Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) on Monday, soared 4.39% from the previous trading day, before settling in for the closing price of $0.25. Within the past 52 weeks, CDIO’s price has moved between $0.19 and $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%. The company achieved an average annual earnings per share of 45.45%. With a float of $21.97 million, this company’s outstanding shares have now reached $25.91 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 -306.38%, operating margin of -23513.44%, and the pretax margin is -23125.63%.
Cardio Diagnostics Holdings Inc (CDIO) Insider and Institutional Ownership
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Cardio Diagnostics Holdings Inc is 15.19%, while institutional ownership is 6.42%. 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
Cardio Diagnostics Holdings Inc (CDIO) is currently performing well based on its current performance indicators. A quick ratio of 8.51 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 258.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.38, 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 2.6 million was superior to 1.29 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 11.80%. Additionally, its Average True Range was 0.06.
During the past 100 days, Cardio Diagnostics Holdings Inc’s (CDIO) raw stochastic average was set at 19.54%, which indicates a significant increase from 16.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 178.76% in the past 14 days, which was higher than the 118.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2627, while its 200-day Moving Average is $0.7235. Now, the first resistance to watch is $0.3101. This is followed by the second major resistance level at $0.3540. The third major resistance level sits at $0.3880. If the price goes on to break the first support level at $0.2322, it is likely to go to the next support level at $0.1982. The third support level lies at $0.1543 if the price breaches the second support level.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Key Stats
Market capitalization of the company is 10.35 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.
