NYSE:CANO

Cano Health (CANO) Stock Forecast, Price & News

$0.41

-1.11 (-73.00%)

(As of 08/11/2023 08:48 PM ET)

Compare

Today's Range: $0.38
▼
$0.80
50-Day Range: $0.41
▼
$1.73
52-Week Range: $0.38
▼
$9.75

Volume: 91.50 million shs
Average Volume: 6.59 million shs
Market Capitalization: $220.00 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.69

Cano Health MarketRank™ Forecast

Analyst Rating: Reduce
1.90 Rating Score
Upside/Downside: 556.4% Upside
$2.69 Price Target
Short Interest: Bearish
13.96% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.54
Based on 23 Articles This Week
Insider Trading: Selling Shares
$1.25 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.31) to ($0.25) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.71 out of 5 stars

Medical Sector

856th out of 987 stocks

Offices & Clinics Of Medical Doctors Industry

5th out of 6 stocks

3.0

Analyst's Opinion

Consensus Rating
Cano Health has received a consensus rating of Reduce. The company's average rating score is 1.90, and is based on no buy ratings, 9 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $2.69, Cano Health has a forecasted upside of 556.4% from its current price of $0.41.
Amount of Analyst Coverage
Cano Health has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
13.96% of the float of Cano Health has been sold short.
Short Interest Ratio / Days to Cover
Cano Health has a short interest ratio ("days to cover") of 7.
Change versus previous month
Short interest in Cano Health has recently increased by 2.02%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Cano Health does not currently pay a dividend.
Dividend Growth
Cano Health does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CANO.

1.4

News and Social Media Coverage

News Sentiment
Cano Health has a news sentiment score of -0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 23 news articles for Cano Health this week, compared to 4 articles on an average week.
Search Interest
26 people have searched for CANO on MarketBeat in the last 30 days. This is an increase of 225% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Cano Health to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cano Health insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,253,328.00 in company stock.
Percentage Held by Insiders
16.41% of the stock of Cano Health is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 34.05% of the stock of Cano Health is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Cano Health are expected to grow in the coming year, from ($0.31) to ($0.25) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cano Health is -0.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cano Health is -0.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Cano Health has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Cano Health (NYSE:CANO) Stock

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.

CANO Price History

30 days | 90 days | 365 days | Advanced Chart

CANO Stock News Headlines

August 12, 2023 | msn.com

Cano Health Warns It May Not Be Able to Stay in Business, Looks for Buyer

August 12, 2023 | markets.businessinsider.com

Cano Health Announces Financial Results for the Second Quarter 2023

August 14, 2023 | Investor Place Media (Ad)

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August 12, 2023 | barrons.com

Cano Health Stock Dives 49% After Warning About Its Future. It’s Looking for Buyers.

August 12, 2023 | msn.com

Cano Health Stock Dives 65% After Warning About Its Future

August 11, 2023 | msn.com

Cano plunges after going concern warning in Q2 results

August 11, 2023 | finance.yahoo.com

These Stocks Are Moving the Most Today: Cano Health, Maxeon Solar, IonQ, Lucid, and More

August 11, 2023 | finance.yahoo.com

Q2 2023 Cano Health Inc Earnings Call

August 14, 2023 | Chaikin Analytics (Ad)

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August 11, 2023 | finance.yahoo.com

These Stocks Moved the Most Today: Cano Health, Maxeon Solar, IonQ, Lucid, and More

August 11, 2023 | msn.com

Cano Health: Bankruptcy Likely After Dismal Q2 Results And Debt Covenant Violations

August 10, 2023 | msn.com

Cano Health stock dives 50% on ‘going concern’ warning

August 10, 2023 | finance.yahoo.com

Cano Health to cut 700 workers, explore company sale

August 10, 2023 | marketwatch.com

Cano Health Explores Sale of Business, Cuts 17% of Workforce

August 10, 2023 | reuters.com

Cano Health sinks on raising going concern doubts

August 10, 2023 | markets.businessinsider.com

Cano Health Stock Plummets After-Hours Following Dismal Q2 Results, Seeks Strategic Options Inducing Sale

August 9, 2023 | finance.yahoo.com

Cano Health Reschedules Second Quarter 2023 Earnings Conference Call

August 9, 2023 | markets.businessinsider.com

Truist Financial Reaffirms Their Buy Rating on Agilon Health (AGL)

August 9, 2023 | markets.businessinsider.com

Evolent Health (EVH) Gets a Hold from Truist Financial

August 8, 2023 | americanbankingnews.com

Cano Health (CANO) Scheduled to Post Quarterly Earnings on Wednesday

August 7, 2023 | markets.businessinsider.com

Truist Financial Sticks to Its Hold Rating for Evolent Health (EVH)

August 1, 2023 | markets.businessinsider.com

Truist Financial Sticks to Their Hold Rating for NextGen Healthcare (NXGN)

July 26, 2023 | finance.yahoo.com

Cano Health Announces Date to Report Second Quarter 2023 Results

July 19, 2023 | markets.businessinsider.com

Truist Financial Keeps Their Hold Rating on Cano Health (CANO)

July 18, 2023 | finance.yahoo.com

Shareholders in Cano Health (NYSE:CANO) are in the red if they invested three years ago

