In the latest trading session, 0.61 million Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) shares changed hands as the company’s beta touched 4.53. With the company’s most recent per share price at $0.30 changing hands around $0.0 or -0.49% at last look, the market valuation stands at $12.34M. CDIO’s current price is a discount, trading about -1086.67% off its 52-week high of $3.56. The share price had its 52-week low at $0.19, which suggests the last value was 36.67% up since then. When we look at Cardio Diagnostics Holdings Inc’s average trading volume, we note the 10-day average is 2.13 million shares, with the 3-month average coming to 3.03 million.
Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) trade information
Instantly CDIO was in red as seen in intraday trades today. With action 13.94%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -87.86%, with the 5-day performance at 13.94% in the green. However, in the 30-day time frame, Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) is 8.00% up. Looking at the short shares, we see there were 1.68 million shares sold at short interest cover period of 0.7 days.
Cardio Diagnostics Holdings Inc (CDIO) estimates and forecasts
Data shows that the Cardio Diagnostics Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -56.71% over the past 6 months, a 50.00% in annual growth rate that is considerably higher than the industry average of 17.70%. Year-over-year growth is forecast to reach 222.20% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 25k. 1 analysts are of the opinion that Cardio Diagnostics Holdings Inc’s revenue for the current quarter will be 50k. The company’s revenue for the corresponding quarters a year ago was 5.31k and 15.93k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 370.81%. The estimates for the next quarter sales put growth at 213.87%.
The 2024 estimates are for Cardio Diagnostics Holdings Inc earnings to increase by 45.45%.
CDIO Dividends
Cardio Diagnostics Holdings Inc is expected to release its next quarterly earnings report in January.
Cardio Diagnostics Holdings Inc (NASDAQ:CDIO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.86% of Cardio Diagnostics Holdings Inc shares while 4.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 4.60%.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. With 232.14 shares estimated at $70245.0 under it, the former controlled 0.57% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.29% of the shares, roughly 118.97 shares worth around $35999.0.
