Caremax Stock Today
| CMAX Stock | USD 3.21 0.64 24.90% |
Performance0 of 100
| Odds Of DistressOver 81
|
CareMax is trading at 3.21 as of the 23rd of April 2024; that is 24.90 percent increase since the beginning of the trading day. The stock's open price was 2.57. CareMax has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for CareMax are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 9th of June 2021 | Category Healthcare | Classification Health Care |
CareMax, Inc. provides medical services through physicians and health care professionals. As of December 31, 2021, it operated 48 multi-specialty medical care centers in Florida, Tennessee, and New York. Caremax operates under Health Information Services classification in the United States and is traded on NASDAQ Exchange. The company has 3.8 M outstanding shares of which 231.68 K shares are currently shorted by private and institutional investors with about 2.15 trading days to cover. More on CareMax
Moving against CareMax Stock
| 0.43 | HQY | HealthEquity Financial Report 3rd of June 2024 | PairCorr |
CareMax 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. CareMax's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding CareMax or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, NASDAQ Health Care, Health Care, Health Care Equipment & Supplies, Health Information Services, Healthcare (View all Sectors) |
| Average Analyst Recommendation Analysts covering CareMax report their recommendations after researching CareMax's financial statements, talking to executives and customers, or listening in on CareMax's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering CareMax. The CareMax consensus assessment is calculated by taking the average forecast from all of the analysts covering CareMax. | |
| Financial Strength Based on the key measurements obtained from CareMax's financial statements, CareMax 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 CareMax is based on its profitability, leverage, liquidity, source of funds, and operating efficiency. | |
CareMax (CMAX) is traded on NASDAQ Exchange in USA. It is located in 1000 NW 57th Court, Miami, FL, United States, 33126 and employs 1,450 people. CareMax is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 12.21 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CareMax's market, we take the total number of its shares issued and multiply it by CareMax'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. CareMax conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 3.8 M outstanding shares of which 231.68 K shares are currently shorted by private and institutional investors with about 2.15 trading days to cover.
CareMax currently holds about 68.13 M in cash with (46.91 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.78.
Check CareMax Probability Of Bankruptcy
Ownership AllocationThe market capitalization of CareMax is currently $12.21 Million. Over half of CareMax's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in CareMax. Please watch out for any change in the institutional holdings of CareMax as this could mean something significant has changed or is about to change at the company. Be advised that no matter how volatile the entity is, if the real value of the firm is more than the value suggested by the market, you should consider buying it.
Check CareMax Ownership Details
CareMax Stock Price Odds Analysis
Based on a normal probability distribution, the odds of CareMax jumping above the current price in 90 days from now is about 85.48%. The CareMax probability density function shows the probability of CareMax 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 3.6245 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, CareMax will likely underperform. Additionally, careMax 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 CareMax to move above the current price in 90 days from now is about 85.48 (This CareMax probability density function shows the probability of CareMax Stock to fall within a particular range of prices over 90 days) .
CareMax Stock Institutional Holders
Institutional Holdings refers to the ownership stake in CareMax that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of CareMax'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 CareMax's value.| Instituion | Recorded On | Shares | |
| Coronation Fund Managers Ltd | 2023-09-30 | 1.2 M | |
| Hongkou Capital Lp | 2023-09-30 | 1.2 M | |
| Millennium Management Llc | 2023-09-30 | 914.3 K | |
| Avidity Partners Management Lp | 2023-09-30 | 636 K | |
| Northern Trust Corp | 2023-09-30 | 631.1 K | |
| Bank Of America Corp | 2023-09-30 | 369.4 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 228.2 K | |
| Antipodean Advisors Llc | 2023-09-30 | 200 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 171.8 K | |
| Deerfield Management Co | 2023-09-30 | 15.9 M | |
| Morgan Stanley - Brokerage Accounts | 2023-09-30 | 10.6 M |
CareMax Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. CareMax market risk premium is the additional return an investor will receive from holding CareMax 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 CareMax. 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 CareMax's alpha and beta are two of the key measurements used to evaluate CareMax's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.79) | |||
| Total Risk Alpha | (2.45) | |||
| Treynor Ratio | (0.14) |
CareMax Stock Against Markets
Picking the right benchmark for CareMax 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 CareMax 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 CareMax is critical whether you are bullish or bearish towards CareMax at a given time. Please also check how CareMax's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in CareMax without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
CareMax Corporate Management
Elected by the shareholders, the CareMax's board of directors comprises two types of representatives: CareMax inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CareMax. The board's role is to monitor CareMax's management team and ensure that shareholders' interests are well served. CareMax'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, CareMax's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Meredith Longsworth | General VP | Profile | |
| Niberto MD | Chief Officer | Profile | |
| Nicole Cable | Chief Officer | Profile | |
| Carlos Solo | President, CoFounder | Profile | |
| Teresa McMeans | Chief Officer | Profile | |
| Samantha Swerdlin | Vice Relations | Profile |
How to buy CareMax Stock?
Before investing in CareMax, 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 CareMax. To buy CareMax stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of CareMax. 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 CareMax stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located CareMax 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 CareMax 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 CareMax, 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. For more information on how to buy CareMax Stock please use our How to Invest in CareMax guide.
Already Invested in CareMax?
The danger of trading CareMax 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 CareMax 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 CareMax. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CareMax 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 CareMax is a strong investment it is important to analyze CareMax's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CareMax's future performance. For an informed investment choice regarding CareMax Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareMax. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy CareMax Stock please use our How to Invest in CareMax guide.Note that the CareMax information on this page should be used as a complementary analysis to other CareMax's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for CareMax Stock analysis
When running CareMax's price analysis, check to measure CareMax'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 CareMax is operating at the current time. Most of CareMax's value examination focuses on studying past and present price action to predict the probability of CareMax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CareMax's price. Additionally, you may evaluate how the addition of CareMax to your portfolios can decrease your overall portfolio volatility.
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Is CareMax'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 CareMax. If investors know CareMax 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 CareMax listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (183.29) | Revenue Per Share 201.491 | Quarterly Revenue Growth (0.08) | Return On Assets (0.08) | Return On Equity (2.01) |
The market value of CareMax is measured differently than its book value, which is the value of CareMax that is recorded on the company's balance sheet. Investors also form their own opinion of CareMax's value that differs from its market value or its book value, called intrinsic value, which is CareMax'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 CareMax's market value can be influenced by many factors that don't directly affect CareMax'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 CareMax's value and its price as these two are different measures arrived at by different means. Investors typically determine if CareMax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CareMax'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.