Cardio Diagnostics Holdings Stock Price on June 21, 2024
| CDIO Stock | USD 1.52 0.44 40.74% |
If you're considering investing in Cardio Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cardio Diagnostics stands at 1.52, as last reported on the 12th of December 2024, with the highest price reaching 1.64 and the lowest price hitting 1.10 during the day. Cardio Diagnostics is extremely dangerous given 3 months investment horizon. Cardio Diagnostics secures Sharpe Ratio (or Efficiency) of 0.24, which signifies that the company had a 0.24% return per unit of risk over the last 3 months. We were able to collect and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 3.46% are justified by taking the suggested risk. Use Cardio Diagnostics Mean Deviation of 9.47, risk adjusted performance of 0.1803, and Downside Deviation of 7.99 to evaluate company specific risk that cannot be diversified away.
At this time, Cardio Diagnostics' Other Stockholder Equity is very stable compared to the past year. As of the 12th of December 2024, Stock Based Compensation is likely to grow to about 1.3 M, while Total Stockholder Equity is likely to drop about 2.3 M. . As of the 12th of December 2024, Price Earnings To Growth Ratio is likely to grow to 0.07, while Price To Sales Ratio is likely to drop 1,758. Cardio Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cardio |
Sharpe Ratio = 0.2424
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| Good Returns | CDIO | |||
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Estimated Market Risk
| 14.28 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.46 actual daily | 69 69% of assets have lower returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average Cardio Diagnostics is performing at about 19% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cardio Diagnostics by adding it to a well-diversified portfolio.
Price Book 11.8483 | Enterprise Value Ebitda (22.48) | Price Sales 1.1 K | Shares Float 20.8 M | Wall Street Target Price 2 |
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Cardio Diagnostics Valuation on June 21, 2024
It is possible to determine the worth of Cardio Diagnostics on a given historical date. On June 21, 2024 Cardio was worth 0.5 at the beginning of the trading date compared to the closed value of 0.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cardio Diagnostics stock. Still, in general, we apply an absolute valuation method to find Cardio Diagnostics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cardio Diagnostics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cardio Diagnostics' related companies.
| Open | High | Low | Close | Volume | |
| 0.52 | 0.55 | 0.49 | 0.50 | 207,529 | |
06/21/2024 | 0.50 | 0.65 | 0.50 | 0.60 | 826,308 |
| 0.55 | 0.64 | 0.55 | 0.60 | 268,905 |
| Backtest Cardio Diagnostics | | | Cardio Diagnostics History | | | Cardio Diagnostics Valuation | Previous | Next |
Cardio Diagnostics Trading Date Momentum on June 21, 2024
| On June 24 2024 Cardio Diagnostics Holdings was traded for 0.60 at the closing time. The top price for the day was 0.64 and the lowest listed price was 0.55 . The trading volume for the day was 268.9 K. The trading history from June 24, 2024 did not affect price variability. The overall trading delta against the current closing price is 6.67% . |
Cardio Diagnostics Fundamentals Correlations and Trends
By evaluating Cardio Diagnostics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cardio Diagnostics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cardio financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cardio Diagnostics Stock history
Cardio Diagnostics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cardio is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cardio Diagnostics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cardio Diagnostics stock prices may prove useful in developing a viable investing in Cardio Diagnostics
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 12.7 M | 7.3 M | |
| Net Loss | -558.4 K | -586.3 K |
Cardio Diagnostics Quarterly Net Working Capital |
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Cardio Diagnostics Stock Technical Analysis
Cardio Diagnostics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Cardio Diagnostics Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
Cardio Diagnostics Holdings cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cardio Diagnostics December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Cardio Diagnostics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cardio Diagnostics shares will generate the highest return on investment. By undertsting and applying Cardio Diagnostics stock market strength indicators, traders can identify Cardio Diagnostics Holdings entry and exit signals to maximize returns
Cardio Diagnostics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cardio Diagnostics' price direction in advance. Along with the technical and fundamental analysis of Cardio Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cardio to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1803 | |||
| Jensen Alpha | 3.15 | |||
| Total Risk Alpha | 1.08 | |||
| Sortino Ratio | 0.3983 | |||
| Treynor Ratio | 2.64 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardio Diagnostics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cardio Diagnostics. If investors know Cardio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cardio Diagnostics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.30) | Revenue Per Share 0.002 | Quarterly Revenue Growth 3.562 | Return On Assets (0.98) | Return On Equity (2.93) |
The market value of Cardio Diagnostics is measured differently than its book value, which is the value of Cardio that is recorded on the company's balance sheet. Investors also form their own opinion of Cardio Diagnostics' value that differs from its market value or its book value, called intrinsic value, which is Cardio Diagnostics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cardio Diagnostics' market value can be influenced by many factors that don't directly affect Cardio Diagnostics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cardio Diagnostics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cardio Diagnostics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cardio Diagnostics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.