CareMax: Market Reception To Latest Developments Poor, Revise To Hold

Dec. 16, 2022 1:14 AM ETCareMax, Inc. (CMAX)
Zach Bristow profile picture
Zach Bristow


  • Revising to neutral as the market was expecting more from the company looking ahead.
  • Despite growth in key segments, we note price action is a key risk to the investment debate.
  • Previous fundamental analysis in our last publication is still relevant.
  • Revise to neutral.

Two doctors looking at patient data on digital tablet


Investment Summary

Our buy call on CareMax, Inc. (NASDAQ:CMAX) has not been profitable and therefore are here today to revise the position down to neutral. Unfortunately, despite the growth percentages exhibited in its latest quarter, the market has reacted poorly and


Data: Updata


Data: HBI, Refinitiv Eikon, Koyfin


Image: CMAX Investor Presentation

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Image: CMAX Investor Presentation

This article was written by

Zach Bristow profile picture
Buy side equity strategist conducting a blend of fundamental, technical, long-term analysis across the broad healthcare, commodities and industrials spectrum in developed markets. Helping you position your portfolios for the future is my top priority. Shoot me a message to discuss trade ides or talk portfolio construction. Disclaimer:The opinions expressed in all articles do not constitute as investment advice. Please remember to conduct your own due diligence.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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