With 0.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.85 million shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $25.85 whereas the lowest price it dropped to was $24.545. The 52-week range on CDNA shows that it touched its highest point at $34.84 and its lowest point at $7.42 during that stretch. It currently has a 1-year price target of $33.71. Beta for the stock currently stands at 1.85.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CDNA was up-trending over the past week, with a rise of 11.35%, but this was up by 10.22% over a month. Three-month performance dropped to -19.41% while six-month performance rose 84.25%. The stock gained 155.23% in the past year, while it has gained 107.58% so far this year. A look at the trailing 12-month EPS for CDNA yields -2.70 with Next year EPS estimates of -0.53. For the next quarter, that number is -0.21. This implies an EPS growth rate of 80.23% for this year and 24.29% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -21.96%.
Float and Shares Shorts:
At present, 51.50 million CDNA shares are outstanding with a float of 50.16 million shares on hand for trading. On 2024-11-15, short shares totaled 3.07 million, which was 573.0 higher than short shares on 1728950400. In addition to Dr. Peter Maag Ph.D. as the firm’s Executive Director, Mr. John Walter Hanna Jr. serves as its President, CEO & Director.
Institutional Ownership:
Through their ownership of 0.95996004 of CDNA’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CDNA reported revenue of $82883000.0 and operating income of -$10492000.0. The EBITDA in the recently reported quarter was -$5603000.0 and diluted EPS was -$0.14.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CDNA since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CDNA analysts setting a high price target of 40.0 and a low target of 28.0, the average target price over the next 12 months is 34.66667. Based on these targets, CDNA could surge 60.58% to reach the target high and rise by 12.4% to reach the target low. Reaching the average price target will result in a growth of 39.17% from current levels.
Analysts have provided yearly estimates in a range of -$0.595 being high and -$0.77 being low. For CDNA, this leads to a yearly average estimate of -$0.7. The surprise factor in the prior quarter was -$0.14. Based on analyst estimates, the high estimate for the next quarter is $0.13 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.09.
