Cano Health Inc. (NYSE:CANO) went down by -3.93% from its latest closing price compared to the recent 1-year high of $15.58. The company’s stock price has collected -3.53% of loss in the last five trading sessions.
Is It Worth Investing in Cano Health Inc. (NYSE :CANO) Right Now?
Opinions of the stock are interesting as 7 analysts out of 9 who provided ratings for Cano Health Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $10.11, which is $5.46 above the current price. CANO currently public float of 188.02M and currently shorts hold a 11.00% ratio of that float. Today, the average trading volume of CANO was 3.01M shares.
CANO’s Market Performance
CANO stocks went down by -3.53% for the week, with a monthly drop of -22.76% and a quarterly performance of -34.97%, while its annual performance rate touched -63.93%. The volatility ratio for the week stands at 7.57% while the volatility levels for the past 30 days are set at 7.92% for Cano Health Inc. The simple moving average for the period of the last 20 days is -11.43% for CANO stocks with a simple moving average of -42.54% for the last 200 days.
Analysts’ Opinion of CANO
Many brokerage firms have already submitted their reports for CANO stocks, with BofA Securities repeating the rating for CANO by listing it as a “Neutral.” The predicted price for CANO in the upcoming period, according to BofA Securities is $6 based on the research report published on June 15th of the current year 2022.
BofA Securities, on the other hand, stated in their research note that they expect to see CANO reach a price target of $8. The rating they have provided for CANO stocks is “Buy” according to the report published on May 03rd, 2022.
UBS gave a rating of “Buy” to CANO, setting the target price at $15 in the report published on April 20th of the current year.
CANO Trading at -10.44% from the 50-Day Moving Average
After a stumble in the market that brought CANO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.15% of loss for the given period.
Volatility was left at 7.92%, however, over the last 30 days, the volatility rate increased by 7.57%, as shares sank -22.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.00% lower at present.
During the last 5 trading sessions, CANO fell by -3.53%, which changed the moving average for the period of 200-days by -65.53% in comparison to the 20-day moving average, which settled at $5.18. In addition, Cano Health Inc. saw -47.81% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at CANO starting from Gold Lewis, who purchase 300,000 shares at the price of $6.81 back on Mar 17. After this action, Gold Lewis now owns 314,825 shares of Cano Health Inc., valued at $2,043,000 using the latest closing price.
Hernandez Marlow, the CEO and President of Cano Health Inc., purchase 15,000 shares at $8.00 during a trade that took place back on Dec 06, which means that Hernandez Marlow is holding 2,891,962 shares at $120,000 based on the most recent closing price.
Stock Fundamentals for CANO
Current profitability levels for the company are sitting at:
- -5.89 for the present operating margin
- +9.29 for the gross margin
The net margin for Cano Health Inc. stands at -1.12.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.