After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Cardio Diagnostics Holdings, Inc. Announces the Grant of a Patent in India.
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Stocks Info
As a NASDAQ listed company, CDIO falls under the Healthcare sector while operating within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $2.56 and fluctuated between $2.8300 as its day high and $2.5200 as its day low. The current market capitalization of Cardio Diagnostics Holdings Inc is $52.53M. A total of 1.23 million shares were traded on the day, compared to an average of 14.64M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CDIO has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 6,631 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 0 SELLs from insiders. Insiders purchased 438,095 shares during that period but sold 0.
In the most recent transaction, Dogan Timur bought 16,481 shares of CDIO for 0.55 per share on Aug 31. After the transaction, the Chief Technology Officer now owns 128,345 company shares. In a previous transaction on Aug 31, Dogan Meeshanthini bought 16,481 shares at 0.55 per share. CDIO shares that Chief Executive Officer owns now total 128,345.
Among the insiders who bought shares, Philibert Robert acquired of 18,000 shares on Aug 28 at a per-share price of $0.60. This resulted in the Chief Medical Officer holding 1,649,792 shares of CDIO after the transaction. In another insider transaction, Dogan Meeshanthini bought 1,770 shares at $0.56 per share on Aug 25. Company shares held by the Chief Executive Officer now total 111,864.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CDIO has a high of $8.50 and a low of $0.17.
As of this writing, CDIO has an earnings estimate of -$0.27 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.14 per share and a lower estimate of -$0.4. The company reported an EPS of -$0.39 in the last quarter, which was -116.70% lower than expectations of -$0.18.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CDIO’s latest balance sheet shows that the firm has $512.77k in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $0.17, while its Total Shareholder’s Equity was $1.07M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CDIO is Buy with a score of 5.00.