July 17, 2023 | msn.com

Cano Health gains amid renewed call for asset sales from shareholder group

July 6, 2023 | finance.yahoo.com

CANO-WT - Cano Health, Inc. WT

See More Headlines

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CANO Company Calendar

Today: 8/13/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Offices & clinics of medical doctors
Sub-Industry: N/A
Sector: Medical
Current Symbol: NYSE:CANO
CUSIP: N/A
CIK: 1800682
Web: canohealth.com
Phone: 855-226-6633
Fax: N/A
Employees: 4,365
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $2.69
High Stock Price Forecast: $7.00
Low Stock Price Forecast: $0.80
Forecasted Upside/Downside: +556.4%
Consensus Rating: Reduce
Rating Score (0-4): 1.90
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.47)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-207,270,000.00
Net Margins: -12.47%
Pretax Margin: -16.81%
Return on Equity: -11.38%
Return on Assets: -3.34%

Debt

Debt-to-Equity Ratio: 2.02
Current Ratio: 1.47
Quick Ratio: 1.47

Sales & Book Value

Annual Sales: $2.74 billion
Price / Sales: 0.08
Cash Flow: $0.84 per share
Price / Cash Flow: 0.49
Book Value: $1.00 per share
Price / Book: 0.41

Miscellaneous

Outstanding Shares: 536,070,000
Free Float: 448,102,000
Market Cap: $220.00 million
Optionable: Optionable
Beta: 0.01

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Key Executives

Dr. Marlow Hernandez Cano (Age 38)
Founder, Pres & Director
Comp: $358.88k

Mr. Brian D. Koppy (Age 54)
Chief Financial Officer
Comp: $333.9k

Mr. Bob Camerlinck (Age 56)
Chief Operating Officer
Comp: $471.5k

Mr. David J. Armstrong Esq. (Age 58)
J.D., Chief Compliance Officer & Sec.
Comp: $243.97k

Dr. Richard B. Aguilar M.D. (Age 66)
Chief Clinical Officer
Comp: $300k

Mr. Mark Kent
Interim Chief Exec. Officer

Mr. Mark Novell (Age 60)
Chief Accounting Officer

Eric Santiago
Chief Technology Officer

Ms. Amy Charley
Chief Admin. Officer

Frederick Green
Interim Chief Legal Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CANO Stock - Frequently Asked Questions

Should I buy or sell Cano Health stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cano Health in the last year. There are currently 1 sell rating and 9 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" CANO shares.
View CANO analyst ratings or view top-rated stocks.
What is Cano Health's stock price forecast for 2023?: 10 analysts have issued 12 month target prices for Cano Health's shares. Their CANO share price forecasts range from $0.80 to $7.00. On average, they predict the company's stock price to reach $2.69 in the next year. This suggests a possible upside of 556.4% from the stock's current price.
View analysts price targets for CANO or view top-rated stocks among Wall Street analysts.
How have CANO shares performed in 2023?: Cano Health's stock was trading at $1.37 at the start of the year. Since then, CANO shares have decreased by 70.0% and is now trading at $0.4104.
View the best growth stocks for 2023 here.
Are investors shorting Cano Health?: Cano Health saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 28,280,000 shares, a decrease of 7.9% from the June 30th total of 30,690,000 shares. Based on an average daily trading volume, of 3,920,000 shares, the days-to-cover ratio is presently 7.2 days. Approximately 13.7% of the shares of the stock are short sold.
View Cano Health's Short Interest.
When is Cano Health's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our CANO earnings forecast.
What is Cano Health's stock symbol?: Cano Health trades on the New York Stock Exchange (NYSE) under the ticker symbol "CANO."

Who are Cano Health's major shareholders?: Cano Health's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (0.81%), Transcend Capital Advisors LLC (0.63%), Northern Trust Corp (0.36%), Charles Schwab Investment Management Inc. (0.30%), Bank of New York Mellon Corp (0.15%) and BCK Capital Management LP (0.12%). Insiders that own company stock include Brian D Koppy, David J Armstrong, Lewis Gold, Marlow Hernandez, Richard Aguilar and Solomon D Trujillo.
View institutional ownership trends.
How do I buy shares of Cano Health?: Shares of CANO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Cano Health's stock price today?: One share of CANO stock can currently be purchased for approximately $0.41.
How much money does Cano Health make?: Cano Health (NYSE:CANO) has a market capitalization of $220.00 million and generates $2.74 billion in revenue each year. The company earns $-207,270,000.00 in net income (profit) each year or ($1.47) on an earnings per share basis.
How many employees does Cano Health have?: The company employs 4,365 workers across the globe.
How can I contact Cano Health?: Cano Health's mailing address is 1601 WASHINGTON AVENUE SUITE 800, MIAMI BEACH FL, 33139. The official website for the company is canohealth.com. The company can be reached via phone at 855-226-6633 or via email at canohealthir@westwicke.com.

This page (NYSE:CANO) was last updated on 8/14/2023 by MarketBeat.com Staff

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Cano Health (CANO) Stock Forecast, Price & News

Cano Health MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Cano Health (NYSE:CANO) Stock

CANO Price History

CANO Stock News Headlines

CANO Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CANO Stock - Frequently Asked Questions

Overall MarketRank^™