CareMax (NASDAQ:CMAX) Shares Up 5.2%

CareMax, Inc. (NASDAQ:CMAX) traded up 5.2% during mid-day trading on Tuesday . The company traded as high as $3.48 and last traded at $3.25. 22,351 shares changed hands during trading, a decline of 70% from the average session volume of 74,440 shares. The stock had previously closed at $3.09.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of CareMax in a research note on Monday, February 26th.

CareMax Stock Up 5.2 %

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $12.35 million, a price-to-earnings ratio of -0.02 and a beta of 0.87. The firm has a 50-day moving average price of $5.18 and a two-hundred day moving average price of $16.09.

CareMax (NASDAQ:CMAX) last released its quarterly earnings results on Monday, March 18th. The company reported ($25.82) earnings per share for the quarter. CareMax had a negative return on equity of 35.76% and a negative net margin of 90.98%. The firm had revenue of $151.84 million for the quarter, compared to analyst estimates of $191.31 million. As a group, sell-side analysts anticipate that CareMax, Inc. will post -22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CareMax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in CareMax during the first quarter worth about $130,000. Eminence Capital LP boosted its holdings in shares of CareMax by 5.5% in the 4th quarter. Eminence Capital LP now owns 10,424,657 shares of the company’s stock valued at $5,194,000 after buying an additional 539,544 shares during the last quarter. CastleKnight Management LP grew its stake in shares of CareMax by 193.0% in the fourth quarter. CastleKnight Management LP now owns 374,700 shares of the company’s stock valued at $187,000 after buying an additional 246,800 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in CareMax by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 230,583 shares of the company’s stock worth $489,000 after buying an additional 7,663 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in CareMax during the third quarter worth $44,000. 65.94% of the stock is currently owned by institutional investors and hedge funds.

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.