Should I buy or sell CareMax stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CareMax in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CMAX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMAX, but not buy additional shares or sell existing shares. View CMAX analyst ratings or view top-rated stocks .

What is CareMax's stock price target for 2024?

3 equities research analysts have issued 1 year target prices for CareMax's stock. Their CMAX share price targets range from $30.00 to $120.00. On average, they expect the company's stock price to reach $70.00 in the next twelve months. This suggests a possible upside of 1,288.9% from the stock's current price. View analysts price targets for CMAX or view top-rated stocks among Wall Street analysts .

How have CMAX shares performed in 2024?

CareMax's stock was trading at $14.9460 at the beginning of the year. Since then, CMAX stock has decreased by 66.3% and is now trading at $5.04. View the best growth stocks for 2024 here .

When is CareMax's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024. View our CMAX earnings forecast .

How were CareMax's earnings last quarter?

CareMax, Inc. (NASDAQ:CMAX) posted its quarterly earnings data on Monday, November, 15th. The company reported ($0.90) earnings per share (EPS) for the quarter, topping the consensus estimate of ($9.90) by $9.00. The company earned $104.62 million during the quarter, compared to the consensus estimate of $110.99 million. CareMax had a negative net margin of 27.13% and a negative trailing twelve-month return on equity of 13.15%.

When did CareMax's stock split?

Shares of CareMax reverse split on the morning of 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.

What guidance has CareMax issued on next quarter's earnings?

CareMax issued an update on its FY 2023 earnings guidance on Monday, December, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $750.0 million-$800.0 million, compared to the consensus revenue estimate of $780.0 million.

Who are CareMax's major shareholders?

CareMax's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Norges Bank (22.17%) and Charles Schwab Investment Management Inc. (4.59%). Insiders that own company stock include Bryan Cho and Jose Ramon Rodriguez . View institutional ownership trends .

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 .

NASDAQ:CMAX

CareMax (CMAX) Stock Price, News & Analysis

$5.04

-0.18 (-3.45%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $4.88
▼
$5.58
50-Day Range: $5.04
▼
$22.80
52-Week Range: $4.88
▼
$140.70

Volume: 36,700 shs
Average Volume: 60,387 shs
Market Capitalization: $18.85 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $70.00

Get CareMax alerts:

CareMax MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 1,288.9% Upside
$70.00 Price Target
Short Interest: Bearish
9.39% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.95
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($19.07) to ($11.91) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.32 out of 5 stars

Business Services Sector

169th out of 303 stocks

Nursing & Personal Care Facilities Industry

3rd out of 5 stocks

3.0

Analyst's Opinion

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, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $70.00, CareMax has a forecasted upside of 1,288.9% from its current price of $5.04.
Amount of Analyst Coverage
CareMax has only been the subject of 1 research reports in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
9.39% 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 15.2, which indicates bearish sentiment.
Change versus previous month
Short interest in CareMax has recently increased by 1.73%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
CareMax does not currently pay a dividend.
Dividend Growth
CareMax does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CMAX.

3.9

News and Social Media Coverage

News Sentiment
CareMax has a news sentiment score of 0.95. 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 higher news sentiment than the 0.80 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for CareMax this week, compared to 1 article on an average week.
Search Interest
4 people have searched for CMAX on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
MarketBeat Follows
2 people have added CareMax to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

3.3

Company Ownership

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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for CareMax are expected to grow in the coming year, from ($19.07) to ($11.91) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CareMax is -0.09, 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 -0.09, 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 0.02. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CareMax Stock (NASDAQ:CMAX)

CareMax, Inc. provides 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, Tennessee, Texas, and New York. The company is headquartered in Miami, Florida.

CMAX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CMAX Stock News Headlines

February 6, 2024 | msn.com

CareMax Executes Reverse Stock Split, Adjusts Fiscal Year

February 6, 2024 | msn.com

CareMax Security Holders Rights Undergo Significant Changes

February 12, 2024 | The Freeport Society (Ad)

New Trump Bombshell

I believe Donald J. Trump will go down as America’s last Republican president. But NOT for the reasons you may think… If I’m right, the soul of this country will change forever…

January 30, 2024 | msn.com

CareMax Stockholders Approve Reverse Split Vote

January 30, 2024 | msn.com

CareMax Announces Reverse Stock Split Effective January 2024

January 29, 2024 | finance.yahoo.com

CareMax Announces 1-for-30 Reverse Stock Split

January 9, 2024 | markets.businessinsider.com

Truist Financial Keeps Their Hold Rating on CareMax (CMAX)

December 1, 2023 | markets.businessinsider.com

Buy Rating Reaffirmed for CareMax Amid Strategic Shift Toward Free Cash Flow and Long-term Growth

February 12, 2024 | The Freeport Society (Ad)

Biden Out, _______ In?

A new poll shows that two-thirds of Democrats want Biden to drop out of the 2024 race. The truth will shock you.

