Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) price on Wednesday, February 05, fall -8.38% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.43.
A look at the stock’s price movement, the close in the last trading session was $0.47, moving within a range at $0.42 and $0.4695. The beta value (5-Year monthly) was 4.679. Turning to its 52-week performance, $2.40 and $0.19 were the 52-week high and 52-week low respectively. Overall, CDIO moved -55.28% over the past month.
Cardio Diagnostics Holdings Inc’s market cap currently stands at around $17.29 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 25k for the company’s revenue for the quarter, with a low and high estimate of 25k and 25k respectively. The average forecast suggests up to a 370.81% 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 55k, representing a 222.20% 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 CDIO is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
CDIO’s current price about -21.83% and -36.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.72, while 7-day volatility ratio is 9.66% and 16.40% in the 30-day chart. Further, Cardio Diagnostics Holdings Inc (CDIO) has a beta value of 3.55, and an average true range (ATR) of 0.10.
If we refocus on Cardio Diagnostics Holdings Inc (NASDAQ:CDIO), historical trading data shows that trading volumes averaged 5.67 over the past 10 days and 7.19 million over the past 3 months. The company’s latest data on shares outstanding shows there are 40.44 million shares.
The 9.73% of Cardio Diagnostics Holdings Inc’s shares are in the hands of company insiders while institutional holders own 4.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.68 million on 2024-10-31, giving us a short ratio of 0.7. The data shows that as of 2024-10-31 short interest in Cardio Diagnostics Holdings Inc (CDIO) stood at 552.0 of shares outstanding, with shares short falling to 2.8 million registered in 2024-09-30. Current price change has pushed the stock -53.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CDIO stock continues to rise going into the next quarter.
