Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) on Tuesday, soared 1.61% from the previous trading day, before settling in for the closing price of $0.21. Within the past 52 weeks, CDIO’s price has moved between $0.17 and $3.56.
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Healthcare Sector giant saw their annual sales surged by 850.88% over the last five years. The company achieved an average annual earnings per share of 45.45%. With a float of $21.95 million, this company’s outstanding shares have now reached $25.88 million.
The firm has a total of 9 workers. Let’s measure their productivity. 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 Activity
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Cardio Diagnostics Holdings Inc is 15.21%, 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) Earnings and Forecasts
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
Cardio Diagnostics Holdings Inc (CDIO) is currently performing well based on its current performance indicators. A quick ratio of 5.69 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 138.59.
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)
Analysing the last 5-days average volume posted by the [Cardio Diagnostics Holdings Inc, CDIO], we can find that recorded value of 0.82 million was lower than the volume posted last year of 0.84 million. As of the previous 9 days, the stock’s Stochastic %D was 40.13%. Additionally, its Average True Range was 0.02.
During the past 100 days, Cardio Diagnostics Holdings Inc’s (CDIO) raw stochastic average was set at 4.48%, which indicates a significant decrease from 33.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.22% in the past 14 days, which was higher than the 83.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3193, while its 200-day Moving Average is $0.9815. Now, the first resistance to watch is $0.2201. This is followed by the second major resistance level at $0.2261. The third major resistance level sits at $0.2336. If the price goes on to break the first support level at $0.2066, it is likely to go to the next support level at $0.1991. Should the price break the second support level, the third support level stands at $0.1931.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Key Stats
Market capitalization of the company is 5.54 million based on 22,686K outstanding shares. Right now, sales total 20 K and income totals -8,380 K. The company made 10 K in profit during its latest quarter, and -1,290 K in sales during its previous quarter.
