The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) closed the day trading at $0.57 down -9.14% from the previous closing price of $0.63. In other words, the price has decreased by -$9.14 from its previous closing price. On the day, 0.74 million shares were traded. CDIO stock price reached its highest trading level at $0.6099 during the session, while it also had its lowest trading level at $0.55.
Ratios:
For a better understanding of CDIO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.51 and its Current Ratio is at 8.51. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.13.
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 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 23074948 and an Enterprise Value of 5909866. For the stock, the TTM Price-to-Sale (P/S) ratio is 576.96 while its Price-to-Book (P/B) ratio in mrq is 4.70. Its current Enterprise Value per Revenue stands at 151.001 whereas that against EBITDA is -0.719.
Stock Price History:
Over the past 52 weeks, CDIO has reached a high of $2.83, while it has fallen to a 52-week low of $0.19. The 50-Day Moving Average of the stock is -7.58%, while the 200-Day Moving Average is calculated to be 1.17%.
Shares Statistics:
Over the past 3-months, CDIO traded about 6.63M shares per day on average, while over the past 10 days, CDIO traded about 1832570 shares per day. A total of 40.44M shares are outstanding, with a floating share count of 36.50M. Insiders hold about 9.73% of the company’s shares, while institutions hold 4.11% stake in the company. Shares short for CDIO as of 1730332800 were 1680217 with a Short Ratio of 0.23, compared to 1727654400 on 2795979. Therefore, it implies a Short% of Shares Outstanding of 1680217 and a Short% of Float of 5.52.
