Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) was $0.45 for the day, down -0.71% from the previous closing price of $0.45. In other words, the price has decreased by -$0.71 from its previous closing price. On the day, 1.14 million shares were traded.
Ratios:
Our analysis of CDIO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 8.51 and its Current Ratio is at 8.51. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.13.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 585.75 while its Price-to-Book (P/B) ratio in mrq is 3.70.
Stock Price History:
Over the past 52 weeks, CDIO has reached a high of $1.82, while it has fallen to a 52-week low of $0.19. The 50-Day Moving Average of the stock is -31.46%, while the 200-Day Moving Average is calculated to be -9.97%.
Shares Statistics:
A total of 52.15M shares are outstanding, with a floating share count of 47.07M. Insiders hold about 9.73% of the company’s shares, while institutions hold 4.90% stake in the company.
