Caredx Inc [NASDAQ: CDNA] plunged by -$7.39 during the normal trading session on Thursday and reaching a high of $18.715 during the day while it closed the day at $11.81.
Caredx Inc stock has also loss -42.75% of its value over the past 7 days. However, CDNA stock has declined by -38.36% in the 3 months of the year. Over the past six months meanwhile, it has lost -46.44% and lost -26.83% year-on date.
The market cap for CDNA stock reached $657.59 million, with 55.46 million shares outstanding and 51.93 million shares in the current float. Compared to the average trading volume of 1.13M shares, CDNA reached a trading volume of 16050950 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 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 $29.57 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 1.75. 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 1.73, 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 32.63 with Quick ratio for the last quarter at 3.84.
CDNA stock trade performance evaluation
Caredx Inc [CDNA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -42.75. With this latest performance, CDNA shares dropped by -38.07% in over the last four-week period, additionally sinking by -46.44% over the last 6 months – not to mention a drop of -44.84% 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 CDNA stock in for the last two-week period is set at 22.91, with the RSI for the last a single of trading hit 1.73, and the three-weeks RSI is set at 1.28 for Caredx Inc [CDNA]. The present Moving Average for the last 50 days of trading for this stock 18.09, while it was recorded at 18.03 for the last single week of trading, and 21.19 for the last 200 days.
Caredx Inc [CDNA]: An insightful look at the core fundamentals
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%.
Caredx Inc (CDNA) Capital Structure & Debt Analysis
According to recent financial data for Caredx Inc. ( CDNA), the Return on Equity (ROE) stands at 21.57%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 14.55%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Caredx Inc’s Return on Invested Capital (ROIC) is 16.99%, showcasing its effectiveness in deploying capital for earnings.
Caredx Inc (CDNA) Efficiency & Liquidity Metrics
Based on Caredx Inc’s (CDNA) latest financial statements, the Debt-to-Equity Ratio is 0.08%, indicating its reliance on debt financing relative to shareholder equity.
Caredx Inc (CDNA) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Caredx Inc. (CDNA) effectively leverages its workforce, generating an average of $105446.15 per employee. The company’s liquidity position is robust, with a Current Ratio of 4.11% and a Quick Ratio of 3.84%, indicating strong ability to cover short-term liabilities.
Earnings per share (EPS) analysis for Caredx Inc [CDNA] stock
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%.
Caredx Inc [CDNA]: Institutional Ownership
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%.
