Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
After finishing at $0.21 in the prior trading day, Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) closed at $0.19, down -12.85%. In other words, the price has decreased by -$12.85 from its previous closing price. On the day, 2.31 million shares were traded.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 321.77 while its Price-to-Book (P/B) ratio in mrq is 0.89.
Stock Price History:
Over the past 52 weeks, CDIO has reached a high of $1.77, while it has fallen to a 52-week low of $0.18. The 50-Day Moving Average of the stock is -53.97%, while the 200-Day Moving Average is calculated to be -58.45%.
Shares 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 5.24% stake in the company.
Earnings Estimates
Cardio Diagnostics Holdings Inc (CDIO) is presently subject to a detailed evaluation by 1.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.06 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.23 and -$0.23 for the fiscal current year, implying an average EPS of -$0.23.
Revenue Estimates
1 analysts predict $50k in revenue for the current quarter. It ranges from a high estimate of $50k to a low estimate of $50k. As of the current estimate, Cardio Diagnostics Holdings Inc’s year-ago sales were $15.93kFor the next quarter, 1 analysts are estimating revenue of $75k. There is a high estimate of $75k for the next quarter, whereas the lowest estimate is $75k.
A total of 1 analysts have provided revenue estimates for CDIO’s current fiscal year. The highest revenue estimate was $525k, while the lowest revenue estimate was $525k, resulting in an average revenue estimate of $525k. In the same quarter a year ago, actual revenue was $34.89k
