Now Is The Time To Build A Position In Chromadex Corp (NASDAQ:CDXC)

In last trading session, Chromadex Corp (NASDAQ:CDXC) saw 0.48 million shares changing hands with its beta currently measuring 2.12. Company’s recent per share price level of $7.72 trading at $0.08 or 1.05% at ring of the bell on the day assigns it a market valuation of $589.68M. That closing price of CDXC’s stock is at a discount of -2.2% from its 52-week high price of $7.89 and is indicating a premium of 82.9% from its 52-week low price of $1.32. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.97 million shares which gives us an average trading volume of 1.14 million if we extend that period to 3-months.

For Chromadex Corp (CDXC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 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 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.02 in the current quarter.

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Chromadex Corp (NASDAQ:CDXC) trade information

Upright in the green during last session for gaining 1.05%, in the last five days CDXC remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $7.72 price level, adding 3.14% to its value on the day. Chromadex Corp’s shares saw a change of 439.86% in year-to-date performance and have moved 1.18% in past 5-day. Chromadex Corp (NASDAQ:CDXC) showed a performance of 115.64% in past 30-days. Number of shares sold short was 2.13 million shares which calculate 0.89 days to cover the short interests.

Chromadex Corp (CDXC) estimates and forecasts

Statistics highlight that Chromadex Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 179.71% of value to its shares in past 6 months, showing an annual growth rate of 157.14% while that of industry is 17.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 16.00% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 26.52M for the same. And 4 analysts are in estimates of company making revenue of 27.74M in the next quarter. Company posted 21.2M and 22.15M 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 35.83% during past 5 years.

Chromadex Corp (NASDAQ:CDXC)’s Major holders

Insiders are in possession of 35.40% of company’s total shares while institution are holding 23.87 percent of that, with stock having share float percentage of 36.95%. Investors also watch the number of corporate investors in a company very closely, which is 23.87% institutions for Chromadex Corp that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at CDXC for having 3.39 million shares of worth $9.24 million. And as of 2024-06-30, it was holding 4.5014 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 3.12 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.1422 of outstanding shares, having a total worth of $8.51 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 2.2 shares of worth $16.96 million or 2.88% of the total outstanding shares. The later fund manager was in possession of 1.1 shares on Aug 31, 2024 , making its stake of worth around $8.49 million in the company or a holder of 1.44% of company’s stock.