Caredx Inc (NASDAQ:CDNA) shares, rose in value on Friday, March 28, with the stock price down by -2.13% to the previous day’s close as strong demand from buyers drove the stock to $17.96.
Actively observing the price movement in the last trading, the stock closed the session at $18.35, falling within a range of $17.77 and $18.31. The value of beta (5-year monthly) was 1.952 whereas the PE ratio was 17.66 over 12-month period. Referring to stock’s 52-week performance, its high was $34.84, and the low was $7.42. On the whole, CDNA has fluctuated by -14.72% over the past month.
With the market capitalization of Caredx Inc currently standing at about $995.45 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-25.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 370.85M, with a low estimate of 83.18M and a high estimate of 86.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 84.56M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CDNA’s technical picture suggests that short-term indicators denote the stock is a 100% 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 CDNA currently trading nearly -5.53% and -15.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.18, while the 7-day volatility ratio is showing 3.74% which for the 30-day chart, stands at 5.11%. Furthermore, Caredx Inc (CDNA)’s beta value is 2.17, and its average true range (ATR) is 1.05.
A comparison of Caredx Inc (CDNA) with its peers suggests the former has fared considerably weaker in the market. CDNA showed an intraday change of -2.13% in last session, and over the past year, it grew by 87.67%%.
Data on historical trading for Caredx Inc (NASDAQ:CDNA) indicates that the trading volumes over the past 10 days have averaged 0.55 and over the past 3 months, they’ve averaged 846.35K. According to company’s latest data on outstanding shares, there are 54.77 million shares outstanding.
Nearly 7.07% of Caredx Inc’s shares belong to company insiders and institutional investors own 100.45% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.74 million shares as on 2025-03-14, resulting in a short ratio of 6.37. According to the data, the short interest in Caredx Inc (CDNA) stood at 1352.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 4.78 million. The stock has fallen by -16.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CDNA stock heading into the next quarter.
