Cardiff Oncology Inc (NASDAQ:CRDF) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $3.12.
Actively observing the price movement in the last trading, the stock closed the session at $3.12, falling within a range of $3.0 and $3.3997. The value of beta (5-year monthly) was 1.954. Referring to stock’s 52-week performance, its high was $6.42, and the low was $0.94. On the whole, CRDF has fluctuated by 20.93% over the past month.
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With the market capitalization of Cardiff Oncology Inc currently standing at about $145.23 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 80k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRDF’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of CRDF currently trading nearly 11.81% and 20.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.73, while the 7-day volatility ratio is showing 8.92% which for the 30-day chart, stands at 7.24%. Furthermore, Cardiff Oncology Inc (CRDF)’s beta value is 1.95, and its average true range (ATR) is 0.21.
A comparison of Cardiff Oncology Inc (CRDF) with its peers suggests the former has fared considerably weaker in the market. CRDF showed an intraday change of 0.00% in last session, and over the past year, it grew by 191.59%%.
Data on historical trading for Cardiff Oncology Inc (NASDAQ:CRDF) indicates that the trading volumes over the past 10 days have averaged 0.93 and over the past 3 months, they’ve averaged 524.85K. According to company’s latest data on outstanding shares, there are 44.68 million shares outstanding.
Nearly 7.76% of Cardiff Oncology Inc’s shares belong to company insiders and institutional investors own 25.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.32 million shares as on 2024-10-15, resulting in a short ratio of 13.38. According to the data, the short interest in Cardiff Oncology Inc (CRDF) stood at 1616.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 6.9 million. The stock has risen by 110.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRDF stock heading into the next quarter.
