On Monday, Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) was 39.82% up from the session before settling in for the closing price of $0.22. A 52-week range for CDIO has been $0.17 – $3.56.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 850.88%. When this article was written, the company’s average yearly earnings per share was at 45.45%. With a float of $21.95 million, this company’s outstanding shares have now reached $25.88 million.
The extent of productivity of a business whose workforce counts for 9 workers is very important to gauge. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Cardio Diagnostics Holdings Inc stocks. 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) 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
You can see what Cardio Diagnostics Holdings Inc (CDIO) is doing with its current performance indicators. In the most recent 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 201.73.
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)
The latest stats from [Cardio Diagnostics Holdings Inc, CDIO] show that its last 5-days average volume of 2.89 million was superior to 0.93 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 42.95%. 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 24.12%, which indicates a significant decrease from 84.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 150.26% in the past 14 days, which was higher than the 102.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2834, while its 200-day Moving Average is $0.8681. Now, the first resistance to watch is $0.3589. This is followed by the second major resistance level at $0.4059. The third major resistance level sits at $0.4779. If the price goes on to break the first support level at $0.2399, it is likely to go to the next support level at $0.1679. Assuming the price breaks the second support level, the third support level stands at $0.1209.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Key Stats
There are 22,686K outstanding shares of the company, which has a market capitalization of 8.07 million. As of now, sales total 20 K while income totals -8,380 K. Its latest quarter income was 10 K while its last quarter net income were -1,290 K.
