A new trading day began on Monday, with Co-Diagnostics Inc (NASDAQ: CODX) stock price down -20.88% from the previous day of trading, before settling in for the closing price of $0.34. CODX’s price has ranged from $0.23 to $1.55 over the past 52 weeks.
Healthcare Sector giant saw their annual sales slid by -27.40% over the last five years. Meanwhile, its annual earnings per share averaged 43.55%. With a float of $55.51 million, this company’s outstanding shares have now reached $60.89 million.
Co-Diagnostics Inc (CODX) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Co-Diagnostics Inc is 8.84%, while institutional ownership is 15.42%.
Co-Diagnostics Inc (CODX) Recent Fiscal highlights
In its latest quarterly report, released on 12/31/2024, the company reported earnings of -0.38 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 43.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 31.42% 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
Here are Co-Diagnostics Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 32.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.96, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.41 in one year’s time.
Technical Analysis of Co-Diagnostics Inc (CODX)
Analysing the last 5-days average volume posted by the [Co-Diagnostics Inc, CODX], we can find that recorded value of 1.53 million was lower than the volume posted last year of 7.34 million. As of the previous 9 days, the stock’s Stochastic %D was 10.65%.
During the past 100 days, Co-Diagnostics Inc’s (CODX) raw stochastic average was set at 2.67%, which indicates a significant decrease from 2.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0371 in the past 14 days, which was lower than the 0.0537 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3904, while its 200-day Moving Average is $0.3474. Now, the first resistance to watch is $0.3191. This is followed by the second major resistance level at $0.3680. The third major resistance level sits at $0.3947. If the price goes on to break the first support level at $0.2435, it is likely to go to the next support level at $0.2168. Now, if the price goes above the second support level, the third support stands at $0.1679.
Co-Diagnostics Inc (NASDAQ: CODX) Key Stats
With a market capitalization of 16.45 million, the company has a total of 60,893K Shares Outstanding. Currently, annual sales are 3,920 K while annual income is -37,640 K. The company’s previous quarter sales were 150 K while its latest quarter income was -5,890 K.
