Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) kicked off on Tuesday, up 0.64% from the previous trading day, before settling in for the closing price of $0.30. Over the past 52 weeks, CDIO has traded in a range of $0.19-$3.56.
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Annual sales at Healthcare sector company grew by 850.88% over the past five years. While this was happening, its average annual earnings per share was recorded 45.45%. With a float of $34.30 million, this company’s outstanding shares have now reached $40.44 million.
Let’s look at the performance matrix of the company that is accounted for 9 employees. 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 Updates
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Cardio Diagnostics Holdings Inc is 15.19%, while institutional ownership is 4.11%. 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
Take a look at Cardio Diagnostics Holdings Inc’s (CDIO) current performance indicators. Last quarter, stock had a quick ratio of 8.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 303.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.38, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.23 in one year’s time.
Technical Analysis of Cardio Diagnostics Holdings Inc (CDIO)
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) saw its 5-day average volume 2.77 million, a positive change from its year-to-date volume of 1.32 million. As of the previous 9 days, the stock’s Stochastic %D was 60.65%. 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 30.27%, which indicates a significant decrease from 55.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 120.06% in the past 14 days, which was lower than the 122.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2620, while its 200-day Moving Average is $0.6441. Nevertheless, the first resistance level for the watch stands at $0.3172 in the near term. At $0.3338, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.3437. If the price goes on to break the first support level at $0.2907, it is likely to go to the next support level at $0.2808. Assuming the price breaks the second support level, the third support level stands at $0.2642.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Key Stats
The company with the Market Capitalisation of 12.16 million has total of 40,440K Shares Outstanding. Its annual sales at the moment are 20 K in contrast with the sum of -8,380 K annual income. Company’s last quarter sales were recorded 10 K and last quarter income was -1,410 K.
