Cardio Diagnostics Holdings Inc (CDIO) Down -91.35% From Its 52-Week High, But Growth Potential Is Changing Over Time

Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) currently has a daily average trading volume of 2.60M but it saw 2477734 shares traded in last market. With a market cap of 7.98M USD, the company’s current market price of $0.31 came falling about -14.50 while comparing to the previous closing price of $0.36. 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 $0.2925 while lowest mark touched by it was $0.3648.

Taking a look at 20-day trading activity of Cardio Diagnostics Holdings Inc (CDIO) gives us an average price of $0.2850, while its current price level is -91.35% below from 52-week high level whereas it is 62.00% 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 $0.2647 while that of 200 days or SMA-200 reads an average of $0.7526. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.00% during that period while stretching the period over a month that decreases to 20.61%. 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 51.64 which implies that the stock is in neutral territory.

Over the week, CDIO’s stock price is moving -14.21% down while it is 43.70% when we observe its performance for the past one month. Year-to-date it is -87.64% down and over the past year, the stock is showing a downside performance of -72.52%.

Currently, Cardio Diagnostics Holdings Inc’s total number of outstanding shares is 25.91M. 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 2.33 while price to sale or P/S ratio amounts to 199.43. Its return on asset (ROA) is -163.16% on average.