Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Co-Diagnostics Inc’s current trading price is -58.01% away from its 52-week high, while its distance from the 52-week low is 0.89%. The stock’s price range during this period has varied between $0.93 and $2.23. The company, active in the Healthcare sector, saw a trading volume of around 0.27 million for the day, considerably higher average daily volume of 0.13 million observed over the last three months.
Co-Diagnostics Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $2.23 on 08/23/24, and the lowest price during that time was $0.93, recorded on 11/27/24.
How Financial Performance Impacts Market Capitalization
Co-Diagnostics Inc (CODX) has experienced a quarterly decline of -34.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 29.89M and boasts a workforce of 155 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 1.2416, with a change in price of -0.2937. Similarly, Co-Diagnostics Inc recorded 199,654 in trading volume during the last 100 days, posting a change of -23.88%.
How CODX’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 CODX stands at 0.04. Similarly, the long-term debt-to-equity ratio is also 0.02.
CODX Stock Stochastic Average
As of today, the raw stochastic average of Co-Diagnostics Inc over the past 50 days is 10.83%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 15.64%. Additionally, the Stochastic %K and %D values for the company were 5.44% and 4.85%, respectively, over the past 20 days.
CODX Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -29.60%. However, over the past six months, we’ve seen a stronger performance of -10.83%. The price of CODX leaped by -22.62% over the last 30 days. And in the last five days, it has fallen by -9.97%.
