CareMax (NASDAQ:CMAX) Trading Up 3.9%

CareMax, Inc. (NASDAQ:CMAX) shares were up 3.9% on Monday . The stock traded as high as $10.09 and last traded at $9.83. Approximately 7,120 shares were traded during trading, a decline of 97% from the average daily volume of 258,151 shares. The stock had previously closed at $9.46.

Several research analysts have weighed in on CMAX shares. Zacks Investment Research lowered shares of CareMax from a “hold” rating to a “sell” rating in a research report on Wednesday, September 15th. Piper Sandler upgraded shares of CareMax from a “neutral” rating to an “overweight” rating and set a $14.00 target price on the stock in a research report on Monday, September 13th. Finally, Cowen started coverage on shares of CareMax in a research report on Thursday, September 9th. They set an “outperform” rating and a $14.00 target price on the stock.

The company has a current ratio of 7.96, a quick ratio of 7.96 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average is $9.47.

CareMax (NASDAQ:CMAX) last posted its quarterly earnings results on Thursday, August 12th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.22). Research analysts expect that CareMax, Inc. will post -0.91 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC bought a new stake in CareMax in the 2nd quarter valued at $61,000. Clearbridge Investments LLC bought a new stake in shares of CareMax in the 2nd quarter worth about $349,000. LPL Financial LLC bought a new stake in shares of CareMax in the 2nd quarter worth about $351,000. Geode Capital Management LLC bought a new stake in shares of CareMax in the 2nd quarter worth about $502,000. Finally, Bank of America Corp DE bought a new stake in shares of CareMax in the 2nd quarter worth about $741,000.

CareMax Company Profile (NASDAQ:CMAX)

CareMax Medical Group, LLC operates as a health care organization that offers medical services through physicians and health care professionals. The company offers primary care, specialty care, telemedicine, health and wellness, optometry, dental, and transportation services. CareMax Medical Group, LLC was founded in 2011 and is based in Miami, Florida.

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