Caredx Inc (NASDAQ:CDNA) shares, rose in value, with the stock price down by -3.29% to the previous day’s close as strong demand from buyers drove the stock to $17.62.
Actively observing the price movement in the last trading, the stock closed the session at $18.22, falling within a range of $17.56 and $18.24. The value of beta (5-year monthly) was 2.177 whereas the PE ratio was 17.32 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 -8.09% over the past month.
With the market capitalization of Caredx Inc currently standing at about $976.60 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 -3.69% and -12.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.81, while the 7-day volatility ratio is showing 4.66% which for the 30-day chart, stands at 6.81%. Furthermore, Caredx Inc (CDNA)’s beta value is 2.18, and its average true range (ATR) is 1.29.
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 -3.29% in last session, and over the past year, it grew by 124.46%%.
Data on historical trading for Caredx Inc (NASDAQ:CDNA) indicates that the trading volumes over the past 10 days have averaged 0.76 and over the past 3 months, they’ve averaged 811.96K. According to company’s latest data on outstanding shares, there are 54.77 million shares outstanding.
Nearly 7.06% of Caredx Inc’s shares belong to company insiders and institutional investors own 100.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.56 million shares as on 2025-03-31, resulting in a short ratio of 7.46. According to the data, the short interest in Caredx Inc (CDNA) stood at 1308.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 5.18 million. The stock has fallen by -17.70% 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.
