Co-Diagnostics Inc (NASDAQ: CODX) kicked off on Tuesday, down -21.16% from the previous trading day, before settling in for the closing price of $0.23. Over the past 52 weeks, CODX has traded in a range of $0.22-$1.55.
Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -27.40%. While this was happening, its average annual earnings per share was recorded 43.55%. With a float of $55.51 million, this company’s outstanding shares have now reached $60.89 million.
Co-Diagnostics Inc (CODX) Insider Activity
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 8.84%, while institutional ownership is 15.42%.
Co-Diagnostics Inc (CODX) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 12/31/2024, the organization reported -0.38 earnings per share (EPS), lower than consensus estimate (set at -0.34) by -0.04. 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
Take a look at Co-Diagnostics Inc’s (CODX) current performance indicators. Last quarter, 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 21.58.
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)
Compared to the last year’s volume of 7.13 million, its volume of 2.57 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 7.53%.
During the past 100 days, Co-Diagnostics Inc’s (CODX) raw stochastic average was set at 0.05%, which indicates a significant decrease from 0.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0294 in the past 14 days, which was lower than the 0.0548 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3636, while its 200-day Moving Average is $0.3345. Nevertheless, the first resistance level for the watch stands at $0.2031 in the near term. At $0.2256, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.2371. If the price goes on to break the first support level at $0.1691, it is likely to go to the next support level at $0.1576. Should the price break the second support level, the third support level stands at $0.1351.
Co-Diagnostics Inc (NASDAQ: CODX) Key Stats
The company with the Market Capitalisation of 11.01 million has total of 60,893K 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 150 K and last quarter income was -5,890 K.
