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 an increase of 2.99%. However, over the last six months, the performance has been weaker by 36.62%. The price of CDNA decreased -8.81% over the last 30 days. And in the last five days, it has fallen by -5.53%.
Caredx Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $34.84 on 08/19/24, while the lowest price for the same duration was marked at $7.42 on 04/26/24.
52-week price history of CDNA Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Caredx Inc’s current trading price is -36.71% away from its 52-week high, while its distance from the 52-week low is 197.17%. The stock’s price range during this period has varied between$7.42 and $34.84. The Caredx Inc’s shares, which operate in the Healthcare, saw a trading volume of around 1.34 million for the day, a figure considerably higher than their average daily volume of 0.81 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Caredx Inc (CDNA) has experienced a quarterly decline of -27.99% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.18B and boasts a workforce of 643 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 25.71, with a change in price of -10.40. Similarly, Caredx Inc recorded 810,731 in trading volume during the last 100 days, posting a change of -32.05%.
CDNA’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 CDNA stands at 0.11. Similarly, the long-term debt-to-equity ratio is also 0.09.
CDNA Stock Stochastic Average
Caredx Inc’s raw stochastic average for the past 50 days is presently 31.21%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 33.45%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 66.99% and 73.47%, respectively.
