The -13.88% Decline of Cardio Diagnostics Holdings Inc’s (CDIO) Stock in the Past Quarter

In the past week, CDIO stock has gone down by -11.24%, with a monthly decline of -14.78% and a quarterly plunge of -55.71%. The volatility ratio for the week is 7.02%, and the volatility levels for the last 30 days are 10.88% for Cardio Diagnostics Holdings Inc The simple moving average for the past 20 days is -15.78% for CDIO’s stock, with a -48.86% simple moving average for the past 200 days.

Is It Worth Investing in Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Right Now?

Company’s 36-month beta value is 5.04.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for CDIO is 18.66M, and currently, short sellers hold a 6.95% ratio of that floaft. The average trading volume of CDIO on June 11, 2024 was 510.84K shares.

CDIO) stock’s latest price update

Cardio Diagnostics Holdings Inc (NASDAQ: CDIO)’s stock price has dropped by -8.47 in relation to previous closing price of 0.68. Nevertheless, the company has seen a loss of -11.24% in its stock price over the last five trading days. businesswire.com reported 2024-06-10 that CHICAGO–(BUSINESS WIRE)–Cardio Diagnostics today announced the successful completion of its System and Organization Controls (SOC) 2 Type I audit.

CDIO Trading at -27.57% from the 50-Day Moving Average

After a stumble in the market that brought CDIO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.58% of loss for the given period.

Volatility was left at 10.88%, however, over the last 30 days, the volatility rate increased by 7.02%, as shares sank -31.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.34% lower at present.

During the last 5 trading sessions, CDIO fell by -11.24%, which changed the moving average for the period of 200-days by +6.91% in comparison to the 20-day moving average, which settled at $0.7219. In addition, Cardio Diagnostics Holdings Inc saw -75.10% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CDIO starting from Dogan Timur, who purchase 16,481 shares at the price of $0.55 back on Aug 31 ’23. After this action, Dogan Timur now owns 128,345 shares of Cardio Diagnostics Holdings Inc, valued at $8,982 using the latest closing price.

Dogan Meeshanthini, the Chief Executive Officer of Cardio Diagnostics Holdings Inc, purchase 16,481 shares at $0.55 during a trade that took place back on Aug 31 ’23, which means that Dogan Meeshanthini is holding 128,345 shares at $8,982 based on the most recent closing price.

Stock Fundamentals for CDIO

Current profitability levels for the company are sitting at:

  • -293.92 for the present operating margin
  • -2.49 for the gross margin

The net margin for Cardio Diagnostics Holdings Inc stands at -348.8. The total capital return value is set at -2.66. Equity return is now at value -356.34, with -178.70 for asset returns.

Based on Cardio Diagnostics Holdings Inc (CDIO), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at -4.93. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is -5.62.

Currently, EBITDA for the company is -7.13 million with net debt to EBITDA at 0.05. When we switch over and look at the enterprise to sales, we see a ratio of 411.24. The receivables turnover for the company is 1.74for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.78.

Conclusion

In a nutshell, Cardio Diagnostics Holdings Inc (CDIO) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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