Are Analysts Too Bullish On Cardio Diagnostics Holdings Inc (CDIO)

Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) currently has a daily average trading volume of 1.36M but it saw 2414259 shares traded in last market. With a market cap of 27.11M USD, the company’s current market price of $0.52 came rising about 13.69 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. In the recent trading on the day, stock has struck highest price mark of $0.4601 while lowest mark touched by it was $0.5795.

Taking a look at 20-day trading activity of Cardio Diagnostics Holdings Inc (CDIO) gives us an average price of $0.3758, while its current price level is -70.63% below from 52-week high level whereas it is 173.63% 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 $0.4350 while that of 200 days or SMA-200 reads an average of $0.4529. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.44% during that period while stretching the period over a month that increases to 15.82%. 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 65.55 which implies that the stock is in neutral territory.

Over the week, CDIO’s stock price is moving 38.97% up while it is 20.04% when we observe its performance for the past one month. Year-to-date it is -43.30% down and over the past year, the stock is showing a downside performance of -30.59%.

The company is expected to be releasing its next quarterly report on 2025-Mar-19, for which analysts forecasted an EPS of -0.06 while estimate for next year EPS is -0.23. Moreover, analysts are in estimates of $50k for current-quarter revenue.

Currently, Cardio Diagnostics Holdings Inc’s total number of outstanding shares is 52.15M with 7.55% 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 -83.97% and return on equity (ROE) at -133.96%. Stock’s beta reads 3.45. Stock has a price to book (P/B) ratio of 2.50 while price to sale or P/S ratio amounts to 903.67. Its return on asset (ROA) is -111.20% on average.