Maximus, Inc.
Company Overview: Maximus, Inc. (NYSE: MMS) provides business process services (BPS) in the health services and human services markets. The Company operates through three segments: U.S. Services, U.S. Federal Services, and Outside the U.S. The U.S. Services segment provides a variety of BPS, such as program administration, appeals and assessments, and related consulting work for United States state and local government programs.
As per our previous “American Tech Report” published on MMS on 25th Octorber 2022, Kalkine provided a ‘Buy’ stance on the stock at USD 56.69 based on ‘Higher ROE, lower balance sheet risk, and upside indicated based on Valuation done, and the stock price has now moved by ~23.74% since then and the price has crossed both the Resistance 1 and Resistance 2 levels.
Noted below are the details of support and resistance levels provided in our previous report:
MMS’s Daily Chart
(Source: Refinitiv, Analysis done by Kalkine Group)
Considering the resistance, the Fed’s latest announcement, current trading levels, risks associated, and volatile market conditions on the back of rising interest rates, a ‘Sell’ rating is assigned to the “MMS” at the closing market price of USD 70.15 (as of 23 November).
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