Cardio Diagnostics Holdings Inc [NASDAQ: CDIO] gained 10.85% on the last trading session, reaching $0.23 price per share at the time.
If compared to the average trading volume of 783.49K shares, CDIO reached a trading volume of 5909432 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 148.81. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 0.05.
Trading performance analysis for CDIO stock
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 -12.65. With this latest performance, CDIO shares dropped by -30.30% in over the last four-week period, additionally sinking by -80.99% over the last 6 months – not to mention a drop of -32.35% 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 31.05, with the RSI for the last a single of trading hit 32.69, and the three-weeks RSI is set at 31.33 for Cardio Diagnostics Holdings Inc [CDIO]. The present Moving Average for the last 50 days of trading for this stock 0.3614, while it was recorded at 0.2259 for the last single week of trading, and 1.0767 for the last 200 days.
Cardio Diagnostics Holdings Inc [CDIO]: A deeper dive into fundamental analysis
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]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Cardio Diagnostics Holdings Inc posted -0.16/share EPS, while the average EPS was predicted by analysts to be reported at -0.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.11. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CDIO.
An analysis of Institutional ownership at Cardio Diagnostics Holdings Inc [CDIO]
There are presently around $7.56%, or 9.04%% of CDIO stock, in the hands of institutional investors.
