Cano Health Inc. [CANO] fell -23.68% so far this year. What now?


Cano Health Inc. [NYSE: CANO] closed the trading session at $6.80 on 01/13/22. The day’s price range saw the stock hit a low of $6.76, while the highest price level was $7.26. The company report on January 7, 2022 that Cano Health Achieves Strong Membership Growth.

Fourth Quarter 2021 Membership of 227,000; an increase of 114% year-over-year.

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The stocks have a year to date performance of -23.68 percent and weekly performance of -16.97 percent. The stock has been moved at -37.27 percent over the last six months. The stock has performed -26.65 percent around the most recent 30 days and changed -42.76 percent over the most recent 3-months.

If compared to the average trading volume of 2.34M shares, CANO reached to a volume of 3844491 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Cano Health Inc. [CANO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CANO shares is $16.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CANO stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Cano Health Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 10, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on October 20, 2021, representing the official price target for Cano Health Inc. stock. Previously, the target price had yet another raise to $11, while Piper Sandler analysts kept a Neutral rating on CANO stock.

The Average True Range (ATR) for Cano Health Inc. is set at 0.53, with the Price to Sales ratio for CANO stock in the period of the last 12 months amounting to 2.38. The Price to Book ratio for the last quarter was 3.74, with the Price to Cash per share for the same quarter was set at 0.41.

CANO stock trade performance evaluation

Cano Health Inc. [CANO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.97. With this latest performance, CANO shares dropped by -26.65% in over the last four-week period, additionally sinking by -37.27% over the last 6 months – not to mention a drop of -56.60% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CANO stock in for the last two-week period is set at 23.21, with the RSI for the last a single of trading hit 16.09, and the three-weeks RSI is set at 28.34 for Cano Health Inc. [CANO]. The present Moving Average for the last 50 days of trading for this stock 9.55, while it was recorded at 7.35 for the last single week of trading, and 11.85 for the last 200 days.

Cano Health Inc. [CANO]: An insightful look at the core fundamentals

Return on Total Capital for CANO is now -1.99, given the latest momentum, and Return on Invested Capital for the company is -10.05. Return on Equity for this stock declined to -10.05, with Return on Assets sitting at -8.35.

Reflecting on the efficiency of the workforce at the company, Cano Health Inc. [CANO] managed to generate an average of -$46,580 per employee.Cano Health Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.30.

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Cano Health Inc. [CANO]: Insider Ownership positions

There are presently around $1,093 million, or 84.80% of CANO stock, in the hands of institutional investors. The top three institutional holders of CANO stocks are: FMR LLC with ownership of 35,919,589, which is approximately -0.867% of the company’s market cap and around 2.20% of the total institutional ownership; VANGUARD GROUP INC, holding 12,064,733 shares of the stock with an approximate value of $88.07 million in CANO stocks shares; and THIRD POINT LLC, currently with $80.92 million in CANO stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Cano Health Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 75 institutional holders increased their position in Cano Health Inc. [NYSE:CANO] by around 38,320,080 shares. Additionally, 53 investors decreased positions by around 29,805,086 shares, while 12 investors held positions by with 81,593,636 shares. The mentioned changes placed institutional holdings at 149,718,802 shares, according to the latest SEC report filing. CANO stock had 45 new institutional investments in for a total of 28,700,845 shares, while 29 institutional investors sold positions of 11,363,841 shares during the same period.