a Lengthy-Time period Technical Rank by InvestorsObserver of 54, placing it within the prime half of shares. The agency set a 52-week low on February 23, 2022 at $1.95 and set a 52-week excessive on September 7, 2021 at $11.13.

Clover Well being Investments Corp is a healthcare expertise firm. It makes use of its proprietary expertise platform to gather, construction, and analyze well being and behavioral knowledge to enhance medical outcomes and decrease prices for sufferers.