Co-Diagnostics Inc's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 124 out of 208 in the Healthcare Equipment & Supplies industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 30.00.In the medium term, the stock price is expected to trend up.Despite a very weak market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Co-Diagnostics Inc is 7.29, ranking 77 out of 208 in the Healthcare Equipment & Supplies industry. Its financial status is robust, and its operating efficiency is low. Its latest quarterly revenue reached 145.38K, representing a year-over-year decrease of 77.32%, while its net profit experienced a year-over-year decrease of 39.29%.
Key Metrics
The current valuation score of Co-Diagnostics Inc is 6.74, ranking 152 out of 208 in the Healthcare Equipment & Supplies industry. Its current P/E ratio is -0.06, which is 0.00% below the recent high of -0.06 and -11858.60% above the recent low of -7.16.
The current earnings forecast score of Co-Diagnostics Inc is 6.00, ranking 175 out of 208 in the Healthcare Equipment & Supplies industry. The average price target is 1.25, with a high of 1.50 and a low of 1.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Co-Diagnostics Inc is 6.73, ranking 74 out of 208 in the Healthcare Equipment & Supplies industry. Currently, the stock price is trading between the resistance level at 4.85 and the support level at 0.16, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Co-Diagnostics Inc is 3.00, ranking 135 out of 208 in the Healthcare Equipment & Supplies industry. The latest institutional shareholding proportion is 13.43%, representing a quarter-over-quarter increase of 4.41%. The largest institutional shareholder is The Vanguard, holding a total of 63.64K shares, representing 3.14% of shares outstanding, with 40.81% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Healthcare Equipment & Supplies domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Co-Diagnostics Inc is 1.04, ranking 200 out of 208 in the Healthcare Equipment & Supplies industry. The company's beta value is 1.29. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets. Co-Diagnostics Inc’s latest ESG disclosure leads the Healthcare Equipment & Supplies industry, indicating outstanding, compliant performance across environmental management, social responsibility, and governance, which may help mitigate overall risk.
