CareMax (NASDAQ:CMAX) Stock Price Down 0.5% – What’s Next?

CareMax, Inc. (NASDAQ:CMAX) was down 0.5% during trading on Monday . The stock traded as low as $1.79 and last traded at $1.89. Approximately 32,917 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 974,687 shares. The stock had previously closed at $1.90.

CareMax Stock Down 23.6 %

The stock has a fifty day simple moving average of $2.25 and a two-hundred day simple moving average of $2.87. The firm has a market cap of $5.29 million, a PE ratio of -0.01 and a beta of 0.73. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.09.

CareMax (NASDAQ:CMAX) last released its quarterly earnings data on Friday, August 9th. The company reported ($10.48) EPS for the quarter, missing analysts’ consensus estimates of ($7.51) by ($2.97). The firm had revenue of $198.63 million during the quarter, compared to the consensus estimate of $233.53 million. CareMax had a negative net margin of 99.78% and a negative return on equity of 175.40%. As a group, sell-side analysts expect that CareMax, Inc. will post -36.97 EPS for the current fiscal year.

Hedge Funds Weigh In On CareMax

An institutional investor recently bought a new position in CareMax stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of CareMax, Inc. (NASDAQ:CMAX) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 27,002 shares of the company’s stock, valued at approximately $130,000. Mirae Asset Global Investments Co. Ltd. owned about 0.71% of CareMax at the end of the most recent reporting period. Hedge funds and other institutional investors own 65.94% of the company’s stock.

CareMax Company Profile

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.