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The closing price of Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) was $0.28 for the day, up 1.75% from the previous closing price of $0.28. In other words, the price has increased by $1.75 from its previous closing price. On the day, 0.52 million shares were traded. CDIO stock price reached its highest trading level at $0.2989 during the session, while it also had its lowest trading level at $0.2753.
Ratios:
Our analysis of CDIO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.69 and its Current Ratio is at 5.69. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.18.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 06 ’24 when Philibert Robert bought 34,075 shares for $0.29 per share. The transaction valued at 9,763 led to the insider holds 1,683,867 shares of the business.
Dogan Meeshanthini bought 68,965 shares of CDIO for $20,000 on Sep 06 ’24. The Chief Technology Officer now owns 197,310 shares after completing the transaction at $0.29 per share. On Sep 06 ’24, another insider, Dogan Meeshanthini, who serves as the Chief Executive Officer of the company, bought 68,965 shares for $0.29 each. As a result, the insider paid 20,000 and bolstered with 1,683,867 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 6736968 and an Enterprise Value of 6259425. For the stock, the TTM Price-to-Sale (P/S) ratio is 167.46 while its Price-to-Book (P/B) ratio in mrq is 2.12. Its current Enterprise Value per Revenue stands at 159.932 whereas that against EBITDA is -0.762.
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 -32.87%, while the 200-Day Moving Average is calculated to be -75.31%.
Shares Statistics:
CDIO traded an average of 254.04K shares per day over the past three months and 338890 shares per day over the past ten days. A total of 20.54M shares are outstanding, with a floating share count of 19.96M. Insiders hold about 16.62% of the company’s shares, while institutions hold 7.50% stake in the company. Shares short for CDIO as of 1724976000 were 400165 with a Short Ratio of 1.58, compared to 1722384000 on 272070. Therefore, it implies a Short% of Shares Outstanding of 400165 and a Short% of Float of 1.97.
