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H.C. Wainwright Reiterates a Buy Rating on Co-Diagnostics (CODX)

H.C. Wainwright analyst Yi Chen reiterated a Buy rating on Co-Diagnostics (CODXResearch Report) today and set a price target of $12.00. The company’s shares closed last Thursday at $4.97, close to its 52-week low of $3.66.

According to TipRanks.com, Chen is ranked 0 out of 5 stars with an average return of -11.0% and a 31.9% success rate. Chen covers the Healthcare sector, focusing on stocks such as Ortho Clinical Diagnostics Holdings, Interpace Diagnostics Group, and HTG Molecular Diagnostics.

Co-Diagnostics has an analyst consensus of Moderate Buy, with a price target consensus of $12.00.

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The company has a one-year high of $11.82 and a one-year low of $3.66. Currently, Co-Diagnostics has an average volume of 346K.

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Co-Diagnostics, Inc. is a molecular diagnostics company, which engages in the development, manufacture, and marketing of diagnostics technology. The company’s products are utilized for tests that are designed using the detection and analysis of nucleic acid molecules. It also uses its proprietary technology to design tests to locate genetic markers for use in industries other than infectious disease and license the use of those tests to specific customers. The company was founded by Brent C. Satterfield and Dwight Howard Egan on April 18, 2013 and is headquartered in Salt Lake City, UT.

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