On Monday, Caredx Inc (NASDAQ: CDNA) was 4.48% up from the session before settling in for the closing price of $24.54. A 52-week range for CDNA has been $7.42 – $34.84.
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Annual sales at Healthcare sector company grew by 33.42% over the past five years. When this article was written, the company’s average yearly earnings per share was at 80.23%. With a float of $50.16 million, this company’s outstanding shares have now reached $53.11 million.
Let’s look at the performance matrix of the company that is accounted for 643 employees. In terms of profitability, gross margin is 65.16%, operating margin of -18.45%, and the pretax margin is -45.8%.
Caredx Inc (CDNA) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Caredx Inc stocks. The insider ownership of Caredx Inc is 6.48%, while institutional ownership is 97.23%. The most recent insider transaction that took place on Nov 26 ’24, was worth 120,550. Before that another transaction happened on Nov 25 ’24, when Company’s Officer proposed sale 1,223 for $23.13, making the entire transaction worth $28,288.
Caredx Inc (CDNA) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted -0.17 earnings per share (EPS) during the time that was better than consensus figure (set at -0.27) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 80.23% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to -21.96% drop over the previous five years of trading.
Caredx Inc (NASDAQ: CDNA) Trading Performance Indicators
You can see what Caredx Inc (CDNA) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 3.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.33. Likewise, its price to free cash flow for the trailing twelve months is 1110.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.70, a number that is poised to hit -0.21 in the next quarter and is forecasted to reach -0.53 in one year’s time.
Technical Analysis of Caredx Inc (CDNA)
Caredx Inc (NASDAQ: CDNA) saw its 5-day average volume 0.72 million, a negative change from its year-to-date volume of 0.89 million. As of the previous 9 days, the stock’s Stochastic %D was 82.71%. Additionally, its Average True Range was 1.36.
During the past 100 days, Caredx Inc’s (CDNA) raw stochastic average was set at 52.94%, which indicates a significant decrease from 95.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.55% in the past 14 days, which was lower than the 72.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.57, while its 200-day Moving Average is $18.75. Nevertheless, the first resistance level for the watch stands at $26.16 in the near term. At $26.68, the stock is likely to face the second major resistance level. The third major resistance level sits at $27.59. If the price goes on to break the first support level at $24.72, it is likely to go to the next support level at $23.81. The third support level lies at $23.29 if the price breaches the second support level.
Caredx Inc (NASDAQ: CDNA) Key Stats
There are 53,634K outstanding shares of the company, which has a market capitalization of 1.35 billion. As of now, sales total 280,320 K while income totals -190,280 K. Its latest quarter income was 82,880 K while its last quarter net income were -7,410 K.
