Mednax Inc Stock Price on March 13, 2024
| MD Stock | USD 8.48 0.05 0.59% |
Below is the normalized historical share price chart for Mednax Inc extending back to September 20, 1995. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mednax stands at 8.48, as last reported on the 16th of May 2024, with the highest price reaching 8.79 and the lowest price hitting 8.27 during the day.
If you're considering investing in Mednax Stock, it is important to understand the factors that can impact its price. Mednax Inc has Sharpe Ratio of -0.0475, which conveys that the firm had a -0.0475% return per unit of risk over the last 3 months. Mednax exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mednax's Standard Deviation of 2.46, mean deviation of 1.86, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide.
At present, Mednax's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 6.9 M, whereas Other Stockholder Equity is forecasted to decline to about 695.6 M. . As of May 16, 2024, Price To Sales Ratio is expected to decline to 0.37. The current year's Price Earnings Ratio is expected to grow to -12.29. Mednax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 19th of September 1995 | 200 Day MA 10.5514 | 50 Day MA 9.1642 | Beta 1.587 |
Mednax |
Sharpe Ratio = -0.0475
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| Negative Returns | MD |
Estimated Market Risk
| 2.46 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Mednax is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mednax by adding Mednax to a well-diversified portfolio.
Price Book 0.9144 | Enterprise Value Ebitda 43.5074 | Price Sales 0.3892 | Shares Float 81.7 M | Wall Street Target Price 9.07 |
Mednax Main Headline on 13th of March 2024
Disposition of 12923 shares by Pickert Curtis of Mednax subj... by Pickert Curtis
Filed transaction by Mednax Inc Officer: Evp, Chief Operating Officer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Mednax Valuation on March 13, 2024
It is possible to determine the worth of Mednax on a given historical date. On March 13, 2024 Mednax was worth 9.37 at the beginning of the trading date compared to the closed value of 9.39. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mednax stock. Still, in general, we apply an absolute valuation method to find Mednax's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mednax where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mednax's related companies.
| Open | High | Low | Close | Volume | |
| 9.06 | 9.43 | 8.92 | 9.36 | 1,200,666 | |
03/13/2024 | 9.37 | 9.61 | 9.33 | 9.39 | 721,894 |
| 9.33 | 9.33 | 8.99 | 9.08 | 671,476 |
| Backtest Mednax | | | Mednax History | | | Mednax Valuation | Previous | Next |
Mednax Trading Date Momentum on March 13, 2024
| On March 14 2024 Mednax Inc was traded for 9.08 at the closing time. The highest price during the trading period was 9.33 and the lowest recorded bid was listed for 8.99 . The volume for the day was 671.5 K. This history from March 14, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 3.30% . The trading delta at closing time to the current price is 0.96% . |
Mednax Inc Fundamentals Correlations and Trends
By evaluating Mednax's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mednax's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mednax financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mednax Stock history
Mednax investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mednax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mednax Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mednax stock prices may prove useful in developing a viable investing in Mednax
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 82.2 M | 77.1 M | |
| Net Income Applicable To Common Shares | 59.7 M | 48.1 M |
Mednax Quarterly Net Working Capital |
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Mednax Stock Technical Analysis
Mednax technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Mednax Period Price Range
Low | March 13, 2024
| High |
9.37 | 9.39 |
Mednax May 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Mednax stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mednax shares will generate the highest return on investment. By undertsting and applying Mednax stock market strength indicators, traders can identify Mednax Inc entry and exit signals to maximize returns
| Accumulation Distribution | 21033.33 | |||
| Daily Balance Of Power | 0.0714 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 9.47 | |||
| Day Typical Price | 9.44 | |||
| Price Action Indicator | (0.07) | |||
| Period Momentum Indicator | (0.91) |
Mednax Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mednax's price direction in advance. Along with the technical and fundamental analysis of Mednax Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mednax to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.14) |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mednax Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Mednax Inc information on this page should be used as a complementary analysis to other Mednax's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Mednax Stock analysis
When running Mednax's price analysis, check to measure Mednax's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mednax is operating at the current time. Most of Mednax's value examination focuses on studying past and present price action to predict the probability of Mednax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mednax's price. Additionally, you may evaluate how the addition of Mednax to your portfolios can decrease your overall portfolio volatility.
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Is Mednax's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mednax. If investors know Mednax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mednax listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.71) | Earnings Share (0.12) | Revenue Per Share 24.244 | Quarterly Revenue Growth 0.008 | Return On Assets 0.0424 |
The market value of Mednax Inc is measured differently than its book value, which is the value of Mednax that is recorded on the company's balance sheet. Investors also form their own opinion of Mednax's value that differs from its market value or its book value, called intrinsic value, which is Mednax's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mednax's market value can be influenced by many factors that don't directly affect Mednax's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mednax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mednax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mednax's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.