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After finishing at $0.39 in the prior trading day, Co-Diagnostics Inc (NASDAQ: CODX) closed at $0.32, down -18.26%. In other words, the price has decreased by -$18.26 from its previous closing price. On the day, 0.82 million shares were traded. CODX stock price reached its highest trading level at $0.3798 during the session, while it also had its lowest trading level at $0.2803.
Ratios:
Our goal is to gain a better understanding of CODX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.27 and its Current Ratio is at 4.41. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.02.
On December 29, 2021, Sidoti started tracking the stock assigning a Buy rating and target price of $14.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CODX now has a Market Capitalization of 10217536 and an Enterprise Value of -22792858. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.95 while its Price-to-Book (P/B) ratio in mrq is 0.19. Its current Enterprise Value per Revenue stands at -3.113 whereas that against EBITDA is 0.589.
Stock Price History:
The Beta on a monthly basis for CODX is 1.12, which has changed by -0.7117117 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, CODX has reached a high of $2.23, while it has fallen to a 52-week low of $0.33. The 50-Day Moving Average of the stock is -47.87%, while the 200-Day Moving Average is calculated to be -68.91%.
Shares Statistics:
The stock has traded on average 236.19K shares per day over the past 3-months and 392800 shares per day over the last 10 days, according to various share statistics. A total of 33.05M shares are outstanding, with a floating share count of 29.46M. Insiders hold about 7.73% of the company’s shares, while institutions hold 17.92% stake in the company. Shares short for CODX as of 1741910400 were 202412 with a Short Ratio of 0.86, compared to 1739491200 on 232642. Therefore, it implies a Short% of Shares Outstanding of 202412 and a Short% of Float of 0.67000003.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
