Cardiol Therapeutics Inc. (CRDL) is priced at $1.90 after the most recent trading session. At the very opening of the session, the stock price was $1.79 and reached a high price of $1.82, prior to closing the session it reached the value of $1.72. The stock touched a low price of $1.675.Recently in News on November 5, 2021, Cardiol Therapeutics Announces Closing of US$50 Million Public Offering. Oakville, Ontario–(Newsfile Corp. – November 5, 2021) – Cardiol Therapeutics Inc. (NASDAQ: CRDL) (TSX: CRDL) (“Cardiol” or the “Company”), a clinical-stage biotechnology company focused on developing anti-inflammatory therapies for the treatment of cardiovascular disease, announced today the closing of its previously announced public offering (the “Offering”) of 16,350,000 units of the Company (the “Units”) at a price to the public of US$3.07 per Unit for gross proceeds of US$50,194,500, before deducting the underwriting discounts and commissions and estimated expenses incurred in connection with the Offering. Each Unit is comprised of one Class A common share of the Company (each, a “Unit Share”) and one-half of one Class A common share purchase warrant of the Company (each, a “Warrant”). Each Warrant entitle the holder thereof to purchase one Class A common share of the Company (each, a “Warrant Share”) at a price of US$3.75 per Warrant Share, subject to adjustment in certain events, until November 5, 2024. You can read further details here
Cardiol Therapeutics Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.0200 on 01/14/22, with the lowest value was $1.5500 for the same time period, recorded on 01/10/22.
Cardiol Therapeutics Inc. (CRDL) full year performance was -36.53%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Cardiol Therapeutics Inc. shares are logging -61.69% during the 52-week period from high price, and 22.58% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.55 and $4.96.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 674159 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Cardiol Therapeutics Inc. (CRDL) recorded performance in the market was -7.03%, having the revenues showcasing -55.21% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 136.98M, as it employees total of 14 workers.
The Analysts eye on Cardiol Therapeutics Inc. (CRDL)
During the last month, 0 analysts gave the Cardiol Therapeutics Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.9777, with a change in the price was noted -1.18. In a similar fashion, Cardiol Therapeutics Inc. posted a movement of -37.46% for the period of last 100 days, recording 765,590 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CRDL is recording 0.01 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical rundown of Cardiol Therapeutics Inc. (CRDL)
Raw Stochastic average of Cardiol Therapeutics Inc. in the period of last 50 days is set at 35.00%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 76.36%. In the last 20 days, the company’s Stochastic %K was 49.70% and its Stochastic %D was recorded 38.97%.
Considering, the past performance of Cardiol Therapeutics Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -7.03%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -19.03%, alongside a downfall of -36.53% for the period of the last 12 months. The shares increased approximately by -0.58% in the 7-day charts and went up by -8.51% in the period of the last 30 days. Common stock shares were lifted by -55.21% during last recorded quarter.