CareMax (CMAX) Stock Price, News & Analysis

Company Overview

CareMax, Inc. provides care and chronic disease management services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation; and services to children and adults through Medicaid programs, as well as through commercial insurance plans. The company also provides CareOptimize, a proprietary software and services platform that provides data, analytics, and rules-based decision tools/workflows for physicians in the United States. It operates multi-specialty medical care centers in Florida, New York, Tennessee, and Texas. The company is headquartered in Miami, Florida.

Key Stats

• Today's Range: $1.63 to $1.81
• 50-Day Range: $1.39 to $2.28
• 52-Week Range: $1.18 to $38.10
• Volume: 45,174 shs
• Average Volume: 966,432 shs
• Market Capitalization: $6.34 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $30.00
• Consensus Rating: Hold

CareMax Stock Analysis - MarketRank™

CareMax scored higher than 57% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

CareMax has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

CareMax has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for CareMax are expected to grow in the coming year, from ($38.16) to ($25.92) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of CareMax is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of CareMax is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

CareMax has a P/B Ratio of 0.10. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

19.64% of the float of CareMax has been sold short.

Short Interest Ratio / Days to Cover

CareMax has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CareMax has recently increased by 275.08%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

CareMax does not currently pay a dividend.

Dividend Growth

CareMax does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

19.64% of the float of CareMax has been sold short.

Short Interest Ratio / Days to Cover

CareMax has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in CareMax has recently increased by 275.08%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: -0.04

News Sentiment

CareMax has a news sentiment score of -0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for CareMax this week, compared to 0 articles on an average week.

Search Interest

2 people have searched for CMAX on MarketBeat in the last 30 days.

MarketBeat Follows

12 people have added CareMax to their MarketBeat watchlist in the last 30 days. This is an increase of 71% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, CareMax insiders have not sold or bought any company stock.

Percentage Held by Insiders

26.90% of the stock of CareMax is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

65.94% of the stock of CareMax is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CMAX Stock Analysis - Frequently Asked Questions

How have CMAX shares performed this year?

CareMax's stock was trading at $14.9460 at the start of the year. Since then, CMAX stock has decreased by 88.9% and is now trading at $1.66.
View the best growth stocks for 2024 here.

How were CareMax's earnings last quarter?

CareMax, Inc. (NASDAQ:CMAX) announced its quarterly earnings data on Monday, November, 15th. The company reported ($0.90) EPS for the quarter, topping the consensus estimate of ($9.90) by $9.00. The business earned $104.62 million during the quarter, compared to the consensus estimate of $110.99 million. CareMax had a negative trailing twelve-month return on equity of 175.40% and a negative net margin of 99.78%.

When did CareMax's stock split?

CareMax's stock reverse split on Thursday, February 1st 2024. The 1-30 reverse split was announced on Thursday, February 1st 2024. The number of shares owned by shareholders was adjusted after the market closes on Thursday, February 1st 2024. An investor that had 100 shares of stock prior to the reverse split would have 3 shares after the split.

How do I buy shares of CareMax?

Shares of CMAX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CareMax own?

Based on aggregate information from My MarketBeat watchlists, some other companies that CareMax investors own include Plug Power (PLUG), Workhorse Group (WKHS), FuelCell Energy (FCEL), Ovid Therapeutics (OVID), KALA BIO (KALA), Comtech Telecommunications (CMTL) and Fortress Biotech (FBIO).

Company Calendar

• Last Earnings: 11/15/2021
• Today: 11/14/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Nursing & personal care facilities
• Sub-Industry: Healthcare
• Current Symbol: NASDAQ:CMAX
• CUSIP: N/A
• CIK: 1813914
• Web: www.caremax.com
• Phone: 786-360-4768
• Fax: N/A
• Employees: 1,450
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $30.00
• High Stock Price Target: $30.00
• Low Stock Price Target: $30.00
• Potential Upside/Downside: +1,707.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($208.4380)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-683,350,000.00
• Net Margins: -99.78%
• Pretax Margin: -99.89%
• Return on Equity: -175.40%
• Return on Assets: -29.26%

Debt

• Debt-to-Equity Ratio: 0.09
• Current Ratio: 0.23
• Quick Ratio: 0.23

Sales & Book Value

• Annual Sales: $751.10 million
• Price / Sales: 0.01
• Cash Flow: $83.00 per share
• Price / Cash Flow: 0.02
• Book Value: $16.42 per share
• Price / Book: 0.10

Miscellaneous

• Outstanding Shares: 3,820,000
• Free Float: 2,789,000
• Market Cap: $6.34 million
• Optionable: No Data
• Beta: 0.66