Caredx Inc (NASDAQ: CDNA) is -11.63% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CDNA stock was last observed hovering at around $18.90 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $18.92, the stock is -14.88% and -15.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 0.11% at the moment leaves the stock -16.87% off its SMA200. CDNA registered 63.10% gain for a year compared to 6-month loss of -31.65%.
The stock witnessed a -19.80% gain in the last 1 month and extending the period to 3 months gives it a -24.20%, and is -14.58% 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 6.15% over the week and 7.19% over the month.
Caredx Inc (CDNA) has around 650 employees, a market worth around $1.05B and $333.79M in sales. Current P/E ratio is 18.60. Profit margin for the company is 18.65%. Distance from 52-week low is 154.99% and -45.69% from its 52-week high. The company has generated returns on investments over the last 12 months (15.53%).
with sales reaching $84.56M over the same period.The EPS is expected to shrink by -148.39% this year, but quarterly earnings will post 11.11% year-over-year. Quarterly sales are estimated to grow 17.36% in year-over-year returns.
Caredx Inc (CDNA) Top Institutional Holders
The shares outstanding are 54.77M, and float is at 51.92M with Short Float at 9.21%.
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 3,512 shares of the company’s common stock on Feb 04 ’25 at a price of $23.30 per share for a total of $81829.0. Following the sale, the insider now owns 0.1 million shares.
Still, SEC filings show that on Dec 04 ’24, Novack Jeffrey Adam (Secretary and General Counsel) disposed off 1,917 shares at an average price of $26.00 for $49842.0. The insider now directly holds 110,237 shares of Caredx Inc (CDNA).
