Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) kicked off on November 20, 2023, at the price of $1.46, up 123.23% from the previous trading day. During the day, the shares moved up to $2.41 and dropped to $1.26 before settling in for the closing price of $0.99. Over the past 52 weeks, CDIO has traded in a range of $0.17-$8.50.
During the last 5-year period, the sales growth of Healthcare Sector giant was 5.44%. While this was happening, its average annual earnings per share was recorded 29.47%. With a float of $13.88 million, this company’s outstanding shares have now reached $20.52 million.
Let’s determine the extent of company efficiency that accounts for 8 employees. In terms of profitability, gross margin is -1584.21, operating margin of -478784.32, and the pretax margin is -490630.00.
Cardio Diagnostics Holdings Inc (CDIO) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Cardio Diagnostics Holdings Inc is 32.36%, while institutional ownership is 2.32%. The most recent insider transaction that took place on Aug 31, was worth 8,982. In this transaction Chief Technology Officer of this company bought 16,481 shares at a rate of $0.55, taking the stock ownership to the 128,345 shares. Before that another transaction happened on Aug 31, when Company’s Chief Executive Officer bought 16,481 for $0.55, making the entire transaction worth $8,982. This insider now owns 128,345 shares in total.
Cardio Diagnostics Holdings Inc (CDIO) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.16 earnings per share (EPS), higher than consensus estimate (set at -$0.27) by $0.11. This company achieved a net margin of -490630.00 while generating a return on equity of -13.32. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 29.47% per share during the next fiscal year.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Trading Performance Indicators
Take a look at Cardio Diagnostics Holdings Inc’s (CDIO) current performance indicators. Last quarter, stock had a quick ratio of 1.23. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4534.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.10, a number that is poised to hit -0.28 in the next quarter and is forecasted to reach -0.80 in one year’s time.
Technical Analysis of Cardio Diagnostics Holdings Inc (CDIO)
Looking closely at Cardio Diagnostics Holdings Inc (NASDAQ: CDIO), its last 5-days average volume was 31.18 million, which is a jump from its year-to-date volume of 4.62 million. As of the previous 9 days, the stock’s Stochastic %D was 52.37%. Additionally, its Average True Range was 0.30.
During the past 100 days, Cardio Diagnostics Holdings Inc’s (CDIO) raw stochastic average was set at 91.07%, which indicates a significant increase from 90.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 502.95% in the past 14 days, which was higher than the 240.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5100, while its 200-day Moving Average is $1.6200. However, in the short run, Cardio Diagnostics Holdings Inc’s stock first resistance to watch stands at $2.6600. Second resistance stands at $3.1100. The third major resistance level sits at $3.8100. If the price goes on to break the first support level at $1.5100, it is likely to go to the next support level at $0.8100. Now, if the price goes above the second support level, the third support stands at $0.3600.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Key Stats
The company with the Market Capitalisation of 45.35 million has total of 11,776K Shares Outstanding. Its annual sales at the moment are 1 K in contrast with the sum of -4,660 K annual income. Company’s last quarter sales were recorded 0 K and last quarter income was -4,020 K.