Should Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Rally After -293.33% Drop From High?

Cardio Diagnostics Holdings Inc (NASDAQ:CDIO)’s traded shares stood at 0.64 million during the last session, with the company’s beta value hitting 3.53. At the close of trading, the stock’s price was $0.45, to imply an increase of 2.27% or $0.01 in intraday trading. The CDIO share’s 52-week high remains $1.77, putting it -293.33% down since that peak but still an impressive 57.78% since price per share fell to its 52-week low of $0.19. The company has a valuation of $23.46M, with an average of 0.61 million shares in intraday trading volume over the past 10 days and average of 2.49 million shares over the past 3 months.

Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) trade information

After registering a 2.27% upside in the last session, Cardio Diagnostics Holdings Inc (CDIO) has traded red over the past five days. The 5-day price performance for the stock is 6.06%, and -4.46% over 30 days. With these gigs, the year-to-date price performance is -50.93%. Short interest in Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) saw shorts transact 1.98 million shares and set a 0.9 days time to cover.

Cardio Diagnostics Holdings Inc (CDIO) estimates and forecasts

The rating firms project that company’s revenue will grow 1,404.73% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 50k. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 75k.Earnings reports from the last fiscal year show that sales brought in 15.93k and 7.87k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 213.87% before jumping 852.99% in the following quarter.

CDIO Dividends

Cardio Diagnostics Holdings Inc has its next earnings report out on 2025-Mar-19. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Cardio Diagnostics Holdings Inc insiders hold 7.69% of total outstanding shares, with institutional holders owning 4.93% of the shares at 5.34% float percentage. In total, 4.93% institutions holds shares in the company.

We also have Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Cardio Diagnostics Holdings Inc (CDIO) shares. Going by data provided on Dec 31, 2024 , Vanguard Extended Market Index Fund holds roughly 232.14 shares. This is just over 0.45% of the total shares, with a market valuation of $0.1 million. Data from the same date shows that the other fund manager holds a little less at 203.3, or 0.39% of the shares, all valued at about 91486.0.