Cardio Diagnostics Holdings Inc. (NASDAQ:CDIO) currently has a daily average trading volume of 3.48M but it saw 1395504 shares traded on Thursday. With a market cap of 15.80M USD, stock’s current market price of $1.58 came rising about 19.70 while comparing to the previous closing price of $1.32. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.25 and as low as $0.80. In the recent trading on the day, stock has struck highest price mark of $1.68 while lowest mark touched by it was $1.35.
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Taking a look at 20-day trading activity of Cardio Diagnostics Holdings Inc. (CDIO) gives us an average price of $1.7647, while its current price level is -84.58% below from 52-week high level whereas it is 98.36% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.7137 while that of 200 days or SMA-200 reads an average of $4.3120. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.68% during that period while stretching the period over a month that decreases to 12.21%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.28 which implies that the stock is in neutral territory.
Cardio Diagnostics Holdings Inc. (CDIO)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $8.00 and $8.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $8.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $8.00. Average price target assigned by them is $8.00 which highlights an upside potential of 80.25% for the stock over that period. And to attain the median price target of $8.00 assigned by those analysts, stock has to add about 80.25% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, CDIO’s stock price is moving 8.23% up while it is -34.98% when we observe its performance for the past one month. Year-to-date it is 49.07% up and over the past year.
The company is expected to be releasing its next quarterly report in 08/30/2023, for which analysts forecasted an EPS of $Avid Bioservices, Inc. while estimate for next year EPS is $Healthcare.
Currently, Cardio Diagnostics Holdings Inc.’s total number of outstanding shares is 9.98M with 36.41% of that held by the insiders while 3.71% of its common stock has been owned by the institutions. Stock has a price to book (P/B) ratio of 4.44 while price to sale or P/S ratio amounts to 16632.63.
As per SEC documents, Vanguard Extended Market Index Fu shunned 64,022 of company’s common stock of worth $0.15 million as per recent closing price of the stock. Vanguard Extended Market Index Fu is not the only institutional holder which restructured its stake in Cardio Diagnostics Holdings Inc., as Fidelity Extended Market Index Fu dumped 38,744 shares of worth $89886.0 to bring its holdings to a total of 24756.0 shares.
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