Chromadex Corp (NASDAQ:CDXC) price on current trading day, fall -11.55% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.66.
A look at the stock’s price movement, the close in the last trading session was $7.53, moving within a range at $6.625 and $7.49. The beta value (5-Year monthly) was 1.88 while the PE ratio in trailing twelve months stood at 352.38. Turning to its 52-week performance, $7.97 and $1.32 were the 52-week high and 52-week low respectively. Overall, CDXC moved 9.00% over the past month.
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Chromadex Corp’s market cap currently stands at around $508.72 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 26.52M for the company’s revenue for the quarter, with a low and high estimate of 25.43M and 28M respectively. The average forecast suggests up to a 25.09% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 96.94M, representing a 16.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CDXC is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend CDXC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CDXC’s current price about -8.57% and 27.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.44, while 7-day volatility ratio is 6.08% and 7.20% in the 30-day chart. Further, Chromadex Corp (CDXC) has a beta value of 2.15, and an average true range (ATR) of 0.47.
If we refocus on Chromadex Corp (NASDAQ:CDXC), historical trading data shows that trading volumes averaged 0.76 over the past 10 days and 1.18 million over the past 3 months. The company’s latest data on shares outstanding shows there are 76.03 million shares.
The 36.88% of Chromadex Corp’s shares are in the hands of company insiders while institutional holders own 23.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.13 million on 2024-11-15, giving us a short ratio of 0.89. The data shows that as of 2024-11-15 short interest in Chromadex Corp (CDXC) stood at 432.0 of shares outstanding, with shares short falling to 2.96 million registered in 2024-10-15. Current price change has pushed the stock 365.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CDXC stock continues to rise going into the next quarter.
