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After finishing at $31.86 in the prior trading day, Caredx Inc (NASDAQ: CDNA) closed at $31.80, down -0.19%. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 0.58 million shares were traded. CDNA stock price reached its highest trading level at $32.88 during the session, while it also had its lowest trading level at $31.1788.
Ratios:
Our goal is to gain a better understanding of CDNA by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.85 and its Current Ratio is at 4.09. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.10.
Craig Hallum Upgraded its Hold to Buy on May 01, 2024, while the target price for the stock was maintained at $15.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 20 ’24 when Johnson Alexander L sold 39,466 shares for $33.17 per share. The transaction valued at 1,309,087 led to the insider holds 284,983 shares of the business.
Johnson Alexander L sold 21,557 shares of CDNA for $702,327 on Aug 21 ’24. The insider now owns 284,983 shares after completing the transaction at $32.58 per share. On Aug 20 ’24, another insider, Maag Peter, who serves as the Director of the company, sold 35,552 shares for $33.04 each. As a result, the insider received 1,174,493 and left with 330,024 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CDNA now has a Market Capitalization of 1677131904 and an Enterprise Value of 1479709312. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.65 while its Price-to-Book (P/B) ratio in mrq is 6.32. Its current Enterprise Value per Revenue stands at 4.981 whereas that against EBITDA is -23.731.
Stock Price History:
Over the past 52 weeks, CDNA has reached a high of $34.84, while it has fallen to a 52-week low of $4.80. The 50-Day Moving Average of the stock is 53.97%, while the 200-Day Moving Average is calculated to be 142.81%.
Shares Statistics:
The stock has traded on average 913.88K shares per day over the past 3-months and 1074710 shares per day over the last 10 days, according to various share statistics. A total of 51.50M shares are outstanding, with a floating share count of 49.43M. Insiders hold about 6.28% of the company’s shares, while institutions hold 97.00% stake in the company. Shares short for CDNA as of 1722384000 were 3479756 with a Short Ratio of 3.51, compared to 1719532800 on 3819278. Therefore, it implies a Short% of Shares Outstanding of 3479756 and a Short% of Float of 8.75.
