Co-Diagnostics Inc (NASDAQ: CODX) kicked off on Monday, up 259.28% from the previous trading day, before settling in for the closing price of $0.35. Over the past 52 weeks, CODX has traded in a range of $0.23-$1.27.
During the last 5-year period, the sales drop of Healthcare Sector giant was -27.40%. While this was happening, its average annual earnings per share was recorded 39.11%. With a float of $43.08 million, this company’s outstanding shares have now reached $48.14 million.
Co-Diagnostics Inc (CODX) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Co-Diagnostics Inc is 10.53%, while institutional ownership is 10.77%.
Co-Diagnostics Inc (CODX) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.33 earnings per share (EPS), higher than consensus estimate (set at -0.33) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 39.11% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 56.80% 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
Take a look at Co-Diagnostics Inc’s (CODX) current performance indicators. Last quarter, stock had a quick ratio of 3.83. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 106.40.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.12, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.28 in one year’s time.
Technical Analysis of Co-Diagnostics Inc (CODX)
Looking closely at Co-Diagnostics Inc (NASDAQ: CODX), its last 5-days average volume was 223.66 million, which is a jump from its year-to-date volume of 7.78 million. As of the previous 9 days, the stock’s Stochastic %D was 44.41%.
During the past 100 days, Co-Diagnostics Inc’s (CODX) raw stochastic average was set at 77.95%, which indicates a significant increase from 76.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.1071 in the past 14 days, which was higher than the 0.0437 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3763, while its 200-day Moving Average is $0.4053. However, in the short run, Co-Diagnostics Inc’s stock first resistance to watch stands at $1.6791. Second resistance stands at $2.0983. The third major resistance level sits at $2.6465. If the price goes on to break the first support level at $0.7117, it is likely to go to the next support level at $0.1635.
Co-Diagnostics Inc (NASDAQ: CODX) Key Stats
The company with the Market Capitalisation of 60.65 million has total of 48,143K Shares Outstanding. Its annual sales at the moment are 3,920 K in contrast with the sum of -37,640 K annual income. Company’s last quarter sales were recorded 160 K and last quarter income was -7,730 K.
