Co-Diagnostics Inc (CODX): These Numbers Show Where NASDAQ:CODX Stock Is Going Next

Co-Diagnostics Inc (NASDAQ: CODX) is 18.80% higher on its value in year-to-date trading and has touched a low of $0.98 and a high of $2.23 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 CODX stock was last observed hovering at around $1.75 in the last trading session, with the day’s loss setting it -0.17%.

Currently trading at $1.58, the stock is 25.32% and 21.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing -9.71% at the moment leaves the stock 28.95% off its SMA200. CODX registered 29.51% gain for a year compared to 6-month gain of 41.07%.

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The stock witnessed a 41.07% gain in the last 1 month and extending the period to 3 months gives it a 49.06%, and is -8.14% down 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 26.16% over the week and 14.33% over the month.

Co-Diagnostics Inc (CODX) has around 155 employees, a market worth around $50.42M and $6.43M in sales. Profit margin for the company is -584.65%. Distance from 52-week low is 61.04% and -29.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.70%).

with sales reaching $370k over the same period.The EPS is expected to shrink by -2.16% this year, but quarterly earnings will post -43.20% year-over-year. Quarterly sales are estimated to shrink -84.90% in year-over-year returns.

Co-Diagnostics Inc (CODX) Top Institutional Holders

53.0 institutions hold shares in Co-Diagnostics Inc (CODX), with institutional investors hold 16.18% of the company’s shares. The shares outstanding are 31.26M, and float is at 30.19M with Short Float at 1.03%. Institutions hold 15.31% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 1.78 million shares valued at $2.23 million. The investor’s holdings represent 5.9689% of the CODX Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 0.59 million shares valued at $0.73 million to account for 1.967 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.5 million shares representing 1.6822% and valued at over $0.63 million, while GEODE CAPITAL MANAGEMENT, LLC holds 1.0635 of the shares totaling 0.32 million with a market value of $0.4 million.