Caredx Inc Cmn (NASDAQ:CDNA) shares traded 13.79% up during most recent session to reach at the closing price of $1.32. The stock exchanged hands 4.75 Million shares versus average trading capacity of 316.53 Million shares, yielding a market cap of $28.22 Million. Wall Street analysts covering the stock are projecting that the stock will reach $3.5 within the next 52-weeks. The mean target projections are based on 2 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Caredx Inc Cmn (NASDAQ:CDNA) high price target of $4 and with a conservative view have low price target of $3.
Janney Capital “Initiates Coverage on” Caredx Inc Cmn (NASDAQ:CDNA) in a research note issued to investors on 2/10/16 to Buy.
Additionally on 9/29/15 Raymond James “Downgrades” Caredx Inc Cmn (NASDAQ:CDNA) to Market Perform and on 9/28/15 Raymond James “Downgrades” the stock to Market Perform. Furthermore on 9/25/15 Craig-Hallum “Initiates Coverage on” the stock to Buy at $13.
On the other hand the company has Relative Strength Index (RSI 14) of 57.32 along with Average True Range (ATR 14) of 0.16, Consequently Caredx Inc Cmn (NASDAQ:CDNA)’s weekly and monthly volatility is 17.81%, 13.93% respectively. The company’s beta value is at 0.
In terms of Buy, Sell or Hold recommendations, Caredx Inc Cmn (NASDAQ:CDNA) has analysts’ mean recommendation of 2.3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Caredx Inc Cmn (NASDAQ:CDNA)’s minimum EPS for the current quarter is at $-0.2 and can go high up to $-0.18. The consensus mean EPS for the current quarter is at $-0.19 derived from a total of 3 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.29 earnings per share for the same quarter during last year.
Previously Caredx Inc Cmn (NASDAQ:CDNA) reported $-0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.22 by $-0.1. The company posted an earnings surprise of -45.5%.
Caredx Inc Cmn (NASDAQ:CDNA)’s revenue estimates for the current quarter are $11.8 Million according to 3 number of analysts, for the current quarter the company has high revenue estimates of $12.08 Million in contradiction of low revenue estimates of $11.65 Million. For the current year the company’s revenue estimates are $47.25 Million compared to low analyst estimates of $46.65 Million and high estimates of $48.41 Million according to 3 number of analysts.
Currently Caredx Inc Cmn (NASDAQ:CDNA)’s shares owned by insiders are 15.9%, whereas shares owned by institutional owners are 51%. However the six-month change in the insider ownership was recorded 6.88%, as well as three-month change in the institutional ownership was recorded -12.84%.
Caredx Inc Cmn (NASDAQ:CDNA) 52-week high price stands at $5.06 and low price stands at $0.76, its price distance from 52-week high is -73.9% while its distance from 52-week low price is 73.68%. The stock hit its 52-week high on 08/09/16, and 52-week low on 05/01/17.
Caredx Inc Cmn (NASDAQ:CDNA)’s trailing twelve month revenues are $45.7 Million, whereas its price to sales ratio for the same period is 0.62. Its book value per share for the most recent quarter is $0.69 while its price to book ratio for the same period is 1.91, as for as the company’s cash per share for the most recent quarter is $0.57, however its price to cash per share ratio for the same period is 2.31. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.