CareMax Inc (NASDAQ: CMAX)’s stock price has plunge by -48.21relation to previous closing price of 1.68. Nevertheless, the company has seen a -55.61% plunge in its stock price over the last five trading sessions. benzinga.com reported 2024-11-18 that On Sunday, CareMax Inc CMAX agreed to sell its management services organization and also announced a sale process for the company’s core centers’ assets.
Is It Worth Investing in CareMax Inc (NASDAQ: CMAX) Right Now?
CMAX has 36-month beta value of 0.65. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for CMAX is 2.36M, and currently, short sellers hold a 19.64% ratio of that float. The average trading volume of CMAX on November 19, 2024 was 306.18K shares.
CMAX’s Market Performance
CMAX’s stock has seen a -55.61% decrease for the week, with a -54.21% drop in the past month and a -71.66% fall in the past quarter. The volatility ratio for the week is 16.43%, and the volatility levels for the past 30 days are at 19.92% for CareMax Inc The simple moving average for the past 20 days is -51.37% for CMAX’s stock, with a -75.38% simple moving average for the past 200 days.
Analysts’ Opinion of CMAX
Many brokerage firms have already submitted their reports for CMAX stocks, with Jefferies repeating the rating for CMAX by listing it as a “Hold.” The predicted price for CMAX in the upcoming period, according to Jefferies is $7.50 based on the research report published on February 26, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see CMAX reach a price target of $1, previously predicting the price at $5. The rating they have provided for CMAX stocks is “Neutral” according to the report published on November 17th, 2023.
Piper Sandler gave a rating of “Neutral” to CMAX, setting the target price at $2 in the report published on November 10th of the previous year.
CMAX Trading at -52.77% 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 -97.29% of loss for the given period.
Volatility was left at 19.92%, however, over the last 30 days, the volatility rate increased by 16.43%, as shares sank -53.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.69% lower at present.
During the last 5 trading sessions, CMAX fell by -55.61%, which changed the moving average for the period of 200-days by -88.48% in comparison to the 20-day moving average, which settled at $1.7890. In addition, CareMax Inc saw -94.18% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CMAX
Current profitability levels for the company are sitting at:
- -0.47 for the present operating margin
- 0.39 for the gross margin
The net margin for CareMax Inc stands at -1.0. The total capital return value is set at 4.92. Equity return is now at value -328.42, with -97.55 for asset returns.
Based on CareMax Inc (CMAX), the company’s capital structure generated 1.49 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at -3.04. The interest coverage ratio of the stock is -5.27.
Currently, EBITDA for the company is -590.46 million with net debt to EBITDA at -0.74. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 8.05for trailing twelve months and the total asset turnover is 1.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.23.
Conclusion
To put it simply, CareMax Inc (CMAX) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
