The stock of Cardiff Oncology Inc (CRDF) has gone up by 6.25% for the week, with a -3.64% drop in the past month and a -29.59% drop in the past quarter. The volatility ratio for the week is 11.68%, and the volatility levels for the past 30 days are 8.04% for CRDF. The simple moving average for the past 20 days is 2.21% for CRDF’s stock, with a -8.84% simple moving average for the past 200 days.
Is It Worth Investing in Cardiff Oncology Inc (NASDAQ: CRDF) Right Now?
Company’s 36-month beta value is 1.96.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 CRDF is 41.11M, and currently, short sellers hold a 14.07% ratio of that floaft. The average trading volume of CRDF on August 12, 2024 was 593.18K shares.
CRDF) stock’s latest price update
The stock price of Cardiff Oncology Inc (NASDAQ: CRDF) has jumped by 11.74 compared to previous close of 2.13. Despite this, the company has seen a gain of 6.25% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-10 that Cardiff Oncology, Inc. (NASDAQ:CRDF ) Q2 2024 Results Conference Call August 8, 2024 4:30 PM ET Company Participants Kiki Patel – Investor Relations, Gilmartin Group Mark Erlander – Chief Executive Officer Jamie Levine – Chief Financial Officer Conference Call Participants Andy Hsieh – William Blair Marc Frahm – TD Cowen Operator Welcome to the Cardiff Oncology Second Quarter 2024 Financial Results and Business Update Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.
Analysts’ Opinion of CRDF
Robert W. Baird, on the other hand, stated in their research note that they expect to see CRDF reach a price target of $19. The rating they have provided for CRDF stocks is “Outperform” according to the report published on December 08th, 2021.
Maxim Group gave a rating of “Buy” to CRDF, setting the target price at $20 in the report published on August 09th of the previous year.
CRDF Trading at -4.68% from the 50-Day Moving Average
After a stumble in the market that brought CRDF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -62.93% of loss for the given period.
Volatility was left at 8.04%, however, over the last 30 days, the volatility rate increased by 11.68%, as shares sank -5.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.62% lower at present.
During the last 5 trading sessions, CRDF rose by +6.25%, which changed the moving average for the period of 200-days by +143.33% in comparison to the 20-day moving average, which settled at $2.32. In addition, Cardiff Oncology Inc saw 60.81% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRDF starting from PACE GARY W, who purchase 30,000 shares at the price of $1.37 back on Dec 19 ’23. After this action, PACE GARY W now owns 697,761 shares of Cardiff Oncology Inc, valued at $41,100 using the latest closing price.
Stock Fundamentals for CRDF
Current profitability levels for the company are sitting at:
- -67.11 for the present operating margin
- 0.37 for the gross margin
The net margin for Cardiff Oncology Inc stands at -61.44. The total capital return value is set at -0.83. Equity return is now at value -58.80, with -49.98 for asset returns.
Based on Cardiff Oncology Inc (CRDF), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -17.4. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -53.84.
Currently, EBITDA for the company is -45.01 million with net debt to EBITDA at 0.54. When we switch over and look at the enterprise to sales, we see a ratio of 124.49. The receivables turnover for the company is 1.47for 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 4.97.
Conclusion
In a nutshell, Cardiff Oncology Inc (CRDF) has experienced a mixed 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.
