In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
The price of Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) closed at $0.43 in the last session, up 0.23% from day before closing price of $0.43. In other words, the price has increased by $0.23 from its previous closing price. On the day, 0.57 million shares were traded. CDIO stock price reached its highest trading level at $0.4449 during the session, while it also had its lowest trading level at $0.4179.
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 13.92 and its Current Ratio is at 13.92. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.04.
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 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 22584172 and an Enterprise Value of 16531394. For the stock, the TTM Price-to-Sale (P/S) ratio is 752.67 while its Price-to-Book (P/B) ratio in mrq is 2.08. Its current Enterprise Value per Revenue stands at 463.22 whereas that against EBITDA is -2.031.
Stock Price History:
The Beta on a monthly basis for CDIO is 3.57, which has changed by -0.6839416 over the last 52 weeks, in comparison to a change of 0.10063088 over the same period for the S&P500. Over the past 52 weeks, CDIO has reached a high of $1.77, while it has fallen to a 52-week low of $0.19. The 50-Day Moving Average of the stock is -11.88%, while the 200-Day Moving Average is calculated to be -8.56%.
Shares Statistics:
According to the various share statistics, CDIO traded on average about 2.45M shares per day over the past 3-months and 580780 shares per day over the past 10 days. A total of 52.15M shares are outstanding, with a floating share count of 48.21M. Insiders hold about 7.55% of the company’s shares, while institutions hold 4.90% stake in the company. Shares short for CDIO as of 1740700800 were 1981110 with a Short Ratio of 0.81, compared to 1738281600 on 1763164. Therefore, it implies a Short% of Shares Outstanding of 1981110 and a Short% of Float of 3.81.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
