A new trading day began on Monday, with Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) stock price up 3.15% from the previous day of trading, before settling in for the closing price of $0.39. CDIO’s price has ranged from $0.19 to $3.56 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 850.88% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 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 and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. 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) Latest Financial update
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
Here are Cardio Diagnostics Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 5.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 243.01.
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 13.33 million. That was better than the volume of 1.26 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 60.63%. Additionally, its Average True Range was 0.05.
During the past 100 days, Cardio Diagnostics Holdings Inc’s (CDIO) raw stochastic average was set at 46.87%, which indicates a significant decrease from 63.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 203.19% in the past 14 days, which was higher than the 117.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2649, while its 200-day Moving Average is $0.7699. However, in the short run, Cardio Diagnostics Holdings Inc’s stock first resistance to watch stands at $0.4169. Second resistance stands at $0.4283. The third major resistance level sits at $0.4367. If the price goes on to break the first support level at $0.3971, it is likely to go to the next support level at $0.3887. The third support level lies at $0.3773 if the price breaches the second support level.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Key Stats
With a market capitalization of 9.72 million, the company has a total of 23,942K Shares Outstanding. Currently, annual sales are 20 K while annual income is -8,380 K. The company’s previous quarter sales were 10 K while its latest quarter income was -1,290 K.
