Caredx Inc (NASDAQ: CDNA) is 17.09% higher on its value in year-to-date trading and has touched a low of $7.42 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 $23.63 in the last trading session, with the day’s gains setting it 1.44%.
Currently trading at $25.07, the stock is 13.18% and 9.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing 6.09% at the moment leaves the stock 22.47% off its SMA200. CDNA registered 103.99% gain for a year compared to 6-month gain of 57.57%. The firm has a 50-day simple moving average (SMA 50) of $22.9365 and a 200-day simple moving average (SMA200) of $20.393524.
The stock witnessed a 4.15% loss in the last 1 month and extending the period to 3 months gives it a -17.88%, and is 12.27% 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 7.70% over the week and 5.79% over the month.
Caredx Inc (CDNA) has around 643 employees, a market worth around $1.34B and $312.77M in sales. Profit margin for the company is -45.90%. Distance from 52-week low is 237.87% and -28.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.32%).
with sales reaching $82.5M over the same period.The EPS is expected to grow by 80.23% this year, but quarterly earnings will post 17.72% year-over-year. Quarterly sales are estimated to grow 25.82% in year-over-year returns.
Caredx Inc (CDNA) Top Institutional Holders
305.0 institutions hold shares in Caredx Inc (CDNA), with institutional investors hold 100.08% of the company’s shares. The shares outstanding are 53.11M, and float is at 50.22M with Short Float at 7.90%. Institutions hold 96.63% 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 Novack Jeffrey Adam, the company’s Secretary and General Counsel. SEC filings show that Novack Jeffrey Adam sold 1,917 shares of the company’s common stock on Dec 04 ’24 at a price of $26.00 per share for a total of $49842.0. Following the sale, the insider now owns 0.11 million shares.
Still, SEC filings show that on Nov 26 ’24, Maag Peter (Director) disposed off 5,000 shares at an average price of $25.00 for $0.12 million. The insider now directly holds 330,024 shares of Caredx Inc (CDNA).
