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Maxim Group Sticks to Its Hold Rating for Co-Diagnostics (CODX)

In a report released yesterday, Jason McCarthy from Maxim Group maintained a Hold rating on Co-Diagnostics (CODXResearch Report). The company’s shares closed yesterday at $4.48.

According to TipRanks, McCarthy is an analyst with an average return of -37.6% and a 16.55% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as SELLAS Life Sciences Group, Atossa Therapeutics, and Capricor Therapeutics.

Currently, the analyst consensus on Co-Diagnostics is a Moderate Buy with an average price target of $8.50, an 89.73% upside from current levels. In a report released yesterday, Sidoti also downgraded the stock to a Hold with a $5.00 price target.

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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 615.5K.

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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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