For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) closed at $0.42 down -6.76% from its previous closing price of $0.46. In other words, the price has decreased by -$6.76 from its previous closing price. On the day, 0.51 million shares were traded. CDIO stock price reached its highest trading level at $0.4541 during the session, while it also had its lowest trading level at $0.4131.
Ratios:
For a deeper understanding of Cardio Diagnostics Holdings Inc’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 24074818 and an Enterprise Value of 14866156. For the stock, the TTM Price-to-Sale (P/S) ratio is 738.46 while its Price-to-Book (P/B) ratio in mrq is 2.04. Its current Enterprise Value per Revenue stands at 426.086 whereas that against EBITDA is -1.838.
Stock Price History:
The Beta on a monthly basis for CDIO is 3.62, which has changed by -0.3884892 over the last 52 weeks, in comparison to a change of 0.09969199 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 0.76%, while the 200-Day Moving Average is calculated to be -5.80%.
Shares Statistics:
For the past three months, CDIO has traded an average of 1.29M shares per day and 851050 over the past ten 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 1744675200 were 1845839 with a Short Ratio of 1.44, compared to 1741910400 on 1250589. Therefore, it implies a Short% of Shares Outstanding of 1845839 and a Short% of Float of 3.81.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
