Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) price on Friday, April 11, rose 17.32% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.41.
A look at the stock’s price movement, the close in the last trading session was $0.35, moving within a range at $0.3359 and $0.4104. The beta value (5-Year monthly) was 3.679. Turning to its 52-week performance, $1.77 and $0.19 were the 52-week high and 52-week low respectively. Overall, CDIO moved 0.75% over the past month.
Cardio Diagnostics Holdings Inc’s market cap currently stands at around $21.12 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-19.
Analysts have a consensus estimate of 50k for the company’s revenue for the quarter, with a low and high estimate of 50k and 50k respectively. The average forecast suggests up to a 213.87% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 525k, representing a 1,404.73% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CDIO is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
CDIO’s current price about 4.50% and -9.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.45, while 7-day volatility ratio is 18.88% and 14.60% in the 30-day chart. Further, Cardio Diagnostics Holdings Inc (CDIO) has a beta value of 3.56, and an average true range (ATR) of 0.06.
If we refocus on Cardio Diagnostics Holdings Inc (NASDAQ:CDIO), historical trading data shows that trading volumes averaged 0.91 over the past 10 days and 2.23 million over the past 3 months. The company’s latest data on shares outstanding shows there are 52.15 million shares.
The 7.55% of Cardio Diagnostics Holdings Inc’s shares are in the hands of company insiders while institutional holders own 4.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.25 million on 2025-03-14, giving us a short ratio of 0.96. The data shows that as of 2025-03-14 short interest in Cardio Diagnostics Holdings Inc (CDIO) stood at 241.0 of shares outstanding, with shares short falling to 2.52 million registered in 2025-02-14. Current price change has pushed the stock -55.83% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CDIO stock continues to rise going into the next quarter.