November 18, 2023 | msn.com

UBS Downgrades CareMax Inc - (CMAX)

November 12, 2023 | finance.yahoo.com

CareMax, Inc. (NASDAQ:CMAX) Q3 2023 Earnings Call Transcript

November 11, 2023 | benzinga.com

CareMax Stock (NASDAQ:CMAX), Analyst Ratings, Price Targets, Predictions

November 11, 2023 | msn.com

Piper Sandler Downgrades CareMax Inc - (CMAX)

November 10, 2023 | za.investing.com

CareMax cut as Piper Sandler 'cannot continue to recommend the stock'

November 9, 2023 | finance.yahoo.com

CareMax Reports Third Quarter 2023 Results

November 9, 2023 | finance.yahoo.com

CareMax Inc (CMAX) Reports Growth Amidst Challenges in Q3 2023

October 25, 2023 | finance.yahoo.com

CareMax Schedules Third Quarter 2023 Earnings Conference Call

September 6, 2023 | finance.yahoo.com

CareMax to Present at the Morgan Stanley 21st Annual Global Healthcare Conference

August 14, 2023 | markets.businessinsider.com

CareMax (CMAX) Gets a Hold from Truist Financial

August 9, 2023 | finance.yahoo.com

CareMax, Inc. (CMAX) Reports Q2 Loss, Tops Revenue Estimates

August 9, 2023 | markets.businessinsider.com

CareMax Inc. Q2 Loss increases, misses estimates

August 9, 2023 | finance.yahoo.com

CareMax Reports Second Quarter 2023 Results

July 19, 2023 | finance.yahoo.com

CareMax Schedules Second Quarter 2023 Earnings Conference Call

July 19, 2023 | markets.businessinsider.com

Truist Financial Reaffirms Their Hold Rating on CareMax (CMAX)

July 1, 2023 | morningstar.com

CareMax Inc Ordinary Shares - Class A

June 27, 2023 | msn.com

CareMax: Reiterate Buy On Potential Future Growth

May 31, 2023 | finance.yahoo.com

CareMax to Present at the Jefferies Healthcare Conference

See More Headlines

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Company Calendar

Last Earnings: 11/15/2021
Today: 2/12/2024
Next Earnings (Estimated): 3/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Business Services
Industry: Nursing & personal care facilities
Sub-Industry: N/A
Current Symbol: NASDAQ:CMAX
CUSIP: N/A
CIK: 1813914
Web: www.caremax.com
Phone: 786-360-4768
Fax: N/A
Employees: 1,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $70.00
High Stock Price Target: $120.00
Low Stock Price Target: $30.00
Potential Upside/Downside: +1,288.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($55.5556)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-37,800,000.00
Net Margins: -27.13%
Pretax Margin: -29.69%
Return on Equity: -13.15%
Return on Assets: -6.78%

Debt

Debt-to-Equity Ratio: 0.58
Current Ratio: 1.80
Quick Ratio: 1.80

Sales & Book Value

Annual Sales: $631.13 million
Price / Sales: 0.03
Cash Flow: $10.29 per share
Price / Cash Flow: 0.49
Book Value: $212.88 per share
Price / Book: 0.02

Miscellaneous

Outstanding Shares: 3,740,000
Free Float: 2,735,000
Market Cap: $18.85 million
Optionable: Optionable
Beta: 0.95

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Key Executives

Mr. Carlos A. de Solo (Age 45)
Co-Founder, President, CEO & Director
Comp: $1.3M
Mr. Kevin C. Wirges (Age 44)
Executive VP, CFO & Treasurer
Comp: $705.05k
Mr. Alberto R. de Solo (Age 47)
Executive VP & COO
Comp: $905.35k
Mr. Erick Anthony Fernandez (Age 45)
Chief Accounting Officer
Mr. Mark Llorente
Chief Administrative Officer & Head of MSO Operations
Samantha Swerdlin
Vice President of Investor Relations
Ms. Meredith Longsworth
Senior VP, General Counsel & Secretary
Ms. Teresa McMeans
Chief Compliance Officer
Ms. Regla Wuilchrist
Chief People Officer
Mr. Niberto Moreno M.D.
Chief Medical Officer & President of Caremax MSO

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CMAX Stock Analysis - Frequently Asked Questions

Should I buy or sell CareMax stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CareMax in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CMAX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMAX, but not buy additional shares or sell existing shares.
View CMAX analyst ratings or view top-rated stocks.
What is CareMax's stock price target for 2024?: 3 equities research analysts have issued 1 year target prices for CareMax's stock. Their CMAX share price targets range from $30.00 to $120.00. On average, they expect the company's stock price to reach $70.00 in the next twelve months. This suggests a possible upside of 1,288.9% from the stock's current price.
View analysts price targets for CMAX or view top-rated stocks among Wall Street analysts.
How have CMAX shares performed in 2024?: CareMax's stock was trading at $14.9460 at the beginning of the year. Since then, CMAX stock has decreased by 66.3% and is now trading at $5.04.
View the best growth stocks for 2024 here.
When is CareMax's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024.
View our CMAX earnings forecast.
How were CareMax's earnings last quarter?: CareMax, Inc. (NASDAQ:CMAX) posted its quarterly earnings data on Monday, November, 15th. The company reported ($0.90) earnings per share (EPS) for the quarter, topping the consensus estimate of ($9.90) by $9.00. The company earned $104.62 million during the quarter, compared to the consensus estimate of $110.99 million. CareMax had a negative net margin of 27.13% and a negative trailing twelve-month return on equity of 13.15%.

When did CareMax's stock split?: Shares of CareMax reverse split on the morning of 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.
What guidance has CareMax issued on next quarter's earnings?: CareMax issued an update on its FY 2023 earnings guidance on Monday, December, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $750.0 million-$800.0 million, compared to the consensus revenue estimate of $780.0 million.
Who are CareMax's major shareholders?: CareMax's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Norges Bank (22.17%) and Charles Schwab Investment Management Inc. (4.59%). Insiders that own company stock include Bryan Cho and Jose Ramon Rodriguez.
View institutional ownership trends.
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.

This page (NASDAQ:CMAX) was last updated on 2/12/2024 by MarketBeat.com Staff

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