A share price of Caredx Inc [CDNA] is currently trading at $18.57, up 15.06%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CDNA shares have gain 27.02% over the last week, with a monthly amount glided 27.10%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Caredx Inc [NASDAQ: CDNA] stock has seen the most recent analyst activity on May 13, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Craig Hallum upgraded its rating to Buy on May 01, 2024, and kept the price target unchanged to $15. On November 09, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $10 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $12 on August 15, 2023. BTIG Research downgraded its rating to a Neutral. Stephens downgraded its rating to Equal-Weight for this stock on March 07, 2023, and downed its price target to $9. In a note dated March 03, 2023, Raymond James downgraded an Mkt Perform rating on this stock.
Caredx Inc experienced fluctuations in its stock price throughout the past year between $4.80 and $17.03. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Caredx Inc [NASDAQ: CDNA] shares were valued at $18.57 at the most recent close of the market. An investor can expect a potential return of 18.47% based on the average CDNA price forecast.
Analyzing the CDNA fundamentals
Trailing Twelve Months sales for Caredx Inc [NASDAQ:CDNA] were 275.11M which represents -6.75% decline. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at -0.36%, Pretax Profit Margin comes in at -0.67%, and Net Profit Margin reading is -0.67%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is -0.56 and Total Capital is -0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.02 points at the first support level, and at 15.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.48, and for the 2nd resistance point, it is at 20.38.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Caredx Inc [NASDAQ:CDNA] is 4.32. Further, the Quick Ratio stands at 4.03, while the Cash Ratio is 1.33. Considering the valuation of this stock, the price to sales ratio is 3.52, the price to book ratio is 3.75.
Transactions by insiders
Recent insider trading involved Seeto Reginald, that happened on Oct 02 ’23 when 2818.0 shares were sold., Seeto Reginald completed a deal on Sep 05 ’23 to sell 2819.0 shares. Meanwhile, Seeto Reginald sold 576.0 shares on Aug 14 ’23.
