Cano Health Stock Today
Cano Health is selling at 0.24 as of the 25th of April 2024; that is 4.35 percent increase since the beginning of the trading day. The stock's open price was 0.23. Equity ratings for Cano Health are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 2nd of July 2020 | Category Healthcare | Classification Health Care |
Valuation Options
Financial Report 14th of May 2024
Cano Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cano Health's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cano Health or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO Director | Mark Kent | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Providers & Services, Health Care Equipment & Services, Health Care, Health Care, Health Care Providers & Services, Medical Care Facilities, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Cano Health report their recommendations after researching Cano Health's financial statements, talking to executives and customers, or listening in on Cano Health's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Cano Health. The Cano consensus assessment is calculated by taking the average forecast from all of the analysts covering Cano Health. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators obtained from Cano Health's historical financial statements, Cano Health is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Cano Health is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Cano Health's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cano Health's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cano Health's financial leverage. It provides some insight into what part of Cano Health's total assets is financed by creditors.
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Cano Health (CANO) is traded on New York Stock Exchange in USA and employs 4,010 people. Cano Health is listed under Health Care Providers & Services category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 12.43 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cano Health's market, we take the total number of its shares issued and multiply it by Cano Health's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cano Health conducts business under Health Care Providers & Services sector and is part of Health Care industry. The entity has 2.89 M outstanding shares of which 577.29 K shares are currently shorted by private and institutional investors with about 2.03 trading days to cover.
Cano Health currently holds about 24.1 M in cash with (146.84 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1.
Check Cano Health Probability Of Bankruptcy
Cano Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Cano Health jumping above the current price in 90 days from now is about 76.86%. The Cano Health probability density function shows the probability of Cano Health stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 3.7037 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Cano Health will likely underperform. Additionally, cano Health has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Cano Health to move above the current price in 90 days from now is about 76.86 (This Cano Health probability density function shows the probability of Cano Stock to fall within a particular range of prices over 90 days) .
Cano Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Cano Health that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Cano Health's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Cano Health's value.| Instituion | Recorded On | Shares | |
| Two Sigma Investments Llc | 2023-12-31 | 27.7 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 25.5 K | |
| Northern Trust Corp | 2023-12-31 | 24.2 K | |
| Virtu Financial Llc | 2023-12-31 | 22.5 K | |
| Bck Capital Management Lp | 2023-12-31 | 20.4 K | |
| Falcon Edge Capital Lp | 2023-12-31 | 14.4 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 14 K | |
| Bank Of America Corp | 2023-12-31 | 13.2 K | |
| Corton Capital Inc. | 2023-12-31 | 12.1 K | |
| D. E. Shaw & Co Lp | 2023-09-30 | 11.1 M | |
| Point72 Asset Management, L.p. | 2023-09-30 | 3.9 M |
Cano Health Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Cano Health market risk premium is the additional return an investor will receive from holding Cano Health long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Cano Health. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Cano Health's alpha and beta are two of the key measurements used to evaluate Cano Health's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 12.01 | |||
| Standard Deviation | 18.6 | |||
| Variance | 346.02 | |||
| Risk Adjusted Performance | (0.07) |
Cano Stock Against Markets
Picking the right benchmark for Cano Health stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cano Health stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cano Health is critical whether you are bullish or bearish towards Cano Health at a given time. Please also check how Cano Health's historical prices are related to one of the top price index indicators.
Cano Health Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cano Health stock to make a market-neutral strategy. Peer analysis of Cano Health could also be used in its relative valuation, which is a method of valuing Cano Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cano Health Corporate Management
Elected by the shareholders, the Cano Health's board of directors comprises two types of representatives: Cano Health inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cano. The board's role is to monitor Cano Health's management team and ensure that shareholders' interests are well served. Cano Health's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cano Health's outside directors are responsible for providing unbiased perspectives on the board's policies.
| DO IV | Chief Officer | Profile | |
| Robert Camerlinck | Chief Officer | Profile | |
| Michael Sheehan | Deputy Secretary | Profile | |
| JD Esq | Chief Counsel | Profile | |
| Mark Novell | Chief Officer | Profile | |
| Amy Charley | Chief Officer | Profile | |
| Richard MD | Chief Officer | Profile |
How to buy Cano Stock?
Before investing in Cano Health, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cano Health. To buy Cano Health stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cano Health. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cano Health stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cano Health stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cano Health stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cano Health, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Cano Health?
The danger of trading Cano Health is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cano Health is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cano Health. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cano Health is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cano Health offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cano Health's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cano Health Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cano Health Stock: Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Cano Stock analysis
When running Cano Health's price analysis, check to measure Cano Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cano Health is operating at the current time. Most of Cano Health's value examination focuses on studying past and present price action to predict the probability of Cano Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cano Health's price. Additionally, you may evaluate how the addition of Cano Health to your portfolios can decrease your overall portfolio volatility.
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Is Cano Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cano Health. If investors know Cano will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cano Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (228.47) | Revenue Per Share 1.2 K | Quarterly Revenue Growth 0.185 | Return On Assets (0.14) | Return On Equity (4.29) |
The market value of Cano Health is measured differently than its book value, which is the value of Cano that is recorded on the company's balance sheet. Investors also form their own opinion of Cano Health's value that differs from its market value or its book value, called intrinsic value, which is Cano Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cano Health's market value can be influenced by many factors that don't directly affect Cano Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cano Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cano Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cano Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.