Witnessing the stock’s movement on the chart, on Wednesday, Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) set off with pace as it heaved 5.88% to $0.90, before settling in for the price of $0.85 at the close. Taking a more long-term approach, CDIO posted a 52-week range of $0.19-$3.56.
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The Healthcare Sector giants’ yearly sales growth during the last 5-year period was 850.88%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 45.45%. This publicly-traded company’s shares outstanding now amounts to $40.44 million, simultaneously with a float of $36.50 million. The organization now has a market capitalization sitting at $36.39 million. At the time of writing, stock’s 50-day Moving Average stood at $0.4117, while the 200-day Moving Average is $0.6036.
Cardio Diagnostics Holdings Inc (CDIO) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Biotechnology industry. Cardio Diagnostics Holdings Inc’s current insider ownership accounts for 9.73%, in contrast to 4.11% institutional ownership. According to the most recent insider trade that took place on Sep 06 ’24, this organization’s Chief Medical Officer bought 34,075 shares at the rate of 0.29, making the entire transaction reach 9,763 in total value, affecting insider ownership by 1,683,867. Preceding that transaction, on Sep 06 ’24, Company’s Chief Technology Officer bought 68,965 for 0.29, making the whole transaction’s value amount to 20,000. This particular insider is now the holder of 197,310 in total.
Cardio Diagnostics Holdings Inc (CDIO) Earnings and Revenue Records
Cardio Diagnostics Holdings Inc’s EPS increase for this current 12-month fiscal period is 45.45% and is forecasted to reach -0.23 in the upcoming year.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Trading Performance Indicators
Let’s observe the current performance indicators for Cardio Diagnostics Holdings Inc (CDIO). It’s Quick Ratio in the last reported quarter now stands at 8.51. The Stock has managed to achieve an average true range (ATR) of 0.22. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 909.79.
In the same vein, CDIO’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.38, a figure that is expected to reach -0.06 in the next quarter, and analysts are predicting that it will be -0.23 at the market close of one year from today.
Technical Analysis of Cardio Diagnostics Holdings Inc (CDIO)
Going through the that latest performance of [Cardio Diagnostics Holdings Inc, CDIO]. Its last 5-days volume of 12.1 million indicated improvement to the volume of 2.2 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 42.07% While, its Average True Range was 0.2839.
Raw Stochastic average of Cardio Diagnostics Holdings Inc (CDIO) in the period of the previous 100 days is set at 44.94%, which indicates a major rise in contrast to 41.73% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 335.17% that was higher than 180.80% volatility it exhibited in the past 100-days period.
