Chromadex Corp (NASDAQ:CDXC) shares, rose in value on Thursday, November 21, with the stock price up by 2.13% to the previous day’s close as strong demand from buyers drove the stock to $7.66.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.50, falling within a range of $7.37 and $7.85. The value of beta (5-year monthly) is 1.88 whereas the PE ratio is 405.29 over 12-month period. Referring to stock’s 52-week performance, its high was $7.67, and the low was $1.32. On the whole, CDXC has fluctuated by 121.39% over the past month.
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With the market capitalization of Chromadex Corp currently standing at about $585.09 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 96.94M, with a low estimate of 25.43M and a high estimate of 28M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 26.52M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CDXC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of CDXC currently trading nearly 26.57% and 68.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.52, while the 7-day volatility ratio is showing 6.90% which for the 30-day chart, stands at 9.79%. Furthermore, Chromadex Corp (CDXC)’s beta value is 2.02, and its average true range (ATR) is 0.48.
A comparison of Chromadex Corp (CDXC) with its peers suggests the former has fared considerably weaker in the market. CDXC showed an intraday change of 2.13% in today’s session so far, and over the past year, it grew by 431.94%%.
Data on historical trading for Chromadex Corp (NASDAQ:CDXC) indicates that the trading volumes over the past 10 days have averaged 1.17 and over the past 3 months, they’ve averaged 1.09 million. According to company’s latest data on outstanding shares, there are 74.98 million shares outstanding.
Nearly 36.88% of Chromadex Corp’s shares belong to company insiders and institutional investors own 23.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.6 million shares as on 2024-10-31, resulting in a short ratio of 9.98. According to the data, the short interest in Chromadex Corp (CDXC) stood at 526.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 3.2 million. The stock has risen by 435.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CDXC stock heading into the next quarter.
