In today’s recent session, 4.07 million shares of the Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) have been traded, and its beta is 4.53. Most recently the company’s share price was $0.59, and it changed around $0.04 or 8.09% from the last close, which brings the market valuation of the company to $28.47M. CDIO at last check was trading at a discount to its 52-week high of $3.56, offering almost -503.39% off that amount. The share price’s 52-week low was $0.19, which indicates that the recent value has risen by an impressive 67.8% since then. We note from Cardio Diagnostics Holdings Inc’s average daily trading volume that its 10-day average is 12.87 million shares, with the 3-month average coming to 4.82 million.
Cardio Diagnostics Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended CDIO as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Cardio Diagnostics Holdings Inc is expected to report earnings per share of -0.06 for the current quarter.
Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) trade information
Instantly CDIO has been showing a green trend so far today with a performance of 8.09% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.6929 on recent trading dayincreased the stock’s daily price by 14.85%. The company’s shares are currently down -76.12% year-to-date, but still up 99.10% over the last five days. On the other hand, Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) is 39.82% up in the 30-day period. We can see from the shorts that 1.68 million shares have been sold at a short interest cover period of 0.7 day(s).
Cardio Diagnostics Holdings Inc (CDIO) estimates and forecasts
Cardio Diagnostics Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -4.11 percent over the past six months and at a 50.00% annual growth rate that is well above the industry average of 17.10%. The year-over-year growth rate is expected to be 222.20%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 25k in revenue for the current quarter. 1 analysts expect Cardio Diagnostics Holdings Inc to make 50k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 5.31k and 15.93k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 370.81%. Forecasts for the next quarter put sales growth at 213.87%.
Cardio Diagnostics Holdings Inc (NASDAQ:CDIO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.86% of Cardio Diagnostics Holdings Inc shares, and 4.15% of them are in the hands of institutional investors. The stock currently has a share float of 4.60%.
Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 232.14 shares worth $0.14 million, making up 0.57% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 118.97 shares worth around $70178.0, which represents about 0.29% of the total shares outstanding.
