Cardio Diagnostics Holdings Inc (NASDAQ: CDIO)’s stock price has soared by 17.61 in relation to previous closing price of 0.25. Nevertheless, the company has seen a loss of -26.06% in its stock price over the last five trading days. businesswire.com reported 2024-10-01 that CHICAGO–(BUSINESS WIRE)–Cardio Diagnostics’ PrecisionCHD and Epi+Gen CHD tests have received preliminary pricing determinations from CMS.
Is It Worth Investing in Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Right Now?
The 36-month beta value for CDIO is also noteworthy at 4.61. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CDIO is 21.97M, and at present, short sellers hold a 7.65% of that float. The average trading volume of CDIO on November 18, 2024 was 2.71M shares.
CDIO’s Market Performance
CDIO’s stock has seen a -26.06% decrease for the week, with a 42.20% rise in the past month and a -33.34% fall in the past quarter. The volatility ratio for the week is 22.51%, and the volatility levels for the past 30 days are at 21.20% for Cardio Diagnostics Holdings Inc The simple moving average for the last 20 days is 2.22% for CDIO’s stock, with a simple moving average of -58.56% for the last 200 days.
CDIO Trading at 13.88% 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 -91.58% of loss for the given period.
Volatility was left at 21.20%, however, over the last 30 days, the volatility rate increased by 22.51%, as shares surge +29.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.39% lower at present.
During the last 5 trading sessions, CDIO fell by -26.28%, which changed the moving average for the period of 200-days by -86.09% in comparison to the 20-day moving average, which settled at $0.2933. In addition, Cardio Diagnostics Holdings Inc saw -87.96% 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 Philibert Robert, who purchase 34,075 shares at the price of $0.29 back on Sep 06 ’24. After this action, Philibert Robert now owns 1,683,867 shares of Cardio Diagnostics Holdings Inc, valued at $9,763 using the latest closing price.
Dogan Meeshanthini, the Chief Technology Officer of Cardio Diagnostics Holdings Inc, purchase 68,965 shares at $0.29 during a trade that took place back on Sep 06 ’24, which means that Dogan Meeshanthini is holding 197,310 shares at $20,000 based on the most recent closing price.
Stock Fundamentals for CDIO
Current profitability levels for the company are sitting at:
- -235.13 for the present operating margin
- -3.06 for the gross margin
The net margin for Cardio Diagnostics Holdings Inc stands at -231.26. The total capital return value is set at -2.01. Equity return is now at value -276.30, with -158.03 for asset returns.
Based on Cardio Diagnostics Holdings Inc (CDIO), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at -7.3. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -80.8.
Currently, EBITDA for the company is -1.53 million with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of 276.7. The receivables turnover for the company is 2.53for 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 8.51.
Conclusion
In summary, Cardio Diagnostics Holdings Inc (CDIO) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
