In last trading session, Caredx Inc (NASDAQ:CDNA) saw 1.51 million shares changing hands with its beta currently measuring 1.76. Company’s recent per share price level of $23.98 trading at -$0.5 or -2.04% at ring of the bell on the day assigns it a market valuation of $1.26B. That closing price of CDNA’s stock is at a discount of -45.29% from its 52-week high price of $34.84 and is indicating a premium of 79.98% from its 52-week low price of $4.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.13 million shares which gives us an average trading volume of 986.86K if we extend that period to 3-months.
For Caredx Inc (CDNA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.11. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.01 in the current quarter.
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Caredx Inc (NASDAQ:CDNA) trade information
Upright in the red during last session for losing -2.04%, in the last five days CDNA remained trading in the red while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $23.98 price level, adding 23.92% to its value on the day. Caredx Inc’s shares saw a change of 99.83% in year-to-date performance and have moved -21.69% in past 5-day. Caredx Inc (NASDAQ:CDNA) showed a performance of -19.75% in past 30-days. Number of shares sold short was 3.66 million shares which calculate 4.77 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 34.5 to the stock, which implies a rise of 30.49% to its current value. Analysts have been projecting 15 as a low price target for the stock while placing it at a high target of 40. It follows that stock’s current price would jump 37.45% in reaching the projected high whereas dropping to the targeted low would mean a gain of 37.45% for stock’s current value.
Caredx Inc (CDNA) estimates and forecasts
Statistics highlight that Caredx Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 188.57% of value to its shares in past 6 months, showing an annual growth rate of 142.19% while that of industry is 7.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 16.20% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 80.17M for the same. And 9 analysts are in estimates of company making revenue of 81.48M in the next quarter. Company posted 67.19M and 65.57M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -21.96% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 76.60% while estimates for its earnings growth in next 5 years are of 20.00%.
Caredx Inc (NASDAQ:CDNA)’s Major holders
Insiders are in possession of 3.51% of company’s total shares while institution are holding 97.91 percent of that, with stock having share float percentage of 101.47%. Investors also watch the number of corporate investors in a company very closely, which is 97.91% institutions for Caredx Inc that are currently holding shares of the company. ARK INVESTMENT MANAGEMENT LLC is the top institutional holder at CDNA for having 5.7 million shares of worth $88.56 million. And as of 2024-06-30, it was holding 10.925 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 5.29 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.1283 of outstanding shares, having a total worth of $82.1 million.
