In the last trading session, 1.05 million Caredx Inc (NASDAQ:CDNA) shares changed hands as the company’s beta touched 2.26. With the company’s per share price at $18.13 changed hands at -$0.12 or -0.66% during last session, the market valuation stood at $1.00B. CDNA’s last price was a discount, traded about -92.17% off its 52-week high of $34.84. The share price had its 52-week low at $7.61, which suggests the last value was 58.03% up since then. When we look at Caredx Inc’s average trading volume, we note the 10-day average is 0.61 million shares, with the 3-month average coming to 793.40K.
Analysts gave the Caredx Inc (CDNA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.89. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CDNA as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Caredx Inc’s EPS for the current quarter is expected to be 0.07.
Caredx Inc (NASDAQ:CDNA) trade information
Instantly CDNA was in red as seen at the end of in last trading. With action 2.00%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -15.32%, with the 5-day performance at 2.00% in the green. However, in the 30-day time frame, Caredx Inc (NASDAQ:CDNA) is 0.95% up. Looking at the short shares, we see there were 6.05 million shares sold at short interest cover period of 9.03 days.
The consensus price target for the stock as assigned by Wall Street analysts is 30, meaning bulls need an upside of 39.57% from its current market value. According to analyst projections, CDNA’s forecast low is 25 with 35 as the target high. To hit the forecast high, the stock’s price needs a -93.05% plunge from its current level, while the stock would need to soar -37.89% for it to hit the projected low.
Caredx Inc (CDNA) estimates and forecasts
Year-over-year growth is forecast to reach 11.12% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 84.53M. 8 analysts are of the opinion that Caredx Inc’s revenue for the current quarter will be 90.69M. The company’s revenue for the corresponding quarters a year ago was 72.05M and 92.27M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.33%. The estimates for the next quarter sales put growth at -1.72%.
The 2025 estimates are for Caredx Inc earnings to decrease by -148.39%, but the outlook for the next 5-year period is at -19.23% per year.
CDNA Dividends
Caredx Inc is expected to release its next quarterly earnings report on 2025-Feb-25.
Caredx Inc (NASDAQ:CDNA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.83% of Caredx Inc shares while 95.99% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.81%. There are 95.99% institutions holding the Caredx Inc stock share, with ARK INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 10.925% of the shares, roughly 5.7 million CDNA shares worth $88.56 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.1283% or 5.29 million shares worth $82.1 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were ARK ETF Trust-ARK Genomic Revolution ETF and BARON INVESTMENT Fd.S TRT -BARON DISCOVERY Fd. . With 2.31 shares estimated at $41.84 million under it, the former controlled 4.16% of total outstanding shares. On the other hand, BARON INVESTMENT Fd.S TRT -BARON DISCOVERY Fd. held about 3.03% of the shares, roughly 1.68 shares worth around $30.48 million.
