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The closing price of Co-Diagnostics Inc (NASDAQ: CODX) was $0.38 for the day, down -6.21% from the previous closing price of $0.4. In other words, the price has decreased by -$6.21 from its previous closing price. On the day, 3.99 million shares were traded. CODX stock price reached its highest trading level at $0.4 during the session, while it also had its lowest trading level at $0.365.
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.
On December 29, 2021, Sidoti started tracking the stock assigning a Buy rating and target price of $14.
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 18246040 and an Enterprise Value of 2941334. For the stock, the TTM Price-to-Sale (P/S) ratio is 39.98 while its Price-to-Book (P/B) ratio in mrq is 0.33. Its current Enterprise Value per Revenue stands at 2.931 whereas that against EBITDA is -0.078.
Stock Price History:
The Beta on a monthly basis for CODX is 1.15, which has changed by -0.6661157 over the last 52 weeks, in comparison to a change of 0.15566266 over the same period for the S&P500. Over the past 52 weeks, CODX has reached a high of $1.55, while it has fallen to a 52-week low of $0.23. The 50-Day Moving Average of the stock is -4.08%, while the 200-Day Moving Average is calculated to be -4.28%.
Shares Statistics:
CODX traded an average of 25.03M shares per day over the past three months and 121779820 shares per day over the past ten days. A total of 60.14M shares are outstanding, with a floating share count of 53.75M. Insiders hold about 10.64% of the company’s shares, while institutions hold 8.59% stake in the company. Shares short for CODX as of 1760486400 were 111948 with a Short Ratio of 0.00, compared to 1757894400 on 795088. Therefore, it implies a Short% of Shares Outstanding of 111948 and a Short% of Float of 0.25.
Earnings Estimates
Current recommendations for the stock of the company come from 2.0 analysts. 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 -$0.68 and -$0.68 for the fiscal current year, implying an average EPS of -$0.68. EPS for the following year is -$0.28, with 2.0 analysts recommending between -$0.17 and -$0.39.
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
