For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) closed at $0.87 in the last session, down -20.18% from day before closing price of $1.09. In other words, the price has decreased by -$20.18 from its previous closing price. On the day, 0.7 million shares were traded. CDIO stock price reached its highest trading level at $1.04 during the session, while it also had its lowest trading level at $0.85.
Ratios:
We take a closer look at CDIO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.29 and its Current Ratio is at 3.29. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.22.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 31 ’23 when Dogan Timur bought 16,481 shares for $0.55 per share. The transaction valued at 8,982 led to the insider holds 128,345 shares of the business.
Dogan Meeshanthini bought 16,481 shares of CDIO for $8,982 on Aug 31 ’23. The Chief Executive Officer now owns 128,345 shares after completing the transaction at $0.55 per share. On Aug 28 ’23, another insider, Philibert Robert, who serves as the Chief Medical Officer of the company, bought 18,000 shares for $0.60 each. As a result, the insider paid 10,795 and bolstered with 1,649,792 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, CDIO now has a Market Capitalization of 18784258 and an Enterprise Value of 18761778. For the stock, the TTM Price-to-Sale (P/S) ratio is 939.17 while its Price-to-Book (P/B) ratio in mrq is 6.04. Its current Enterprise Value per Revenue stands at 1099.43 whereas that against EBITDA is -2.631.
Stock Price History:
Over the past 52 weeks, CDIO has reached a high of $3.56, while it has fallen to a 52-week low of $0.17. The 50-Day Moving Average of the stock is -39.32%, while the 200-Day Moving Average is calculated to be -31.35%.
Shares Statistics:
According to the various share statistics, CDIO traded on average about 511.31K shares per day over the past 3-months and 195140 shares per day over the past 10 days. A total of 20.54M shares are outstanding, with a floating share count of 17.56M. Insiders hold about 18.66% of the company’s shares, while institutions hold 7.67% stake in the company. Shares short for CDIO as of 1711584000 were 444634 with a Short Ratio of 0.87, compared to 1709164800 on 494274. Therefore, it implies a Short% of Shares Outstanding of 444634 and a Short% of Float of 2.5700000000000003.
Earnings Estimates
The current rating of Cardio Diagnostics Holdings Inc (CDIO) is the result of assessments by Avid Bioservices, Inc. analysts actively engaged in evaluating its market dynamics.
