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Caredx Inc (CDNA) Is Now En Route to Higher Prices

Caredx Inc (NASDAQ: CDNA) is 23.58% higher on its value in year-to-date trading and has touched a low of $4.80 and a high of $12.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CDNA stock was last observed hovering at around $11.06 in the last trading session, with the day’s gains setting it 3.77%.

Currently trading at $14.83, the stock is 69.71% and 52.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.49 million and changing 34.09% at the moment leaves the stock 63.67% off its SMA200. CDNA registered 72.64% gain for a year compared to 6-month gain of 134.28%.

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The stock witnessed a 62.25% loss in the last 1 month and extending the period to 3 months gives it a 68.91%, and is 52.57% 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 10.22% over the week and 7.85% over the month.

Caredx Inc (CDNA) has around 643 employees, a market worth around $771.31M and $275.11M in sales. Profit margin for the company is -66.59%. Distance from 52-week low is 208.96% and 14.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-64.71%).

The EPS is expected to grow by 55.25% this year.

Caredx Inc (CDNA) Top Institutional Holders

The shares outstanding are 51.50M, and float is at 48.63M with Short Float at 10.57%.

Caredx Inc (CDNA) Insider Activity

The most recent transaction is an insider sale by Seeto Reginald. SEC filings show that Seeto Reginald sold 2,818 shares of the company’s common stock on Oct 02 ’23 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 ’23 that Seeto Reginaldsold a total of 2,819 shares of the company’s common stock. The trade occurred on Sep 05 ’23 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 ’23, 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).

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