On Tuesday, Co-Diagnostics Inc (NASDAQ: CODX) opened higher 13.37% from the last session, before settling in for the closing price of $0.32. Price fluctuations for CODX have ranged from $0.23 to $1.55 over the past 52 weeks.
A company in the Healthcare sector has dropped its sales by -27.40% annually for the last half of the decade. Company’s average yearly earnings per share was noted 36.29% at the time writing. With a float of $55.71 million, this company’s outstanding shares have now reached $60.89 million.
Co-Diagnostics Inc (CODX) Insider Updates
A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of Co-Diagnostics Inc is 8.52%, while institutional ownership is 15.42%.
Co-Diagnostics Inc (CODX) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/31/2024, the company posted -0.38 earnings per share (EPS) for the quarter, coming under the agreed prediction (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 36.29% per share during the next fiscal year.
Co-Diagnostics Inc (NASDAQ: CODX) Trading Performance Indicators
Check out the current performance indicators for Co-Diagnostics Inc (CODX). In the past quarter, the stock posted a quick ratio of 3.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 42.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.96, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.39 in one year’s time.
Technical Analysis of Co-Diagnostics Inc (CODX)
Let’s dig in a bit further. During the last 5-days, its volume was 2.48 million. That was inferior than the volume of 7.81 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 18.50%.
During the past 100 days, Co-Diagnostics Inc’s (CODX) raw stochastic average was set at 9.41%, which indicates a significant decrease from 24.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0450 in the past 14 days, which was lower than the 0.0509 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4062, while its 200-day Moving Average is $0.3750. However, in the short run, Co-Diagnostics Inc’s stock first resistance to watch stands at $0.3916. Second resistance stands at $0.4244. The third major resistance level sits at $0.4647. If the price goes on to break the first support level at $0.3185, it is likely to go to the next support level at $0.2782. Assuming the price breaks the second support level, the third support level stands at $0.2454.
Co-Diagnostics Inc (NASDAQ: CODX) Key Stats
There are currently 60,893K shares outstanding in the company with a market cap of 21.85 million. Presently, the company’s annual sales total 3,920 K according to its annual income of -37,640 K. Last quarter, the company’s sales amounted to 150 K and its income totaled -5,890 K.
