Look Past The Setbacks And Give Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) Another Chance

Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) currently has a daily average trading volume of 6.46M but it saw 8376522 shares traded in last market. With a market cap of 36.39M USD, the company’s current market price of $0.90 came rising about 5.88 while comparing to the previous closing price of $0.85. 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 $0.776 while lowest mark touched by it was $1.15.

Taking a look at 20-day trading activity of Cardio Diagnostics Holdings Inc (CDIO) gives us an average price of $0.6281, while its current price level is -74.72% below from 52-week high level whereas it is 373.68% 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 $0.4117 while that of 200 days or SMA-200 reads an average of $0.6036. A closer look into the stock’s movement over the week reveals that its volatility is standing at 46.19% during that period while stretching the period over a month that decreases to 29.83%. 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 58.19 which implies that the stock is in neutral territory.

Over the week, CDIO’s stock price is moving -40.79% down while it is 238.09% when we observe its performance for the past one month. Year-to-date it is -63.86% down and over the past year, the stock is showing a downside performance of -56.73%.

Currently, Cardio Diagnostics Holdings Inc’s total number of outstanding shares is 40.44M. Company’s return on investment (ROI) stands at -197.78% and return on equity (ROE) at -276.30%. Stock’s beta reads 4.40. Stock has a price to book (P/B) ratio of 7.41 while price to sale or P/S ratio amounts to 909.79. Its return on asset (ROA) is -158.03% on average.