Caredx Inc [NASDAQ: CDNA] loss -1.28% or -0.25 points to close at $19.24 with a heavy trading volume of 309715 shares.
It opened the trading session at $19.26, the shares rose to $19.48 and dropped to $19.02, the range by which the price of stock traded the whole day. The daily chart for CDNA points out that the company has recorded -9.16% loss over the past six months.
If we look at the average trading volume of 1.11M shares, CDNA reached to a volume of 309715 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Caredx Inc [CDNA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CDNA shares is $29.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CDNA stock is a recommendation set at 2.00. 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.
Wells Fargo have made an estimate for Caredx Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on January 15, 2025. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Underweight. The new note on the price target was released on August 28, 2024, representing the official price target for Caredx Inc stock. Previously, the target price had yet another raise to $40, while BTIG Research analysts kept a Buy rating on CDNA stock.
The Price to Book ratio for the last quarter was 2.81, with the Price to Cash per share for the same quarter was set at 4.15. Price to Free Cash Flow for CDNA in the course of the last twelve months was 53.17 with Quick ratio for the last quarter at 3.84.
Trading performance analysis for CDNA stock
Caredx Inc [CDNA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.26. With this latest performance, CDNA shares gained by 10.32% in over the last four-week period, additionally sinking by -9.16% over the last 6 months – not to mention a drop of -10.14% in the past year of trading.
Caredx Inc [CDNA]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Caredx Inc [CDNA] shares currently have an operating margin of -8.91% and a Gross Margin at 66.92%. Caredx Inc’s Net Margin is presently recorded at 19.79%.
Return on Equity for this stock inclined to 14.55%, with Return on Assets sitting at 14.55%.
Caredx Inc [CDNA]: An earnings per share (EPS) analysis
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 CDNA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Caredx Inc go to -11.41%.
An analysis of Institutional ownership at Caredx Inc [CDNA]
There are presently around $99.39%, or 102.70% of CDNA stock, in the hands of institutional investors. The top three institutional holders of CDNA stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 5.7 million shares, which is approximately 10.925%. BLACKROCK INC., holding 5.29 million shares of the stock with an approximate value of $$82.1 million in CDNA stocks shares; and BLACKROCK INC., currently with $$68.04 million in CDNA stock with ownership which is approximately 8.3937%.
