Co-Diagnostics Inc (NASDAQ: CODX) on Monday, soared 6.08% from the previous trading day, before settling in for the closing price of $0.25. Within the past 52 weeks, CODX’s price has moved between $0.23 and $2.23.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -27.40%. The company achieved an average annual earnings per share of 13.71%. With a float of $30.68 million, this company’s outstanding shares have now reached $33.57 million.
Considering the fact that the conglomerate employs 132 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -12.25%, operating margin of -4079.44%, and the pretax margin is -3574.77%.
Co-Diagnostics Inc (CODX) Insider Activity
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Co-Diagnostics Inc is 9.00%, while institutional ownership is 17.44%.
Co-Diagnostics Inc (CODX) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 13.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 37.69% during the next five years compared to -27.40% drop over the previous five years of trading.
Co-Diagnostics Inc (NASDAQ: CODX) Trading Performance Indicators
Co-Diagnostics Inc (CODX) is currently performing well based on its current performance indicators. A quick ratio of 4.23 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 15.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.14, a number that is poised to hit -0.62 in the next quarter and is forecasted to reach -0.42 in one year’s time.
Technical Analysis of Co-Diagnostics Inc (CODX)
Compared to the last year’s volume of 0.41 million, its volume of 3.07 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 23.36%.
During the past 100 days, Co-Diagnostics Inc’s (CODX) raw stochastic average was set at 7.51%, which indicates a significant decrease from 39.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0236 in the past 14 days, which was lower than the 0.0463 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2902, while its 200-day Moving Average is $0.6669. Nevertheless, the first resistance level for the watch stands at $0.2805 in the near term. At $0.2957, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.3115. If the price goes on to break the first support level at $0.2495, it is likely to go to the next support level at $0.2337. Should the price break the second support level, the third support level stands at $0.2185.
Co-Diagnostics Inc (NASDAQ: CODX) Key Stats
Market capitalization of the company is 8.94 million based on 33,573K outstanding shares. Right now, sales total 3,920 K and income totals -37,640 K. The company made 50 K in profit during its latest quarter, and -7,530 K in sales during its previous quarter.
