Caredx Inc (NASDAQ: CDNA) is -11.33% lower on its value in year-to-date trading and has touched a low of $4.80 and a high of $16.54 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CDNA stock was last observed hovering at around $9.72 in the last trading session, with the day’s gains setting it 0.92%.
Currently trading at $10.64, the stock is 22.93% and 6.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.48 million and changing 9.47% at the moment leaves the stock 20.81% off its SMA200. CDNA registered -36.74% loss for a year compared to 6-month gain of 15.90%. The firm has a 50-day simple moving average (SMA 50) of $1.26 and a 200-day simple moving average (SMA200) of -$4.70.
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The stock witnessed a 13.68% loss in the last 1 month and extending the period to 3 months gives it a 9.02%, and is 28.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.76% over the week and 7.13% over the month.
Caredx Inc (CDNA) has around 738 employees, a market worth around $575.62M and $297.14M in sales. Profit margin for the company is -30.46%. Distance from 52-week low is 121.67% and -35.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.38%).
Caredx Inc quarterly earnings per share for the current quarter are estimated at -$0.21 with sales reaching $61.77M over the same period.The EPS is expected to grow by 52.09% this year, but quarterly earnings will post -7.00% year-over-year. Quarterly sales are estimated to shrink -20.10% in year-over-year returns.
215 institutions hold shares in Caredx Inc (CDNA), with institutional investors hold 98.42% of the company’s shares. The shares outstanding are 53.53M, and float is at 51.64M with Short Float at 6.97%. Institutions hold 96.12% of the Float.
The top institutional shareholder in the company is ARK Investment Management, LLC with over 6.68 million shares valued at $46.76 million. The investor’s holdings represent 12.33% of the CDNA Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 5.44 million shares valued at $46.24 million to account for 10.04% of the shares outstanding. The other top investors are State Street Corporation which holds 4.18 million shares representing 7.72% and valued at over $35.56 million, while Vanguard Group Inc holds 7.55% of the shares totaling 4.09 million with a market value of $34.75 million.
Caredx Inc (CDNA) Insider Activity
A total of 9 insider transactions have happened at Caredx Inc (CDNA) in the last six months, with sales accounting for 5 and purchases happening 4 times. The most recent transaction is an insider sale by Seeto Reginald, the company’s. SEC filings show that Seeto Reginald sold 2,818 shares of the company’s common stock on Oct 02 at a price of $6.91 per share for a total of $19483.0. Following the sale, the insider now owns 0.48 million shares.
Caredx Inc disclosed in a document filed with the SEC on Sep 05 that Seeto Reginald () sold a total of 2,819 shares of the company’s common stock. The trade occurred on Sep 05 and was made at $9.49 per share for $26762.0. Following the transaction, the insider now directly holds 0.48 million shares of the CDNA stock.
Still, SEC filings show that on Aug 14, Seeto Reginald () disposed off 576 shares at an average price of $8.89 for $5123.0. The insider now directly holds 484,801 shares of Caredx Inc (CDNA).
Caredx Inc (CDNA): Who are the competitors?
One of the company’s main competitors (and peers) include Response Genetics Inc. (RGDXQ) that is trading 0.00% down over the past 12 months.Agios Pharmaceuticals Inc. (AGIO) lies in the list of competitors of the Caredx Inc and is 33.55% higher over the same period from CDNAT2 Biosystems Inc. (TTOO) is -91.67% down on the 1-year trading charts.
