Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Co-Diagnostics Inc (NASDAQ: CODX) was $0.43 for the day, up 3.09% from the previous closing price of $0.42. In other words, the price has increased by $3.09 from its previous closing price. On the day, 4.91 million shares were traded. CODX stock price reached its highest trading level at $0.469 during the session, while it also had its lowest trading level at $0.4045.
Ratios:
Our analysis of CODX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.83 and its Current Ratio is at 4.12. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.02.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CODX now has a Market Capitalization of 16565141 and an Enterprise Value of 4906037. For. The Stock, the TTM Price-to-Sale (P/S) ratio is 29.06 while its Price-to-Book (P/B) ratio in mrq is 0.38. Its current Enterprise Value per Revenue stands at 4.888 whereas that against EBITDA is -0.131.
Stock Price History:
The Beta on a monthly basis for CODX is 0.95, which has changed by -0.6666666 over the last 52 weeks, in comparison to a change of 0.16298151 over the same period for the S&P500. Over the past 52 weeks, CODX has reached a high of $1.40, while it has fallen to a 52-week low of $0.23. The 50-Day Moving Average of. The Stock is 43.02%, while the 200-Day Moving Average is calculated to be -6.36%.
Shares Statistics:
CODX traded an average of 6.44M shares per day over the past three months and 27159310 shares per day over the past ten days. A total of 36.18M shares are outstanding, with a floating share count of 35.06M. Insiders hold about 9.00% of the company’s shares, while institutions hold 13.46% stake in the company. Shares short for CODX as of 1756425600 were 1361749 with a Short Ratio of 0.21, compared to 1753920000 on 596954. Therefore, it implies a Short% of Shares Outstanding of 1361749 and a Short% of Float of 3.7900000000000005.
Earnings Estimates
Co-Diagnostics Inc (CODX) is currently under the scrutiny of 2.0 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.09 and low estimates of -$0.16.
Analysts are recommending an EPS of between -$0.67 and -$0.67 for the fiscal current year, implying an average EPS of -$0.67. EPS for the following year is -$0.44, with 2.0 analysts recommending between -$0.39 and -$0.5.
Revenue Estimates
A total of 2 analysts have provided revenue estimates for CODX’s current fiscal year. The highest revenue estimate was $813k, while the lowest revenue estimate was $213k, resulting in an average revenue estimate of $513k. In the same quarter a year ago, actual revenue was $3.92M
