Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. CareMax Inc’s current trading price is -95.55% away from its 52-week high, while its distance from the 52-week low is 146.45%. The stock’s price range during this period has varied between $1.55 and $85.80. The company, active in the Healthcare sector, saw a trading volume of around 39.1 million for the day, considerably higher average daily volume of 0.33 million observed over the last three months.
CareMax Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $85.80 on 08/09/23, and the lowest price during that time was $1.55, recorded on 07/19/24.
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How Financial Performance Impacts Market Capitalization
CareMax Inc (CMAX) has experienced a quarterly rise of 48.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.52M and boasts a workforce of 1450 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.8667, with a change in price of -3.4340. Similarly, CareMax Inc recorded 570,736 in trading volume during the last 100 days, posting a change of -47.89%.
How CMAX’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CMAX stands at 24.67. Similarly, the long-term debt-to-equity ratio is also 3.94.
CMAX Stock Stochastic Average
As of today, the raw stochastic average of CareMax Inc over the past 50 days is 62.46%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 62.46%. Additionally, the Stochastic %K and %D values for the company were 21.45% and 8.56%, respectively, over the past 20 days.
CMAX Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -74.44%. However, over the past six months, we’ve seen a stronger performance of -66.49%. The price of CMAX fallen by 49.22% over the last 30 days. And in the last five days, it has surged by 95.90%.
