Now Is A Suitable Moment For A Long-Term Purchase Of Caredx Inc (NASDAQ: CDNA)

Currently, there are 53.53M common shares owned by the public and among those 51.64M shares have been available to trade.

Insiders at the company have transacted a total of 49 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 563,365 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 91,680 shares.

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The company’s stock has a 5-day price change of -7.40% and -10.07% over the past three months. CDNA shares are trading -32.25% year to date (YTD), with the 12-month market performance down to -48.18% lower. It has a 12-month low price of $4.80 and touched a high of $17.89 over the same period. CDNA has an average intraday trading volume of 1.11 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -10.64%, -20.52%, and -7.58% respectively.

Institutional ownership of Caredx Inc (NASDAQ: CDNA) shares accounts for 95.07% of the company’s 53.53M shares outstanding.

It has a market capitalization of $439.83M and a beta (3y monthly) value of 1.37. The earnings-per-share (ttm) stands at -$1.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.56% over the week and 8.29% over the month.

Analysts forecast that Caredx Inc (CDNA) will achieve an EPS of $Carvana Co. for the current quarter, $52.48 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Ginkgo Bioworks Holdings, Inc. while analysts give the company a high EPS estimate of $Cadence Design Systems, Inc. Comparatively, EPS for the current quarter was $CareDx, Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -27.08%, and 20.13% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to 9.60% over the past 5-year period.

Looking at the support for the CDNA, a number of firms have released research notes about the stock. Stephens stated their Overweight rating for the stock in a research note on November 09, 2023, with the firm’s price target at $10.

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