Cardio Diagnostics Holdings Inc [NASDAQ: CDIO] plunged by -$0.01 during the normal trading session on while it closed the day at $0.25.
Cardio Diagnostics Holdings Inc stock has also loss -10.65% of its value over the past 7 days. However, CDIO stock has declined by -54.38% in the 3 months of the year. Over the past six months meanwhile, it has lost -81.75% and lost -89.96% year-on date.
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The market cap for CDIO stock reached $6.47 million, with 25.88 million shares outstanding and 21.58 million shares in the current float. Compared to the average trading volume of 254.67K shares, CDIO reached a trading volume of 4750661 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Cardio Diagnostics Holdings Inc [CDIO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CDIO shares is $2.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CDIO stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Cardio Diagnostics Holdings Inc is set at 0.03, with the Price to Sales ratio for CDIO stock in the period of the last 12 months amounting to 161.75. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 0.05.
CDIO stock trade performance evaluation
Cardio Diagnostics Holdings Inc [CDIO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.65. With this latest performance, CDIO shares dropped by -36.66% in over the last four-week period, additionally sinking by -81.75% over the last 6 months – not to mention a drop of -37.34% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CDIO stock in for the last two-week period is set at 26.38, with the RSI for the last a single of trading hit 22.79, and the three-weeks RSI is set at 29.04 for Cardio Diagnostics Holdings Inc [CDIO]. The present Moving Average for the last 50 days of trading for this stock 0.3847, while it was recorded at 0.2665 for the last single week of trading, and 1.0999 for the last 200 days.
Cardio Diagnostics Holdings Inc [CDIO]: An insightful look at the core fundamentals
Cardio Diagnostics Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.69 and a Current Ratio set at 5.69.
Cardio Diagnostics Holdings Inc [CDIO]: Institutional Ownership
There are presently around $7.56%, or 9.04%% of CDIO stock, in the hands of institutional investors.
