Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $0.41 in the prior trading day, Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) closed at $0.38, down -8.08%. In other words, the price has decreased by -$8.08 from its previous closing price. On the day, 1.51 million shares were traded. CDIO stock price reached its highest trading level at $0.4069 during the session, while it also had its lowest trading level at $0.35.
Ratios:
Our goal is to gain a better understanding of CDIO by taking a closer look at its different 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:
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 19804822 and an Enterprise Value of 12947205. For the stock, the TTM Price-to-Sale (P/S) ratio is 660.00 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 371.086 whereas that against EBITDA is -1.6.
Stock Price History:
The Beta on a monthly basis for CDIO is 3.58, which has changed by -0.7266187 over the last 52 weeks, in comparison to a change of 0.06429911 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 -20.89%, while the 200-Day Moving Average is calculated to be -19.17%.
Shares Statistics:
The stock has traded on average 2.38M shares per day over the past 3-months and 711140 shares per day over the last 10 days, according to various share statistics. 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 1741910400 were 1250589 with a Short Ratio of 0.53, compared to 1739491200 on 2521398. Therefore, it implies a Short% of Shares Outstanding of 1250589 and a Short% of Float of 2.41.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
