Cardiff Oncology Inc (NASDAQ: CRDF)’s stock price has soared by 19.88 in relation to previous closing price of 3.27. Nevertheless, the company has seen a gain of 69.70% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-14 that The ‘Undercovered’ Dozen series highlights lesser-covered stocks, offering fresh investment ideas and sparking community discussions on their potential. Ubiquiti Inc. shows promise with operational improvements, Ready Capital Corporation faces liquidity risks, and TORM plc is crucial despite energy sector volatility. Esperion Therapeutics’ breakout and Cardiff Oncology’s promising trial data present compelling buy opportunities, while Advantest Corporation’s high valuation suggests caution.
Is It Worth Investing in Cardiff Oncology Inc (NASDAQ: CRDF) Right Now?
CRDF has 36-month beta value of 1.89. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CRDF is 47.52M, and currently, short sellers hold a 17.21% ratio of that float. The average trading volume of CRDF on December 16, 2024 was 1.66M shares.
CRDF’s Market Performance
CRDF stock saw an increase of 69.70% in the past week, with a monthly gain of 31.99% and a quarterly increase of 52.53%. The volatility ratio for the week is 18.36%, and the volatility levels for the last 30 days are 9.60% for Cardiff Oncology Inc (CRDF). The simple moving average for the past 20 days is 43.22% for CRDF’s stock, with a 23.45% simple moving average for the past 200 days.
Analysts’ Opinion of CRDF
Many brokerage firms have already submitted their reports for CRDF stocks, with Craig Hallum repeating the rating for CRDF by listing it as a “Buy.” The predicted price for CRDF in the upcoming period, according to Craig Hallum is $8 based on the research report published on September 06, 2024 of the current year 2024.
Robert W. Baird gave a rating of “Outperform” to CRDF, setting the target price at $19 in the report published on December 08th of the previous year.
CRDF Trading at 35.57% 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 -38.94% of loss for the given period.
Volatility was left at 9.60%, however, over the last 30 days, the volatility rate increased by 18.36%, as shares surge +38.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.94% upper at present.
During the last 5 trading sessions, CRDF rose by +69.70%, which changed the moving average for the period of 200-days by +122.10% in comparison to the 20-day moving average, which settled at $2.74. In addition, Cardiff Oncology Inc saw 164.86% 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 350,115 shares at the price of $2.60 back on Dec 11 ’24. After this action, PACE GARY W now owns 1,047,876 shares of Cardiff Oncology Inc, valued at $910,299 using the latest closing price.
PACE GARY W, the Director of Cardiff Oncology Inc, purchase 11,500 shares at $2.60 during a trade that took place back on Dec 11 ’24, which means that PACE GARY W is holding 1,059,376 shares at $29,900 based on the most recent closing price.
Stock Fundamentals for CRDF
Current profitability levels for the company are sitting at:
- -67.36 for the present operating margin
- 0.55 for the gross margin
The net margin for Cardiff Oncology Inc stands at -62.38. The total capital return value is set at -0.92. Equity return is now at value -67.57, with -56.80 for asset returns.
Currently, EBITDA for the company is -45.01 million with net debt to EBITDA at 0.25. When we switch over and look at the enterprise to sales, we see a ratio of 274.44. The receivables turnover for the company is 1.11for 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 4.74.
Conclusion
To put it simply, Cardiff Oncology Inc (CRDF) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
