With 25.88M Outstanding Shares, Can Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Deliver Big Short-Term Gains?

Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) currently has a daily average trading volume of 1.58M but it saw 50939594 shares traded in last market. With a market cap of 9.29M USD, the company’s current market price of $0.36 came rising about 26.56 while comparing to the previous closing price of $0.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.56 and as low as $0.19. In the recent trading on the day, stock has struck highest price mark of $0.2852 while lowest mark touched by it was $0.5197.

Taking a look at 20-day trading activity of Cardio Diagnostics Holdings Inc (CDIO) gives us an average price of $0.2438, while its current price level is -89.92% below from 52-week high level whereas it is 88.84% 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 $0.2632 while that of 200 days or SMA-200 reads an average of $0.7950. A closer look into the stock’s movement over the week reveals that its volatility is standing at 29.79% during that period while stretching the period over a month that decreases to 17.22%. 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 67.82 which implies that the stock is in neutral territory.

Over the week, CDIO’s stock price is moving 41.99% up while it is 68.93% when we observe its performance for the past one month. Year-to-date it is -85.59% down and over the past year, the stock is showing a downside performance of -47.24%.

Currently, Cardio Diagnostics Holdings Inc’s total number of outstanding shares is 25.88M. Company’s return on investment (ROI) stands at -242.30% and return on equity (ROE) at -293.27%. Stock’s beta reads 4.67. Stock has a price to book (P/B) ratio of 2.72 while price to sale or P/S ratio amounts to 232.24. Its return on asset (ROA) is -163.16% on average.