After A -49.79% Fall This Year Is Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) A Better Buy Than Others?

In recent trading session, Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) saw 3.44 million shares changing hands at last check today with its beta currently measuring 3.69. Company’s recent per share price level of $1.18 trading at $0.28 or 31.67% at last check today assigns it a market valuation of $47.93M. That most recent trading price of CDIO’s stock is at a discount of -201.69% from its 52-week high price of $3.56 and is indicating a premium of 83.9% from its 52-week low price of $0.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 22.23 million shares which gives us an average trading volume of 6.59 million if we extend that period to 3-months.

Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) trade information

Upright in the green today for gaining 31.67%, in the last five days CDIO remained trading in the red while hitting it’s week-highest on Friday, 12/13/24 when the stock touched $1.18 price level, adding 16.9% to its value on the day. Cardio Diagnostics Holdings Inc’s shares saw a change of -52.41% in year-to-date performance and have moved -1.25% in past 5-day. Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) showed a performance of 355.94% in past 30-days. Number of shares sold short was 1.68 million shares which calculate 0.7 days to cover the short interests.

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Cardio Diagnostics Holdings Inc (CDIO) estimates and forecasts

Statistics highlight that Cardio Diagnostics Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 97.50% of value to its shares in past 6 months, showing an annual growth rate of 50.00% while that of industry is 17.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 222.20% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 25k for the same. And 1 analysts are in estimates of company making revenue of 50k in the next quarter. Company posted 5.31k and 15.93k of sales in current and next quarters respectively a year earlier.

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

Insiders are in possession of 9.86% of company’s total shares while institution are holding 4.15 percent of that, with stock having share float percentage of 4.60%. Investors also watch the number of corporate investors in a company very closely, which is 4.15% institutions for Cardio Diagnostics Holdings Inc that are currently holding shares of the company.

On the other hand, Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 232.14 shares of worth $0.29 million or 0.57% of the total outstanding shares. The later fund manager was in possession of 116.77 shares on Oct 31, 2024, making its stake of worth around $0.15 million in the company or a holder of 0.29% of company’s stock.