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Caredx Inc (NASDAQ: CDNA) closed the day trading at $18.72 down -1.53% from the previous closing price of $19.01. In other words, the price has decreased by -$1.53 from its previous closing price. On the day, 0.53 million shares were traded. CDNA stock price reached its highest trading level at $19.195 during the session, while it also had its lowest trading level at $18.21.
Ratios:
For a better understanding of CDNA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.03 and its Current Ratio is at 4.32. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.10.
On May 01, 2024, Craig Hallum Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $15.
Stephens Upgraded its Equal-Weight to Overweight on November 09, 2023, while the target price for the stock was maintained at $10.
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 Oct 02 ’23 when Seeto Reginald sold 2,818 shares for $6.91 per share. The transaction valued at 19,483 led to the insider holds 479,164 shares of the business.
Seeto Reginald sold 2,819 shares of CDNA for $26,762 on Sep 05 ’23. The insider now owns 481,982 shares after completing the transaction at $9.49 per share. On Aug 14 ’23, another insider, Seeto Reginald, who serves as the insider of the company, sold 576 shares for $8.89 each. As a result, the insider received 5,123 and left with 484,801 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 977019200 and an Enterprise Value of 792034560. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.54 while its Price-to-Book (P/B) ratio in mrq is 3.78. Its current Enterprise Value per Revenue stands at 2.879 whereas that against EBITDA is -9.398.
Stock Price History:
Over the past 52 weeks, CDNA has reached a high of $19.58, while it has fallen to a 52-week low of $4.80. The 50-Day Moving Average of the stock is 20.86%, while the 200-Day Moving Average is calculated to be 72.70%.
Shares Statistics:
Over the past 3-months, CDNA traded about 828.67K shares per day on average, while over the past 10 days, CDNA traded about 705920 shares per day. A total of 51.50M shares are outstanding, with a floating share count of 48.74M. Insiders hold about 6.42% of the company’s shares, while institutions hold 105.62% stake in the company. Shares short for CDNA as of 1721001600 were 3920808 with a Short Ratio of 4.73, compared to 1718323200 on 5364377. Therefore, it implies a Short% of Shares Outstanding of 3920808 and a Short% of Float of 9.99.
