Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) shares, rose in value, with the stock price down by -2.51% to the previous day’s close as strong demand from buyers drove the stock to $0.25.
Actively observing the price movement in the last trading, the stock closed the session at $0.26, falling within a range of $0.246 and $0.2677. The value of beta (5-year monthly) was 4.732. Referring to stock’s 52-week performance, its high was $3.56, and the low was $0.19. On the whole, CDIO has fluctuated by 21.79% over the past month.
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With the market capitalization of Cardio Diagnostics Holdings Inc currently standing at about $6.54 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 370k, with a low estimate of 10k and a high estimate of 200k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 100k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CDIO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CDIO currently trading nearly 12.36% and -8.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.56, while the 7-day volatility ratio is showing 18.18% which for the 30-day chart, stands at 12.71%. Furthermore, Cardio Diagnostics Holdings Inc (CDIO)’s beta value is 4.73, and its average true range (ATR) is 0.03.
A comparison of Cardio Diagnostics Holdings Inc (CDIO) with its peers suggests the former has fared considerably weaker in the market. CDIO showed an intraday change of -2.51% in last session, and over the past year, it grew by 18.53%%.
Data on historical trading for Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) indicates that the trading volumes over the past 10 days have averaged 2.6 and over the past 3 months, they’ve averaged 1.42 million. According to company’s latest data on outstanding shares, there are 25.88 million shares outstanding.
Nearly 15.21% of Cardio Diagnostics Holdings Inc’s shares belong to company insiders and institutional investors own 6.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.02 million shares as on 2024-10-15, resulting in a short ratio of 0.43. According to the data, the short interest in Cardio Diagnostics Holdings Inc (CDIO) stood at 337.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 0.23 million. The stock has fallen by -89.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CDIO stock heading into the next quarter.
