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Cardio Diagnostics Holdings Inc (CDIO) Stock: A Year of Market Movement, Down and Up

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 -74.50% away from its 52-week high, while its distance from the 52-week low is 502.34%. The stock’s price range over this period has fluctuated between $0.17 and $4.04. The company, operating within the financial sector, had a trading volume of approximately 1.36 million for the day, which was noticeably higher than the average daily share volume of 1.12 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 $4.04 on 04/03/23, while the lowest value for the same period was recorded at $0.17 on 10/26/23.

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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Cardio Diagnostics Holdings Inc (CDIO) has experienced a quarterly decline of -58.63% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 21.16M and boasts a workforce of 9 employees.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.8330, with a change in price of +0.3500. Similarly, Cardio Diagnostics Holdings Inc recorded 6,328,896 in trading volume during the last 100 days, posting a change of +51.47%.

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 0.43. Similarly, the long-term debt-to-equity ratio is also 0.22.

CDIO Stock Stochastic Average

Today, Cardio Diagnostics Holdings Inc’s raw stochastic average for the past 50 days stands at 8.61%, indicating a decline from the raw stochastic average of the last 20 days, which was 15.76%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 27.82% and 31.67% 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 -58.63% this year. Over the last six months, there has been a weaker performance of 202.94%. The price of CDIO leaped by -41.48% during the last 30 days period. For the last 5-days stocks have slided -21.97%.

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