Caredx Inc (CDNA) Stock: Uncovering 52-Week Market Trends

A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Caredx Inc’s current trading price is -9.45% away from its 52-week high, while its distance from the 52-week low is 221.25%. The stock’s price range for this time frame has been between $4.80 and $17.03. The trading volume of the company’s shares in the Healthcare reached around 0.67 million for the day, which was evidently lower than the average daily volume of 0.81 million over the last three months.

Caredx Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $17.03 on 05/24/24, and the lowest price during that time was $4.80, recorded on 10/27/23.

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How Financial Performance Impacts Market Capitalization

Caredx Inc (CDNA) has experienced a quarterly rise of 29.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 803.07M and boasts a workforce of 643 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 10.50, with a change in price of +4.41. Similarly, Caredx Inc recorded 908,671 in trading volume during the last 100 days, posting a change of +40.05%.

How CDNA’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CDNA stands at 0.13. Similarly, the long-term debt-to-equity ratio is also 0.10.

CDNA Stock Stochastic Average

The raw stochastic average for Caredx Inc over the last 50 days is presently at 83.25%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 77.13%. Further, the company’s Stochastic %K and %D values for the last 20 days were 65.22% and 57.23%, respectively.

CDNA Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The metric has seen a significant gain of 28.50% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 59.30%. Over the past 30 days, the price of CDNA has fallen by 47.14%. And in the last five days, it has surged by 14.05%.

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