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As of close of business last night, Cardiol Therapeutics Inc’s stock clocked out at $1.79, down -1.65% from its previous closing price of $1.82. In other words, the price has decreased by -$1.65 from its previous closing price. On the day, 0.97 million shares were traded. CRDL stock price reached its highest trading level at $1.92 during the session, while it also had its lowest trading level at $1.69.
Ratios:
To gain a deeper understanding of CRDL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.49 and its Current Ratio is at 2.49. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH MKM on June 26, 2024, initiated with a Buy rating and assigned the stock a target price of $10.
On April 22, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $9.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRDL now has a Market Capitalization of 147395936 and an Enterprise Value of 103327768.
Stock Price History:
Over the past 52 weeks, CRDL has reached a high of $3.12, while it has fallen to a 52-week low of $0.79. The 50-Day Moving Average of the stock is -10.17%, while the 200-Day Moving Average is calculated to be -8.25%.
Shares Statistics:
It appears that CRDL traded 440.44K shares on average per day over the past three months and 404120 shares per day over the past ten days. A total of 69.88M shares are outstanding, with a floating share count of 66.17M. Insiders hold about 5.31% of the company’s shares, while institutions hold 7.75% stake in the company. Shares short for CRDL as of 1730332800 were 814793 with a Short Ratio of 2.25, compared to 1727654400 on 710508. Therefore, it implies a Short% of Shares Outstanding of 814793 and a Short% of Float of 1.06.
