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Co-Diagnostics Inc (NASDAQ: CODX) closed the day trading at $1.58 down -9.71% from the previous closing price of $1.75. In other words, the price has decreased by -$9.71 from its previous closing price. On the day, 1.04 million shares were traded. CODX stock price reached its highest trading level at $1.91 during the session, while it also had its lowest trading level at $1.45.
Ratios:
For a better understanding of CODX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.81 and its Current Ratio is at 9.09. 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 55493076 and an Enterprise Value of 8121597. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.84 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 0.889 whereas that against EBITDA is -0.217.
Stock Price History:
Over the past 52 weeks, CODX has reached a high of $2.23, while it has fallen to a 52-week low of $0.98. The 50-Day Moving Average of the stock is 21.72%, while the 200-Day Moving Average is calculated to be 28.95%.
Shares Statistics:
Over the past 3-months, CODX traded about 260.58K shares per day on average, while over the past 10 days, CODX traded about 958770 shares per day. A total of 31.26M shares are outstanding, with a floating share count of 30.19M. Insiders hold about 5.40% of the company’s shares, while institutions hold 15.28% stake in the company. Shares short for CODX as of 1722384000 were 309861 with a Short Ratio of 1.19, compared to 1719532800 on 443619. Therefore, it implies a Short% of Shares Outstanding of 309861 and a Short% of Float of 1.0299999.
