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Investors have a limited window left to buy Codiak BioSciences Inc. (CDAK)

Codiak BioSciences Inc. (CDAK) is priced at $0.82 after the most recent trading session. At the very opening of the session, the stock price was $0.91 and reached a high price of $0.92, prior to closing the session it reached the value of $0.93. The stock touched a low price of $0.801.Recently in News on September 12, 2022, Codiak Announces Pricing of $20 Million Public Offering of Common Stock and Warrants. Codiak BioSciences, Inc. (Nasdaq: CDAK) (“Codiak”), a clinical-stage biopharmaceutical company pioneering the development of exosome-based therapeutics as a new class of medicines, announced today the pricing of its underwritten public offering of 13,333,333 shares of its common stock and accompanying warrants to purchase 13,333,333 shares of common stock, at a combined public offering price of $1.50 per share, together with accompanying warrants, for gross proceeds of approximately $20 million, before deducting underwriting discounts and commissions and offering expenses. All of the securities are being offered by Codiak. The warrants have an exercise price of $1.875 per share, are exercisable immediately, and will expire five years following the date of issuance.  In addition, Codiak has granted the underwriters a 30-day option to purchase up to an additional 1,999,999 shares of its common stock and accompanying warrants to purchase 1,999,999 shares of common stock, at the public offering price, less underwriting discounts and commissions. The offering is expected to close on September 15, 2022, subject to customary closing conditions. You can read further details here

Codiak BioSciences 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 $13.4843 on 01/04/22, with the lowest value was $0.8010 for the same time period, recorded on 09/21/22.

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Codiak BioSciences Inc. (CDAK) full year performance was -95.67%

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, Codiak BioSciences Inc. shares are logging -95.83% during the 52-week period from high price, and -9.22% 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 $0.90 and $19.61.

The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 597298 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Codiak BioSciences Inc. (CDAK) recorded performance in the market was -92.67%, having the revenues showcasing -74.39% 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 18.69M, as it employees total of 102 workers.

Specialists analysis on Codiak BioSciences Inc. (CDAK)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.5696, with a change in the price was noted -2.39. In a similar fashion, Codiak BioSciences Inc. posted a movement of -74.55% for the period of last 100 days, recording 291,164 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 CDAK is recording 0.58 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.58.

Trends and Technical analysis: Codiak BioSciences Inc. (CDAK)

Raw Stochastic average of Codiak BioSciences Inc. in the period of last 50 days is set at 0.70%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 1.02%. In the last 20 days, the company’s Stochastic %K was 1.45% and its Stochastic %D was recorded 2.09%.

Now, considering the stocks previous presentation, 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 -92.67%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -87.25%, alongside a downfall of -95.67% for the period of the last 12 months. The shares increased approximately by -19.90% in the 7-day charts and went up by -63.20% in the period of the last 30 days. Common stock shares were lifted by -74.39% during last recorded quarter.

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