CareMax Inc (NASDAQ:CMAX) traded at $0.69 at close of the session on current trade day and made a downward move of -3.89% on its previous day’s price.
Looking at the stock we see that its previous close was $0.72 and the beta (5Y monthly) reads 0.679 with the day’s price range being $0.459 – $0.735. In terms of its 52-week price range, CMAX has a high of $24.34 and a low of $0.67. The company’s stock has lost about -57.28% over that past 30 days.
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CareMax Inc has a market cap of $2.85 million and is expected to release its quarterly earnings report in December.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 172.4M, with a low of 172.4M and a high of 172.4M. The median projection represents growth adding up to -14.59% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 772.4M, or 2.84% up from figures reported last year.
On the other hand, looking at the outlook for the CMAX stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the CareMax Inc (CMAX) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -55.87% off its SMA20 and -59.59% from its 50-day simple moving average. The RSI (14) is pointing at 26.62 while the volatility over the past week is 27.79% and jumps to 21.30% over the past one month. The beta value is 0.48, while the average true range (ATR) is currently pointing at 0.27. The average price target for the stock over the next 12 months is $2.6, with the estimates having a low of $2.2 and a high of $3. These price ends are -218.84% and -334.78% off the current price level respectively, although investors could be excited at the prospect of a -276.81% if the CMAX share price touches on the median price of $2.6.
Coming back to CareMax Inc (NASDAQ:CMAX), we note that the average 3-month trading volume was 320.84K, while that of the preceding 10-day period stands at 0.21 million. Current shares outstanding are 3.74 million.
The insiders hold 38.07% of the company’s shares while institutions hold 25.59%. The data shows that short shares as of 2024-10-31, stood at 0.46 million at a short ratio of 0.94. This represents a 1908.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 0.16 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -95.37% down in year-to-date price movement.
