Understanding CDIO’s financial ratios: A beginner’s guide

Cardio Diagnostics Holdings Inc (CDIO)’s stock is trading at $0.60 at the moment marking a rise of 8.87% from the last session close. As of this writing, shares are priced at -83.18% less than their 52-week high of $3.56, and 215.15% over their 52-week low of $0.19. Based on the past 30-day period, the stock price is -17.59% below the high and +165.21% above the low.

The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, CDIO’s SMA-200 is $0.6192.

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Further, it is important to consider CDIO stock ratios, particularly its price-to-sales ratio over the past twelve months, which stands at 716.89.CDIO’s price to book ratio for the most recent quarter was 4.93, resulting in an 14.48 price to cash per share for the period.

How does Cardio Diagnostics Holdings Inc (CDIO) stock rate among analysts? Buy, sell, or hold?

The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 2 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.50 in simple terms.

An overview of Cardio Diagnostics Holdings Inc’s technicals

In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Cardio Diagnostics Holdings Inc (CDIO) traded 7,529,419 shares per day, with a moving average of $0.3272 and price change of +0.1778. With the moving average of $0.2796 and a price change of +0.3518, about 5,588,377 shares changed hands on average over the past 50 days. Finally, CDIO’s 100-day average volume is 3,211,563 shares, alongside a moving average of $0.3291 and a price change of +0.0411.

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