Insider Activity Monitoring: Cano Health Inc. (CANO)

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Cano Health Inc. (NYSE:CANO) saw a downside of -2.90% to close Monday at $1.34 after subtracting -$0.04 on the day. The 5-day average trading volume is 7,351,840 shares of the company’s common stock. It has gained $1.5000 in the past week and touched a new high 1 time within the past 5 days. An average of 9,573,045 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,679,536.

CANO’s 1-month performance is 16.52% or $0.2700 on its low of $0.9801 reached on 12/27/22. The company’s shares have touched a 52-week low of $0.98 and high of $9.75, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, CANO has lost -2.19% or -$0.0300 and has reached a new high 3 times. However, the current price is down -86.26% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.26 while the price-to-book (PB) in the most recent quarter is 0.77.

As well, the company’s long term debt to equity for the quarter ending September 29 was 2.26, while the total debt to equity was 2.28. The firm’s gross profit as reported stood at $1.74 billion against revenue of $1.61 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 73.0% to -$54.23 million, while revenue of -$5.33 million was 90.17% off the previous quarter. Analysts expected CANO to announce -$0.05 per share in earnings in its latest quarter, but it posted -$0.23, representing a -360.00% surprise. EBITDA for the quarter stood at more than -$4.93 million. CANO stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 1.41 billion, with total debt at $1.11 billion. Shareholders hold equity totaling $494.48 million.

Let’s look briefly at Cano Health Inc. (CANO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 50.77% to suggest the stock is trending Neutral, with historical volatility in this time period at 139.23%.

The stock’s 5-day moving average is $1.3740, reflecting a -9.46% or -$0.1400 change from its current price. CANO is currently trading +12.61% above its 20-day SMA, -80.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -61.82% and SMA200 by-78.70%.

Stochastic %K and %D was 66.67% and 69.62% and the average true range (ATR) pointed at 0.1442. The RSI (14) points at 46.48%, while the 14-day stochastic is at 63.83% with the period’s ATR at 0.1624. The stock’s 9-day MACD Oscillator is pointing at -0.0289 and 0.0619 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Cano Health Inc. (NYSE: CANO), UBS downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for CANO stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate CANO as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is CANO’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $1.20 and a high of $7.00, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for Cano Health Inc. (CANO) stock is $3.78.

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