Co-Diagnostics, Inc. and CoSara Diagnostics to Inaugurate New Oligo Facility
| CODX Stock | USD 0.73 0.03 3.95% |
Slightly above 61% of Co Diagnostics' investor base is looking to short. The analysis of overall sentiment of trading Co Diagnostics stock suggests that many investors are alarmed at this time. Co Diagnostics' investing sentiment can be driven by a variety of factors including economic data, Co Diagnostics' earnings reports, geopolitical events, and overall market trends.
CODX |
Co-Diagnostics, Inc. , a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced that the inauguration of CoSara Diagnostics Pvt. Ltd.s oligonucleotide synthesis facility will take place December 11, 2024, in Ranoli, India.
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Co Diagnostics Fundamental Analysis
We analyze Co Diagnostics' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Co Diagnostics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Co Diagnostics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Liabilities
Current Liabilities Comparative Analysis
Co Diagnostics is currently under evaluation in current liabilities category among its peers. Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Co Diagnostics Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Co Diagnostics stock to make a market-neutral strategy. Peer analysis of Co Diagnostics could also be used in its relative valuation, which is a method of valuing Co Diagnostics by comparing valuation metrics with similar companies.
Peers
Co Diagnostics Related Equities
| HSCS | Heart Test | 11.99 | ||||
| VVOS | Vivos Therapeutics | 6.87 | ||||
| MOVE | Movano | 6.20 | ||||
| CLPT | Clearpoint Neuro | 6.07 | ||||
| TIVC | Tivic Health | 5.00 | ||||
| SENS | Senseonics Holdings | 4.55 | ||||
| BMRA | Biomerica | 3.70 | ||||
| NPCE | Neuropace | 3.50 | ||||
| CVRX | CVRx | 3.33 | ||||
| INGN | Inogen | 2.05 | ||||
| BBLG | Bone Biologics | 1.94 | ||||
| NURO | NeuroMetrix | 1.56 | ||||
| SRDX | SurModics | 0.40 | ||||
| RSLS | ReShape Lifesciences | 0.90 | ||||
| BJDX | Bluejay Diagnostics | 1.54 | ||||
| NVNO | EnVVeno Medical | 1.58 | ||||
| IINN | Inspira Technologies | 4.30 | ||||
| NAOV | NanoVibronix | 4.92 | ||||
| RPID | Rapid Micro | 10.00 |
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