Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) price closed lower on Monday, April 28, and dropping -6.88% below its previous close.
A look at the daily price movement shows that the last close reads $0.48, with intraday deals fluctuated between $0.4019 and $0.5. The company’s 5Y monthly beta was ticking 3.679. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.77 and 52-week low of $0.19. The stock added 9.08% on its value in the past month.
Cardio Diagnostics Holdings Inc, which has a market valuation of $23.50 million, is expected to release its quarterly earnings report on 2025-Mar-19.
On average, analysts have forecast the company’s revenue for the quarter will hit 50k, with the likely lows of 50k and highs of 50k. The average estimate suggests sales growth for the quarter will likely rise by 213.87% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 525k for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 1,404.73% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give CDIO a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that CDIO’s price is at present 17.68% off the SMA20 and 4.92% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.75, with weekly volatility standing at 19.56%. The indicator jumps to 17.13% when calculated based on the past 30 days. Cardio Diagnostics Holdings Inc (NASDAQ:CDIO)’s beta value is holding at 3.58, while the average true range (ATR) indicator is currently reading 0.06.
An analysis of the Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) stock in terms of its daily trading volume indicates that the 3-month average is 1.34 million. However, this figure increases on the past 10-day timeline to an average of 0.84 million.
Current records show that the company has 52.15M in outstanding shares. The insiders’ percentage holdings are 7.55% of outstanding shares while the percentage share held by institutions stands at 4.90%. The stats also highlight that short interest as of 2025-04-15, stood at 1.85 million shares, which puts the short ratio at the time at 2.37. From this we can glean that short interest is 381.00 of company’s current outstanding shares. Notably, we see that shares short in April rose slightly given the previous month’s figure stood at 1.25 million. But the -50.85% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
