On Tuesday, Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) opened lower -3.45% from the last session, before settling in for the closing price of $0.22. Price fluctuations for CDIO have ranged from $0.17 to $3.56 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 850.88% over the past five years. Company’s average yearly earnings per share was noted 45.45% at the time writing. With a float of $21.58 million, this company’s outstanding shares have now reached $25.88 million.
Let’s look at the performance matrix of the company that is accounted for 9 employees. In terms of profitability, gross margin is -286.35%, operating margin of -21530.74%, and the pretax margin is -22415.27%.
Cardio Diagnostics Holdings Inc (CDIO) Insider Updates
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Cardio Diagnostics Holdings Inc is 16.62%, while institutional ownership is 6.94%. The most recent insider transaction that took place on Sep 06 ’24, was worth 9,763. In this transaction Chief Medical Officer of this company bought 34,075 shares at a rate of $0.29, taking the stock ownership to the 1,683,867 shares. Before that another transaction happened on Sep 06 ’24, when Company’s Chief Technology Officer bought 68,965 for $0.29, making the entire transaction worth $20,000. This insider now owns 197,310 shares in total.
Cardio Diagnostics Holdings Inc (CDIO) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 45.45% per share during the next fiscal year.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Trading Performance Indicators
Check out the current performance indicators for Cardio Diagnostics Holdings Inc (CDIO). In the past quarter, the stock posted a quick ratio of 5.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 137.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.48, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.25 in one year’s time.
Technical Analysis of Cardio Diagnostics Holdings Inc (CDIO)
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) saw its 5-day average volume 2.14 million, a positive change from its year-to-date volume of 0.84 million. As of the previous 9 days, the stock’s Stochastic %D was 29.18%. Additionally, its Average True Range was 0.03.
During the past 100 days, Cardio Diagnostics Holdings Inc’s (CDIO) raw stochastic average was set at 2.21%, which indicates a significant decrease from 15.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.36% in the past 14 days, which was higher than the 86.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3414, while its 200-day Moving Average is $1.0362. Nevertheless, the first resistance level for the watch stands at $0.2225 in the near term. At $0.2325, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.2403. If the price goes on to break the first support level at $0.2047, it is likely to go to the next support level at $0.1969. Assuming the price breaks the second support level, the third support level stands at $0.1869.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Key Stats
There are currently 22,686K shares outstanding in the company with a market cap of 5.50 million. Presently, the company’s annual sales total 20 K according to its annual income of -8,380 K. Last quarter, the company’s sales amounted to 10 K and its income totaled -1,290 K.
