The stock of Cardio Diagnostics Holdings Inc (CDIO) has seen a 2.76% increase in the past week, with a -17.00% drop in the past month, and a -53.07% decrease in the past quarter. The volatility ratio for the week is 11.52%, and the volatility levels for the past 30 days are at 9.60% for CDIO. The simple moving average for the past 20 days is -9.75% for CDIO’s stock, with a -66.12% simple moving average for the past 200 days.
Is It Worth Investing in Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Right Now?
The 36-month beta value for CDIO is at 4.85. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CDIO is 18.84M, and currently, shorts hold a 1.44% of that float. The average trading volume for CDIO on August 14, 2024 was 325.37K shares.
CDIO) stock’s latest price update
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) has experienced a decline in its stock price by -5.84 compared to its previous closing price of 0.45. However, the company has seen a gain of 2.76% in its stock price over the last five trading days. businesswire.com reported 2024-06-25 that CHICAGO–(BUSINESS WIRE)–Cardio Diagnostics will sponsor a booth and showcase its groundbreaking cardiovascular solutions at the 2024 Onsite Employee Health Clinics Forum.
CDIO Trading at -21.86% 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 -88.20% of loss for the given period.
Volatility was left at 9.60%, however, over the last 30 days, the volatility rate increased by 11.52%, as shares sank -18.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.37% lower at present.
During the last 5 trading sessions, CDIO rose by +2.76%, which changed the moving average for the period of 200-days by +110.00% in comparison to the 20-day moving average, which settled at $0.4605. In addition, Cardio Diagnostics Holdings Inc saw -83.13% 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:
- -215.31 for the present operating margin
- -1.82 for the gross margin
The net margin for Cardio Diagnostics Holdings Inc stands at -224.15. The total capital return value is set at -2.33. Equity return is now at value -293.27, with -163.16 for asset returns.
Based on Cardio Diagnostics Holdings Inc (CDIO), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at -6.77. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is -12.64.
Currently, EBITDA for the company is -7.13 million with net debt to EBITDA at 0.06. When we switch over and look at the enterprise to sales, we see a ratio of 229.82. The receivables turnover for the company is 5.2for 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 5.69.
Conclusion
In conclusion, Cardio Diagnostics Holdings Inc (CDIO) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
