The stock of Cardio Diagnostics Holdings Inc (CDIO) has gone down by -19.51% for the week, with a -25.00% drop in the past month and a -52.76% drop in the past quarter. The volatility ratio for the week is 10.74%, and the volatility levels for the past 30 days are 9.59% for CDIO. The simple moving average for the past 20 days is -20.89% for CDIO’s stock, with a -73.06% simple moving average for the past 200 days.
Is It Worth Investing in Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Right Now?
The stock has a 36-month beta value of 4.81. Opinions on the stock are mixed, with 2 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 19.88M, and at present, short sellers hold a 1.56% of that float. On September 04, 2024, the average trading volume of CDIO was 208.93K shares.
CDIO) stock’s latest price update
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO)’s stock price has dropped by -12.00 in relation to previous closing price of 0.38. Nevertheless, the company has seen a loss of -19.51% 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 -31.05% 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 -90.73% of loss for the given period.
Volatility was left at 9.59%, however, over the last 30 days, the volatility rate increased by 10.74%, as shares sank -8.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.00% lower at present.
During the last 5 trading sessions, CDIO fell by -19.51%, which changed the moving average for the period of 200-days by -68.87% in comparison to the 20-day moving average, which settled at $0.4156. In addition, Cardio Diagnostics Holdings Inc saw -86.75% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CDIO
Current profitability levels for the company are sitting at:
- -215.31 for the present operating margin
- -2.86 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 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -6.04. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is -12.43.
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 190.64. 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
To sum up, Cardio Diagnostics Holdings Inc (CDIO) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
