Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Cardio Diagnostics Holdings Inc’s current trading price is -73.22% away from its 52-week high, while its distance from the 52-week low is 759.65%. The stock’s price range over this period has fluctuated between $0.17 and $5.49. The company, operating within the financial sector, had a trading volume of approximately 0.9 million for the day, which was noticeably lower than the average daily share volume of 1.29 million over the last 3 months.
Cardio Diagnostics Holdings Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $5.49 on 03/23/23, while the lowest value for the same period was recorded at $0.17 on 10/26/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Cardio Diagnostics Holdings Inc (CDIO) has experienced a quarterly decline of -37.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 30.16M and boasts a workforce of 8 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.7653, with a change in price of +1.2493. Similarly, Cardio Diagnostics Holdings Inc recorded 9,266,132 in trading volume during the last 100 days, posting a change of +566.06%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CDIO stands at 0.82. Similarly, the long-term debt-to-equity ratio is also 0.00.
CDIO Stock Stochastic Average
Today, Cardio Diagnostics Holdings Inc’s raw stochastic average for the past 50 days stands at 13.64%, indicating a decline from the raw stochastic average of the last 20 days, which was 40.91%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 19.19% and 13.47% respectively.
CDIO Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price loss of -40.96% this year. Over the last six months, there has been a weaker performance of 285.83%. The price of CDIO leaped by -6.96% during the last 30 days period. For the last 5-days stocks have improved 12.21%.
