Here’s Our Rant About CareMax Inc. (CMAX) – News Heater
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Here’s Our Rant About CareMax Inc. (CMAX)

CareMax Inc. (NASDAQ:CMAX) went down by -16.14% from its latest closing price compared to the recent 1-year high of $16.00. The company’s stock price has collected -35.77% of loss in the last five trading sessions. The Wall Street Journal reported on 11/15/21 that Tesla, Dollar Tree, Boeing, Lucid: What to Watch in the Stock Market Today

Is It Worth Investing in CareMax Inc. (NASDAQ :CMAX) Right Now?

CareMax Inc. (NASDAQ:CMAX) scored a price-to-earnings ratio above its average ratio, recording 6.61 x from its present earnings ratio. Opinions of the stock are interesting as 5 analysts out of 5 who provided ratings for CareMax Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $12.20, which is $8.25 above the current price. CMAX currently public float of 67.62M and currently shorts hold a 4.43% ratio of that float. Today, the average trading volume of CMAX was 371.41K shares.

CMAX’s Market Performance

CMAX stocks went down by -35.77% for the week, with a monthly drop of -42.75% and a quarterly performance of -36.08%, while its annual performance rate touched -68.43%. The volatility ratio for the week stands at 18.25% while the volatility levels for the past 30 days are set at 10.23% for CareMax Inc.. The simple moving average for the period of the last 20 days is -42.26% for CMAX stocks with a simple moving average of -49.10% for the last 200 days.

Analysts’ Opinion of CMAX

Many brokerage firms have already submitted their reports for CMAX stocks, with UBS repeating the rating for CMAX by listing it as a “Buy.” The predicted price for CMAX in the upcoming period, according to UBS is $14 based on the research report published on January 07th of the current year 2022.

Jefferies, on the other hand, stated in their research note that they expect to see CMAX reach a price target of $15. The rating they have provided for CMAX stocks is “Buy” according to the report published on October 20th, 2021.

Piper Sandler gave a rating of “Overweight” to CMAX, setting the target price at $14 in the report published on September 13th of the previous year.

CMAX Trading at -45.45% from the 50-Day Moving Average

After a stumble in the market that brought CMAX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -75.31% of loss for the given period.

Volatility was left at 10.23%, however, over the last 30 days, the volatility rate increased by 18.25%, as shares sank -41.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.78% lower at present.

During the last 5 trading sessions, CMAX fell by -35.77%, which changed the moving average for the period of 200-days by -62.38% in comparison to the 20-day moving average, which settled at $6.70. In addition, CareMax Inc. saw -48.57% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CMAX starting from Rodriguez Jose Ramon, who purchase 1,500 shares at the price of $7.81 back on Aug 27. After this action, Rodriguez Jose Ramon now owns 1,500 shares of CareMax Inc., valued at $11,715 using the latest closing price.

Stock Fundamentals for CMAX

Current profitability levels for the company are sitting at:

  • -6.65 for the present operating margin
  • +76.07 for the gross margin

The net margin for CareMax Inc. stands at -2.26. Equity return is now at value -1.70, with -1.30 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 4.92.

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