Co-Diagnostics Inc (NASDAQ: CODX) is -77.63% lower on its value in year-to-date trading and has touched a low of $0.23 and a high of $2.23 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 CODX stock was last observed hovering at around $0.29 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.28, the stock is 3.78% and 2.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing -1.46% at the moment leaves the stock -54.89% off its SMA200. CODX registered -62.12% loss for a year compared to 6-month loss of -65.77%. The firm has a 50-day simple moving average (SMA 50) of $0.27858 and a 200-day simple moving average (SMA200) of $0.62983.
The stock witnessed a 7.01% gain in the last 1 month and extending the period to 3 months gives it a -19.70%, and is 3.12% 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 6.89% over the week and 8.46% over the month.
Co-Diagnostics Inc (CODX) has around 132 employees, a market worth around $9.58M and $0.57M in sales. Profit margin for the company is -6318.09%. Distance from 52-week low is 24.88% and -87.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-73.26%).
The EPS is expected to grow by 13.71% this year
45.0 institutions hold shares in Co-Diagnostics Inc (CODX), with institutional investors hold 19.17% of the company’s shares. The shares outstanding are 33.57M, and float is at 30.68M with Short Float at 0.92%. Institutions hold 17.44% 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 5.913 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 1.9486 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.5 million shares representing 1.6665 and valued at over $0.63 million, while GEODE CAPITAL MANAGEMENT, LLC holds 1.0536 of the shares totaling 0.32 million with a market value of $0.4 million.