Daily Progress: CareMax Inc (CMAX) Gain 2.76, Closing at 2.23

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In the latest session, CareMax Inc (NASDAQ: CMAX) closed at $2.23 up 2.76% from its previous closing price of $2.17. In other words, the price has increased by $2.76 from its previous closing price. On the day, 73450.0 shares were traded. CMAX stock price reached its highest trading level at $2.35 during the session, while it also had its lowest trading level at $2.08.

Ratios:

For a deeper understanding of CareMax Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.31 and its Current Ratio is at 0.31. In the meantime, Its Debt-to-Equity ratio is 24.67 whereas as Long-Term Debt/Eq ratio is at 3.94.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on February 26, 2024, Downgraded its rating to Hold and sets its target price to $7.50 from $1.50 previously.

On November 17, 2023, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $5 to $1.

Piper Sandler Downgraded its Overweight to Neutral on November 10, 2023, whereas the target price for the stock was revised from $3 to $2.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CMAX now has a Market Capitalization of 8936768 and an Enterprise Value of 470810784. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.01 while its Price-to-Book (P/B) ratio in mrq is 0.42. Its current Enterprise Value per Revenue stands at 0.581 whereas that against EBITDA is -5.117.

Stock Price History:

The Beta on a monthly basis for CMAX is 0.84, which has changed by -0.97071654 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, CMAX has reached a high of $99.90, while it has fallen to a 52-week low of $1.88. The 50-Day Moving Average of the stock is -24.45%, while the 200-Day Moving Average is calculated to be -88.95%.

Shares Statistics:

For the past three months, CMAX has traded an average of 326.38K shares per day and 1816950 over the past ten days. A total of 3.74M shares are outstanding, with a floating share count of 2.35M. Insiders hold about 38.16% of the company’s shares, while institutions hold 44.57% stake in the company. Shares short for CMAX as of 1718323200 were 186918 with a Short Ratio of 0.57, compared to 1715731200 on 216594. Therefore, it implies a Short% of Shares Outstanding of 186918 and a Short% of Float of 7.7299999999999995.

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