Caredx Inc (NASDAQ: CDNA) is 140.58% higher on its value in year-to-date trading and has touched a low of $4.80 and a high of $34.84 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 $28.70 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $28.87, the stock is -0.96% and 9.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 0.59% at the moment leaves the stock 91.18% off its SMA200. CDNA registered 277.88% gain for a year compared to 6-month gain of 201.67%. The firm has a 50-day simple moving average (SMA 50) of $26.6002 and a 200-day simple moving average (SMA200) of $15.196375.
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The stock witnessed a -9.38% loss in the last 1 month and extending the period to 3 months gives it a 106.07%, and is -1.33% 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 6.41% over the week and 5.79% over the month.
Caredx Inc (CDNA) has around 643 employees, a market worth around $1.52B and $297.08M in sales. Profit margin for the company is -53.73%. Distance from 52-week low is 501.46% and -17.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-55.04%).
Caredx Inc quarterly earnings per share for the current quarter are estimated at 0.0 with sales reaching $79.53M over the same period.The EPS is expected to grow by 76.37% this year, but quarterly earnings will post 16.10% year-over-year. Quarterly sales are estimated to grow 18.40% in year-over-year returns.
224.0 institutions hold shares in Caredx Inc (CDNA), with institutional investors hold 101.34% of the company’s shares. The shares outstanding are 51.50M, and float is at 49.35M with Short Float at 7.42%. Institutions hold 97.67% of the Float.
The top institutional shareholder in the company is ARK INVESTMENT MANAGEMENT LLC with over 5.7 million shares valued at $88.56 million. The investor’s holdings represent 10.925 of the CDNA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.29 million shares valued at $82.1 million to account for 10.1283 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.38 million shares representing 8.3937 and valued at over $68.04 million, while BELLEVUE GROUP AG holds 7.496 of the shares totaling 3.91 million with a market value of $60.76 million.
Caredx Inc (CDNA) Insider Activity
The most recent transaction is an insider sale by Johnson Alexander L, the company’s. SEC filings show that Johnson Alexander L sold 39,466 shares of the company’s common stock on Aug 20 ’24 at a price of $33.17 per share for a total of $1.31 million. Following the sale, the insider now owns 0.28 million shares.
Caredx Inc disclosed in a document filed with the SEC on Aug 21 ’24 that Johnson Alexander L () sold a total of 21,557 shares of the company’s common stock. The trade occurred on Aug 21 ’24 and was made at $32.58 per share for $0.7 million. Following the transaction, the insider now directly holds 0.28 million shares of the CDNA stock.
Still, SEC filings show that on Aug 20 ’24, Maag Peter (Director) disposed off 35,552 shares at an average price of $33.04 for $1.17 million. The insider now directly holds 330,024 shares of Caredx Inc (CDNA).
