Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
Caredx Inc (NASDAQ: CDNA) closed the day trading at $7.98 down -3.04% from the previous closing price of $8.23. In other words, the price has decreased by -$3.04 from its previous closing price. On the day, 0.52 million shares were traded. CDNA stock price reached its highest trading level at $8.37 during the session, while it also had its lowest trading level at $7.965.
Ratios:
For a better understanding of CDNA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.77 and its Current Ratio is at 4.02. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.11.
On August 15, 2023, Raymond James Upgraded its rating to Outperform which previously was Mkt Perform but kept the price unchanged to $12.
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 426137600 and an Enterprise Value of 211995616. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 0.756 whereas that against EBITDA is -2.365.
Stock Price History:
Over the past 52 weeks, CDNA has reached a high of $12.93, while it has fallen to a 52-week low of $4.80. The 50-Day Moving Average of the stock is -17.00%, while the 200-Day Moving Average is calculated to be -12.60%.
Shares Statistics:
Over the past 3-months, CDNA traded about 883.26K shares per day on average, while over the past 10 days, CDNA traded about 722750 shares per day. A total of 51.50M shares are outstanding, with a floating share count of 49.14M. Insiders hold about 5.09% of the company’s shares, while institutions hold 101.95% stake in the company. Shares short for CDNA as of 1711584000 were 5178845 with a Short Ratio of 5.86, compared to 1709164800 on 3764413. Therefore, it implies a Short% of Shares Outstanding of 5178845 and a Short% of Float of 13.200000000000001.
