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 -71.65% away from its 52-week high, while its distance from the 52-week low is 193.89%. The stock’s price range over this period has fluctuated between $0.19 and $1.97. The company, operating within the financial sector, had a trading volume of approximately 8.3 million for the day, which was noticeably higher than the average daily share volume of 6.36 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 $1.97 on 02/12/24, while the lowest value for the same period was recorded at $0.19 on 10/11/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Cardio Diagnostics Holdings Inc (CDIO) has experienced a quarterly rise of 96.97% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 22.58M 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 0.4717, with a change in price of +0.2598. Similarly, Cardio Diagnostics Holdings Inc recorded 5,447,763 in trading volume during the last 100 days, posting a change of +87.01%.
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 0.20. Similarly, the long-term debt-to-equity ratio is also 0.13.
CDIO Stock Stochastic Average
Today, Cardio Diagnostics Holdings Inc’s raw stochastic average for the past 50 days stands at 19.50%, indicating a decline from the raw stochastic average of the last 20 days, which was 43.57%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 19.78% and 11.81% 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 -39.11% this year. Over the last six months, there has been a weaker performance of 30.93%. The price of CDIO leaped by -35.35% during the last 30 days period. For the last 5-days stocks have improved 27.14%.
