Cano Health Inc. (NYSE:CANO) shares traded 8.07% higher at $0.44 on Wall Street last session.
In accordance with the data, 9 analysts cover Cano Health Inc. (NYSE:CANO). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $0.50, we find $1.00. Given the previous closing price of $0.41, this indicates a potential upside of 143.9 percent. CANO stock price is now -67.80% away from the 50-day moving average and -70.71% away from the 200-day moving average. The market capitalization of the company currently stands at $881.38M.
It has been rated a hold by 6 analysts and a buy by 1. Brokers who have rated the stock have averaged $1.33 as their price target over the next twelve months.
In other news, Aguilar Richard, Chief Clinical Officer sold 400,000 shares of the company’s stock on Jun 29. The stock was sold for $525,760 at an average price of $1.31. Upon completion of the transaction, the Chief Clinical Officer now directly owns 1,213,984 shares in the company, valued at $0.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 28, Chief Clinical Officer Aguilar Richard sold 150,000 shares of the business’s stock. A total of $183,300 was realized by selling the stock at an average price of $1.22. This leaves the insider owning 1,613,984 shares of the company worth $0.71 million. Insiders disposed of 11,715,428 shares of company stock worth roughly $5.15 million over the past 1 year. A total of 11.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CANO stock. A new stake in Cano Health Inc. shares was purchased by NORGES BANK during the first quarter worth $1,173,000. LEVIN CAPITAL STRATEGIES, L.P. invested $135,000 in shares of CANO during the first quarter. In the first quarter, WALLEYE CAPITAL LLC acquired a new stake in Cano Health Inc. valued at approximately $50,000. TWO SIGMA INVESTMENTS, LP acquired a new stake in CANO for approximately $37,000. STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM purchased a new stake in CANO valued at around $30,000 in the second quarter.
Cano Health Inc. (NYSE: CANO) opened at $0.4193 on Monday. During the past 12 months, Cano Health Inc. has had a low of $0.38 and a high of $9.75. The fifty day moving average price for CANO is $1.3587 and a two-hundred day moving average price translates $1.4957 for the stock.
The latest earnings results from Cano Health Inc. (NYSE: CANO) was released for Jun, 2023. According to the Medical Care Facilities Company, earnings per share came in at -$0.51, missing analysts’ expectations of -$0.12 by -0.39. This compares to -$0.03 EPS in the same period last year. The company reported revenue of $766.75 million for the quarter, compared to $689.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.22 percent. For the current quarter, analysts expect CANO to generate $775.2M in revenue.
Cano Health Inc.(CANO) Company Profile
Cano Health, Inc. provides primary care medical services to its members in the United States and Puerto Rico. It owns and operates medical centers enabled by CanoPanorama, a proprietary population health management technology-powered platform that provides the healthcare providers at its medical centers with a 360-degree view of their members with actionable insights to improve care decisions and member engagement. The company also operates pharmacies, as well as provides dental services in its medical centers. Cano Health, Inc. was founded in 2009 and is headquartered in Miami, Florida.
