Cano Health Inc. (NYSE: CANO) is -2.19% lower on its value in year-to-date trading and has touched a low of $0.98 and a high of $9.75 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CANO stock was last observed hovering at around $1.38 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $4.00 for the next 12 months. It is also 80.86% off the consensus price target high of $7.00 offered by 10 analysts, but current levels are -11.67% lower than the price target low of $1.20 for the same period.
Currently trading at $1.34, the stock is 8.15% and -14.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.42 million and changing -2.90% at the moment leaves the stock -71.53% off its SMA200. CANO registered -78.35% loss for a year compared to 6-month loss of -79.48%.
The stock witnessed a 16.52% gain in the last 1 month and extending the period to 3 months gives it a -70.22%, and is -9.46% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.44% over the week and 12.28% over the month.
Cano Health Inc. (CANO) has around 2150 employees, a market worth around $643.39M and $2.47B in sales. Profit margin for the company is -2.90%. Distance from 52-week low is 36.72% and -86.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.90%).
Cano Health Inc. (CANO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cano Health Inc. (CANO) is a “Hold”. 10 analysts offering their recommendations for the stock have an average rating of 2.70, where 6 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Cano Health Inc. is expected to release its quarterly report on 06/07/2023.The EPS is expected to grow by 75.20% this year.
Cano Health Inc. (CANO) Top Institutional Holders
The shares outstanding are 232.31M, and float is at 170.47M with Short Float at 14.60%.
Cano Health Inc. (CANO) Insider Activity
A total of 8 insider transactions have happened at Cano Health Inc. (CANO) in the last six months, with sales accounting for 3 and purchases happening 5 times. The most recent transaction is an insider purchase by Gold Lewis,the company’sDirector. SEC filings show that Gold Lewis bought 300,000 shares of the company’s common stock on Mar 17 at a price of $6.81 per share for a total of $2.04 million. Following the purchase, the insider now owns 0.31 million shares.