Cardio Diagnostics Holdings Inc (CDIO) volume hits 1.83 million: A New Opening for Investors

Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) open the trading on Thursday, with a bit cautious approach as it glided -6.52% to $0.22, before settling in for the price of $0.23 at the close. Taking a more long-term approach, CDIO posted a 52-week range of $0.17-$3.56.

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In the past 5-years timespan, the Healthcare sector firm’s annual sales growth was 850.88%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 45.45%. This publicly-traded company’s shares outstanding now amounts to $25.88 million, simultaneously with a float of $21.58 million. The organization now has a market capitalization sitting at $5.56 million. At the time of writing, stock’s 50-day Moving Average stood at $0.3561, while the 200-day Moving Average is $1.0661.

Cardio Diagnostics Holdings Inc (CDIO) Ownership Facts and Figures

Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Biotechnology industry. Cardio Diagnostics Holdings Inc’s current insider ownership accounts for 16.62%, in contrast to 6.94% institutional ownership. According to the most recent insider trade that took place on Sep 06 ’24, this organization’s Chief Medical Officer bought 34,075 shares at the rate of 0.29, making the entire transaction reach 9,763 in total value, affecting insider ownership by 1,683,867. Preceding that transaction, on Sep 06 ’24, Company’s Chief Technology Officer bought 68,965 for 0.29, making the whole transaction’s value amount to 20,000. This particular insider is now the holder of 197,310 in total.

Cardio Diagnostics Holdings Inc (CDIO) Earnings and Revenue Records

Cardio Diagnostics Holdings Inc’s EPS increase for this current 12-month fiscal period is 45.45% and is forecasted to reach -0.25 in the upcoming year.

Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Trading Performance Indicators

Let’s observe the current performance indicators for Cardio Diagnostics Holdings Inc (CDIO). It’s Quick Ratio in the last reported quarter now stands at 5.69. The Stock has managed to achieve an average true range (ATR) of 0.03. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 139.11.

In the same vein, CDIO’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.48, a figure that is expected to reach -0.05 in the next quarter, and analysts are predicting that it will be -0.25 at the market close of one year from today.

Technical Analysis of Cardio Diagnostics Holdings Inc (CDIO)

[Cardio Diagnostics Holdings Inc, CDIO] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 20.99% While, its Average True Range was 0.0298.

Raw Stochastic average of Cardio Diagnostics Holdings Inc (CDIO) in the period of the previous 100 days is set at 2.10%, which indicates a major fall in contrast to 17.10% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 89.51% that was higher than 86.73% volatility it exhibited in the past 100-days period.