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 -72.88% away from its 52-week high, while its distance from the 52-week low is 165.53%. The stock’s price range over this period has fluctuated between $0.19 and $1.86. The company, operating within the financial sector, had a trading volume of approximately 2.51 million for the day, which was noticeably lower than the average daily share volume of 6.45 million over the last 3 months.
Cardio Diagnostics Holdings Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $1.86 on 02/26/24 and the lowest value was $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 89.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 26.31M 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 0.4986, with a change in price of +0.2545. Similarly, Cardio Diagnostics Holdings Inc recorded 5,583,036 in trading volume during the last 100 days, posting a change of +101.80%.
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’s raw stochastic average for Cardio Diagnostics Holdings Inc over the last 50 days is 7.44%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 36.04%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 40.17% and 54.39%, respectively.
CDIO Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price loss of -44.98% this year. Over the last six months, there has been a weaker performance of 12.14%. The price of CDIO leaped by -19.52% during the last 30 days period. For the last 5-days stocks have slided -25.51%.
