Cardio Diagnostics Holdings Inc (CDIO) Investors To Reap Big Returns Again

Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) has a beta value of 4.53 and has seen 0.43 million shares traded in the recent trading session. The company, currently valued at $12.25M, closed the recent trade at $0.28 per share which meant it gained $0.01 on the day or 6.41% during that session. The CDIO stock price is -1171.43% off its 52-week high price of $3.56 and 32.14% above the 52-week low of $0.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.83 million shares traded. The 3-month trading volume is 2.81 million shares.

Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) trade information

Sporting 6.41% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CDIO stock price touched $0.28 or saw a rise of 4.76%. Year-to-date, Cardio Diagnostics Holdings Inc shares have moved -88.66%, while the 5-day performance has seen it change 6.09%. Over the past 30 days, the shares of Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) have changed 26.64%. Short interest in the company has seen 1.68 million shares shorted with days to cover at 0.7.

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Cardio Diagnostics Holdings Inc (CDIO) estimates and forecasts

Figures show that Cardio Diagnostics Holdings Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -59.66% over the past 6 months, with this year growth rate of 50.00%, compared to 18.00% for the industry. Revenue growth from the last financial year stood is estimated to be 222.20%.

1 analysts offering their estimates for the company have set an average revenue estimate of 25k for the current quarter. 1 have an estimated revenue figure of 50k for the next ending quarter. Year-ago sales stood 5.31k and 15.93k respectively for this quarter and the next, and analysts expect sales will grow by 370.81% for the current quarter and 222.20% for the next.

CDIO Dividends

Cardio Diagnostics Holdings Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 9.86% of the company shares, while shares held by institutions stand at 4.15% with a share float percentage of 4.60%. Investors are also buoyed by the number of investors in a company, with Cardio Diagnostics Holdings Inc having a total of 15.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. As of Jun 30, 2024, the former fund manager holds about 0.57% shares in the company for having 232.14 shares of worth $65022.0 while later fund manager owns 118.97 shares of worth $33322.0 as of Sep 30, 2024, which makes it owner of about 0.29% of company’s outstanding stock.