The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Until today this year the stock’s price performance recorded a decrease of -69.20%. However, over the last six months, the performance has been weaker by 144.44%. The price of CDIO decreased -36.63% over the last 30 days. And in the last five days, it has surged by 11.13%.
Cardio Diagnostics Holdings Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $3.56 on 01/02/24, while the lowest price for the same duration was marked at $0.17 on 10/26/23.
52-week price history of CDIO Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Cardio Diagnostics Holdings Inc’s current trading price is -78.46% away from its 52-week high, while its distance from the 52-week low is 348.42%. The stock’s price range during this period has varied between$0.17 and $3.56. The Cardio Diagnostics Holdings Inc’s shares, which operate in the Healthcare, saw a trading volume of around 0.61 million for the day, a figure considerably higher than their average daily volume of 0.47 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Cardio Diagnostics Holdings Inc (CDIO) has experienced a quarterly decline of -64.33% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 16.56M and boasts a workforce of 9 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.6860, with a change in price of -0.5932. Similarly, Cardio Diagnostics Holdings Inc recorded 1,098,610 in trading volume during the last 100 days, posting a change of -43.62%.
CDIO’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of 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
Cardio Diagnostics Holdings Inc’s raw stochastic average for the past 50 days is presently 11.75%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 25.63%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 16.00% and 11.76%, respectively.
