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The closing price of Cardiol Therapeutics Inc (NASDAQ: CRDL) was $1.96 for the day, down -1.51% from the previous closing price of $1.99. In other words, the price has decreased by -$1.51 from its previous closing price. On the day, 0.64 million shares were traded. CRDL stock price reached its highest trading level at $2.07 during the session, while it also had its lowest trading level at $1.9.
Ratios:
Our analysis of CRDL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.39 and its Current Ratio is at 2.39. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
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, ROTH MKM on June 26, 2024, initiated with a Buy rating and assigned the stock a target price of $10.
On April 22, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $9.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRDL now has a Market Capitalization of 156203568 and an Enterprise Value of 113111208.
Stock Price History:
Over the past 52 weeks, CRDL has reached a high of $3.12, while it has fallen to a 52-week low of $0.72. The 50-Day Moving Average of the stock is -1.90%, while the 200-Day Moving Average is calculated to be 1.24%.
Shares Statistics:
CRDL traded an average of 424.19K shares per day over the past three months and 313280 shares per day over the past ten days. A total of 69.88M shares are outstanding, with a floating share count of 66.17M. Insiders hold about 5.31% of the company’s shares, while institutions hold 8.21% stake in the company. Shares short for CRDL as of 1728950400 were 991569 with a Short Ratio of 2.34, compared to 1726185600 on 718390. Therefore, it implies a Short% of Shares Outstanding of 991569 and a Short% of Float of 1.2999999.
