Cano Health (NYSE: CANO), a value-based primary care provider, saw its shares drop 29.5% this week, according to data from S&P Global Market Intelligence. Its stock is likely to bounce back a little next week, as bargain hunters may flock to the stock now that it has hit a 52-week low.
Shares of Cano Health (NYSE: CANO) were crashing 31.6% lower as of 11:25 a.m. ET on Thursday. The steep decline came after the primary care provider announced its third-quarter results following the market close on Wednesday. The consensus among analysts surveyed by Refinitiv was for Cano to record a net loss of $0.05 per share.
Cano Health, Inc. (CANO) delivered earnings and revenue surprises of 75% and 6.61%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?