Ratios Revealed: Decoding Cardiol Therapeutics Inc (CRDL)’s Financial Health

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The closing price of Cardiol Therapeutics Inc (NASDAQ: CRDL) was $1.90 for the day, down -3.02% from the previous closing price of $1.96. In other words, the price has decreased by -$3.02 from its previous closing price. On the day, 0.18 million shares were traded. CRDL stock price reached its highest trading level at $1.9709 during the session, while it also had its lowest trading level at $1.901.

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 2.81 and its Current Ratio is at 2.81. 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 132476744 and an Enterprise Value of 104070920.

Stock Price History:

The Beta on a monthly basis for CRDL is 0.99, which has changed by 1.3132529 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, CRDL has reached a high of $3.12, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is -13.55%, while the 200-Day Moving Average is calculated to be 34.04%.

Shares Statistics:

CRDL traded an average of 502.33K shares per day over the past three months and 498200 shares per day over the past ten days. A total of 69.00M shares are outstanding, with a floating share count of 65.87M. Insiders hold about 4.54% of the company’s shares, while institutions hold 9.68% stake in the company. Shares short for CRDL as of 1718323200 were 776285 with a Short Ratio of 1.55, compared to 1715731200 on 266475. Therefore, it implies a Short% of Shares Outstanding of 776285 and a Short% of Float of 1.17999995.

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