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 5.36M but it saw 1319082 shares traded in last market. With a market cap of 23.85M USD, the company’s current market price of $0.46 came falling about -1.21 while comparing to the previous closing price of $0.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.77 and as low as $0.19.

Taking a look at 20-day trading activity of Cardio Diagnostics Holdings Inc (CDIO) gives us an average price of $0.5143, while its current price level is -74.16% below from 52-week high level whereas it is 140.74% 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 $0.6130 while that of 200 days or SMA-200 reads an average of $0.4909. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.40% during that period while stretching the period over a month that increases to 16.46%. 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 43.51 which implies that the stock is in neutral territory.

Over the week, CDIO’s stock price is moving 1.08% up while it is -1.97% when we observe its performance for the past one month. Year-to-date it is -50.12% down and over the past year, the stock is showing a downside performance of -64.54%.

Currently, Cardio Diagnostics Holdings Inc’s total number of outstanding shares is 52.15M with 7.69% of that held by the insiders while 4.93% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -197.78% and return on equity (ROE) at -276.30%. Stock’s beta reads 3.56. Stock has a price to book (P/B) ratio of 3.76 while price to sale or P/S ratio amounts to 596.20. Its return on asset (ROA) is -158.03% on average.