Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) on Monday, soared 7.27% from the previous trading day, before settling in for the closing price of $0.26. Within the past 52 weeks, CDIO’s price has moved between $0.19 and $3.56.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Healthcare sector has jumped its sales by 850.88% annually for the last half of the decade. 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.
In an organization with 9 employees, it is important to assess its efficiency. 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
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) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.16 earnings per share (EPS) for the period topping the consensus outlook (set at -0.27) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.11 per share during the current fiscal year.
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 167.84.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 3.08 million. That was better than the volume of 0.98 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 52.76%. Additionally, its Average True Range was 0.04.
During the past 100 days, Cardio Diagnostics Holdings Inc’s (CDIO) raw stochastic average was set at 19.33%, which indicates a significant decrease from 58.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 182.82% in the past 14 days, which was higher than the 108.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2664, while its 200-day Moving Average is $0.8133. However, in the short run, Cardio Diagnostics Holdings Inc’s stock first resistance to watch stands at $0.2987. Second resistance stands at $0.3184. The third major resistance level sits at $0.3428. If the price goes on to break the first support level at $0.2546, it is likely to go to the next support level at $0.2302. Assuming the price breaks the second support level, the third support level stands at $0.2105.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Key Stats
Market capitalization of the company is 6.71 million based on 23,942K 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.
