A new trading day began on Friday, with Co-Diagnostics Inc (NASDAQ: CODX) stock price up 8.14% from the previous day of trading, before settling in for the closing price of $0.35. CODX’s price has ranged from $0.23 to $1.40 over the past 52 weeks.
Annual sales at Healthcare sector company slipped by -27.40% over the past five years. Meanwhile, its annual earnings per share averaged 39.11%. With a float of $43.08 million, this company’s outstanding shares have now reached $48.14 million.
Co-Diagnostics Inc (CODX) Insider and Institutional Ownership
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 10.53%, while institutional ownership is 10.77%.
Co-Diagnostics Inc (CODX) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.33 per share, which was $0.1 higher 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 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
Here are Co-Diagnostics Inc’s current performance indicators. According to the last quarter’s results, the 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 32.42.
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)
Co-Diagnostics Inc (NASDAQ: CODX) saw its 5-day average volume 1.09 million, a negative change from its year-to-date volume of 2.45 million. As of the previous 9 days, the stock’s Stochastic %D was 34.72%.
During the past 100 days, Co-Diagnostics Inc’s (CODX) raw stochastic average was set at 32.04%, which indicates a significant increase from 15.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0748 in the past 14 days, which was higher than the 0.0374 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3253, while its 200-day Moving Average is $0.4332. Nevertheless, the first resistance level for the watch stands at $0.3948 in the near term. At $0.4057, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.4250. If the price goes on to break the first support level at $0.3646, it is likely to go to the next support level at $0.3453. The third support level lies at $0.3344 if the price breaches the second support level.
Co-Diagnostics Inc (NASDAQ: CODX) Key Stats
With a market capitalization of 18.48 million, the company has a total of 38,524K Shares Outstanding. Currently, annual sales are 3,920 K while annual income is -37,640 K. The company’s previous quarter sales were 160 K while its latest quarter income was -7,730 K.
