Caredx Inc (NASDAQ:CDNA) currently has a daily average trading volume of 828.22K but it saw 1284572 shares traded in last market. With a market cap of 1.04B USD, the company’s current market price of $19.99 came rising about 6.56 while comparing to the previous closing price of $18.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $19.58 and as low as $4.80.
Taking a look at 20-day trading activity of Caredx Inc (CDNA) gives us an average price of $17.38, while its current price level is 2.09% below from 52-week high level whereas it is 316.46% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $15.74 while that of 200 days or SMA-200 reads an average of $11.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.37% during that period while stretching the period over a month that increases to 7.15%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 72.18 which implies that the stock is in overbought territory.
Craig Hallum upgraded its recommendation for the stock as a “Buy” from “Hold” on May 01, 2024 while assigning a price target of $15. Stephens issued its recommendations for the stock as it upgraded the price target for the stock is $10.
Over the week, CDNA’s stock price is moving 8.52% up while it is 29.97% when we observe its performance for the past one month. Year-to-date it is 66.58% up and over the past year, the stock is showing an upside performance of 83.23%.
Currently, Caredx Inc’s total number of outstanding shares is 51.50M. Company’s return on investment (ROI) stands at -64.71% and return on equity (ROE) at -54.18%. Stock’s beta reads 1.76. Stock has a price to book (P/B) ratio of 4.04 while price to sale or P/S ratio amounts to 3.78. Its return on asset (ROA) is -37.36% on average.
