Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) kicked off on Monday, down -6.41% from the previous trading day, before settling in for the closing price of $0.67. Over the past 52 weeks, CDIO has traded in a range of $0.19-$2.99.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 850.88%. While this was happening, its average annual earnings per share was recorded 45.45%. With a float of $36.50 million, this company’s outstanding shares have now reached $40.44 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
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 9.73%, 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
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 635.00.
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)
Looking closely at Cardio Diagnostics Holdings Inc (NASDAQ: CDIO), its last 5-days average volume was 1.73 million, which is a jump from its year-to-date volume of 1.62 million. As of the previous 9 days, the stock’s Stochastic %D was 12.01%. Additionally, its Average True Range was 0.17.
During the past 100 days, Cardio Diagnostics Holdings Inc’s (CDIO) raw stochastic average was set at 27.72%, which indicates a significant increase from 21.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 113.86% in the past 14 days, which was lower than the 183.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6110, while its 200-day Moving Average is $0.5680. However, in the short run, Cardio Diagnostics Holdings Inc’s stock first resistance to watch stands at $0.7108. Second resistance stands at $0.7937. The third major resistance level sits at $0.9064. If the price goes on to break the first support level at $0.5152, it is likely to go to the next support level at $0.4025. Should the price break the second support level, the third support level stands at $0.3196.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Key Stats
The company with the Market Capitalisation of 25.40 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.
