Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) is -65.86% lower on its value in year-to-date trading and has touched a low of $0.19 and a high of $3.56 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 CDIO stock was last observed hovering at around $1.12 in the last trading session, with the day’s loss setting it -0.27%.
Currently trading at $0.85, the stock is 42.59% and 113.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.34 million and changing -24.11% at the moment leaves the stock 40.05% off its SMA200. CDIO registered -63.68% loss for a year compared to 6-month loss of 54.43%. The firm has a 50-day simple moving average (SMA 50) of $0.3854 and a 200-day simple moving average (SMA200) of $0.60916.
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The stock witnessed a 233.33% gain in the last 1 month and extending the period to 3 months gives it a 209.09%, and is -21.30% 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 46.37% over the week and 29.07% over the month.
Cardio Diagnostics Holdings Inc (CDIO) has around 9 employees, a market worth around $34.37M and $0.04M in sales. Profit margin for the company is -23125.63%. Distance from 52-week low is 347.37% and -76.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-197.78%).
with sales reaching $25k over the same period.The EPS is expected to grow by 45.45% this year, but quarterly earnings will post 222.20% year-over-year. Quarterly sales are estimated to grow 370.81% in year-over-year returns.
Cardio Diagnostics Holdings Inc (CDIO) Top Institutional Holders
15.0 institutions hold shares in Cardio Diagnostics Holdings Inc (CDIO), with institutional investors hold 4.60% of the company’s shares. The shares outstanding are 40.44M, and float is at 36.50M with Short Float at 4.26%. Institutions hold 4.15% of the Float.
Cardio Diagnostics Holdings Inc (CDIO) Insider Activity
The most recent transaction is an insider purchase by Philibert Robert, the company’s Chief Medical Officer. SEC filings show that Philibert Robert bought 34,075 shares of the company’s common stock on Sep 06 ’24 at a price of $0.29 per share for a total of $9763.0. Following the purchase, the insider now owns 1.68 million shares.
Cardio Diagnostics Holdings Inc disclosed in a document filed with the SEC on Sep 06 ’24 that Dogan Meeshanthini (Chief Technology Officer) bought a total of 68,965 shares of the company’s common stock. The trade occurred on Sep 06 ’24 and was made at $0.29 per share for $20000.0. Following the transaction, the insider now directly holds 0.2 million shares of the CDIO stock.
Still, SEC filings show that on Sep 06 ’24, Dogan Meeshanthini (Chief Executive Officer) acquired 68,965 shares at an average price of $0.29 for $20000.0. The insider now directly holds 1,683,867 shares of Cardio Diagnostics Holdings Inc (CDIO).
