On Monday, Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) opened higher 7.10% from the last session, before settling in for the closing price of $0.31. Price fluctuations for CDIO have ranged from $0.19 to $1.77 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 602.07%. With a float of $48.21 million, this company’s outstanding shares have now reached $52.15 million.
The extent of productivity of a business whose workforce counts for 13 workers is very important to gauge. In terms of profitability, gross margin is -40.92%, operating margin of -23977.87%, and the pretax margin is -24028.24%.
Cardio Diagnostics Holdings Inc (CDIO) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Cardio Diagnostics Holdings Inc is 7.55%, while institutional ownership is 4.90%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Trading Performance Indicators
Check out the current performance indicators for Cardio Diagnostics Holdings Inc (CDIO). In the past quarter, the stock posted a quick ratio of 13.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 568.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.35
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 0.9 million was inferior to 2.23 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 19.86%. 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 7.38%, which indicates a significant decrease from 25.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 97.62% in the past 14 days, which was lower than the 182.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4542, while its 200-day Moving Average is $0.4623. Now, the first resistance to watch is $0.3533. This is followed by the second major resistance level at $0.3767. The third major resistance level sits at $0.4133. If the price goes on to break the first support level at $0.2933, it is likely to go to the next support level at $0.2567. The third support level lies at $0.2333 if the price breaches the second support level.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Key Stats
There are currently 52,145K shares outstanding in the company with a market cap of 17.06 million. Presently, the company’s annual sales total 30 K according to its annual income of -8,380 K. Last quarter, the company’s sales amounted to 10 K and its income totaled -1,410 K.
