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Co-Diagnostics Inc (CODX)
NASDAQ:CODX
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CODX Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$0.98 - $2.23
Previous Close$1.27
Volume25.69K
Average Volume (3M)253.38K
Market Cap
$40.85M
Enterprise Value-$1.77M
Total Cash (Recent Filing)$44.88M
Total Debt (Recent Filing)$2.58M
Price to Earnings (P/E)―
Beta1.36
Next Earnings
Nov 07, 2024EPS Estimate
-$0.33Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.24
Shares Outstanding31,911,002
10 Day Avg. Volume115,562
30 Day Avg. Volume253,375
Standard Deviation0.56
R-Squared0.00635
Alpha0.09
Financial Highlights & Ratios
Price to Book (P/B)0.56
Price to Sales (P/S)4.58
Price to Cash Flow (P/CF)-2.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue-0.19
Enterprise Value/Gross Profit-0.67
Enterprise Value/Ebitda0.05
Forecast
1Y Price Target
$1.50Price Target Upside17.19% Upside
Rating ConsensusHold
Number of Analyst Covering1
Co-Diagnostics News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceTotal revenue was $2.7M, beating our projection of $0.4M due to $2.5M of grant revenue based on achievement of certain milestones.
Product DevelopmentThe company submitted its first 510(k) application for the Co-Dx PCR Pro instrument and the Co-Dx PCR COVID-19 test for over-the-counter use.
Technological InnovationThe Co-Dx PCR Pro instrument and assay allow the detection of a potential viral infection with high accuracy and affordable pricing, with results displayed on the user’s smartphone or mobile device in approximately 30 minutes.
Bears Say
Analyst RatingAnalyst reiterates Neutral rating and $2 price target.
EarningsNet loss was $7.6M, or ($0.25) per share, lower than our estimated loss of $10.6M.
RisksRisks include lower-than-projected uptake of products, inability to maintain regulatory compliance, inability to develop additional products targeting infectious diseases, and potential dilution risk.
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Ownership Overview
16.16% Insiders
9.69% Mutual Funds
7.07% Other Institutional Investors
67.08% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Tech & InnovationRisks related to the company’s reliance on technology and ability to make innovative products
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CODX FAQ
What was Co-Diagnostics Inc’s price range in the past 12 months?
Co-Diagnostics Inc lowest stock price was $0.98 and its highest was $2.23 in the past 12 months.
What is Co-Diagnostics Inc’s market cap?
Currently, no data Available
When is Co-Diagnostics Inc’s upcoming earnings report date?
Co-Diagnostics Inc’s upcoming earnings report date is Nov 07, 2024 which is in 48 days.
How were Co-Diagnostics Inc’s earnings last quarter?
Co-Diagnostics Inc released its earnings results on Aug 08, 2024. The company reported -$0.25 earnings per share for the quarter, beating the consensus estimate of -$0.34 by $0.09.
Is Co-Diagnostics Inc overvalued?
According to Wall Street analysts Co-Diagnostics Inc’s price is currently Undervalued.
Does Co-Diagnostics Inc pay dividends?
Co-Diagnostics Inc does not currently pay dividends.
What is Co-Diagnostics Inc’s EPS estimate?
Co-Diagnostics Inc’s EPS estimate is -$0.33.
How many shares outstanding does Co-Diagnostics Inc have?
Co-Diagnostics Inc has 31,911,001 shares outstanding.
What happened to Co-Diagnostics Inc’s price movement after its last earnings report?
Co-Diagnostics Inc reported an EPS of -$0.25 in its last earnings report, beating expectations of -$0.34. Following the earnings report the stock price went up 9.804%.
Which hedge fund is a major shareholder of Co-Diagnostics Inc?
Among the largest hedge funds holding Co-Diagnostics Inc’s share is Hussman Strategic Advisors Inc. It holds Co-Diagnostics Inc’s shares valued at N/A.
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Co-Diagnostics Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$1.50 (17.19% Upside)
$1.50 (17.19% Upside)
Hedge Fund Trend
Decreased
By 36.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 11.6%
Last 30 Days ▲ 11.6%
Technicals
SMA
Positive
20 days / 200 days
Momentum
22.11%
12-Months-Change
Fundamentals
Return on Equity
-42.73%
Trailing 12-Months
Asset Growth
-28.46%
Trailing 12-Months
Company Description
Co-Diagnostics Inc
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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CODX Earnings Call
Q2 2024
0:00 / 0:00
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CODX Stock 12 Month Forecast
Average Price Target
$1.50
▲(17.19% Upside)
Technical Analysis
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