Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
Caredx Inc (NASDAQ: CDNA) closed the day trading at $22.14 down -3.19% from the previous closing price of $22.87. In other words, the price has decreased by -$3.19 from its previous closing price. On the day, 0.7 million shares were traded. CDNA stock price reached its highest trading level at $23.09 during the session, while it also had its lowest trading level at $21.97.
Ratios:
For a better understanding of CDNA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.93 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 973.33. For the most recent quarter (mrq), Quick Ratio is recorded 3.87 and its Current Ratio is at 4.10. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on August 28, 2024, initiated with a Underweight rating and assigned the stock a target price of $28.
On August 19, 2024, BTIG Research Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $40.
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 Dec 04 ’24 when Novack Jeffrey Adam sold 1,917 shares for $26.00 per share. The transaction valued at 49,842 led to the insider holds 110,237 shares of the business.
Jeffrey Adam Novack bought 1,917 shares of CDNA for $47,848 on Dec 04 ’24. On Nov 26 ’24, another insider, Maag Peter, who serves as the Director of the company, sold 5,000 shares for $25.00 each. As a result, the insider received 125,000 and left with 330,024 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 1187454464 and an Enterprise Value of 976565888. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.80 while its Price-to-Book (P/B) ratio in mrq is 4.30. Its current Enterprise Value per Revenue stands at 3.122 whereas that against EBITDA is -22.067.
Stock Price History:
Over the past 52 weeks, CDNA has reached a high of $34.84, while it has fallen to a 52-week low of $7.42. The 50-Day Moving Average of the stock is -8.65%, while the 200-Day Moving Average is calculated to be 13.22%.
Shares Statistics:
Over the past 3-months, CDNA traded about 830.85K shares per day on average, while over the past 10 days, CDNA traded about 668860 shares per day. A total of 53.11M shares are outstanding, with a floating share count of 50.22M. Insiders hold about 6.36% of the company’s shares, while institutions hold 97.26% stake in the company. Shares short for CDNA as of 1732838400 were 3337432 with a Short Ratio of 4.02, compared to 1730332800 on 3448286. Therefore, it implies a Short% of Shares Outstanding of 3337432 and a Short% of Float of 8.2100004.
