Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Stock Has Dropped -20.10% Over The Month – Is There Room For Growth?

Cardio Diagnostics Holdings Inc (NASDAQ:CDIO)’s traded shares stood at 1.21 million during the last session, with the company’s beta value hitting 4.72. At the close of trading, the stock’s price was $0.22, to imply a decrease of -1.38% or $0.0 in intraday trading. The CDIO share’s 52-week high remains $3.56, putting it -1518.18% down since that peak but still an impressive 22.73% since price per share fell to its 52-week low of $0.17. The company has a valuation of $5.56M, with an average of 1.95 million shares in intraday trading volume over the past 10 days and average of 1.19 million shares over the past 3 months.

Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) trade information

After registering a -1.38% downside in the last session, Cardio Diagnostics Holdings Inc (CDIO) has traded red over the past five days. The 5-day price performance for the stock is -5.87%, and -20.10% over 30 days. With these gigs, the year-to-date price performance is -91.37%. Short interest in Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) saw shorts transact 2.8 million shares and set a 1.55 days time to cover.

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Cardio Diagnostics Holdings Inc (CDIO) estimates and forecasts

Looking at statistics comparing Cardio Diagnostics Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. Cardio Diagnostics Holdings Inc (CDIO) shares are -71.33% down over the last 6 months, with its year-to-date growth rate higher than industry average at 50.00% against 17.40%. The rating firms project that company’s revenue will grow 2,076.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 100k. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 190k.Earnings reports from the last fiscal year show that sales brought in 10k and 5k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 900.00% before jumping 3,700.00% in the following quarter.

CDIO Dividends

Cardio Diagnostics Holdings Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Cardio Diagnostics Holdings Inc (NASDAQ:CDIO)’s Major holders

Cardio Diagnostics Holdings Inc insiders hold 13.03% of total outstanding shares, with institutional holders owning 5.92% of the shares at 6.81% float percentage. In total, 5.92% institutions holds shares in the company.