Caredx Inc Stock Price on November 11, 2024

CDNA Stock  USD 20.93  0.32  1.55%   
Below is the normalized historical share price chart for Caredx Inc extending back to July 17, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Caredx stands at 20.93, as last reported on the 25th of December, with the highest price reaching 21.41 and the lowest price hitting 20.28 during the day.
IPO Date
17th of July 2014
200 Day MA
19.687
50 Day MA
23.6517
Beta
1.801
 
Yuan Drop
 
Covid
If you're considering investing in Caredx Stock, it is important to understand the factors that can impact its price. Caredx Inc secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Caredx Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Caredx's Risk Adjusted Performance of (0.09), standard deviation of 3.8, and Mean Deviation of 2.64 to double-check the risk estimate we provide.
  
At present, Caredx's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock Total Equity is expected to grow to about 62.8 K, whereas Common Stock Shares Outstanding is forecasted to decline to about 32.9 M. . At present, Caredx's Price To Sales Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 2.59, whereas Price Earnings Ratio is forecasted to decline to (3.56). Caredx Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.129

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Estimated Market Risk

 3.77
  actual daily
33
67% of assets are more volatile

Expected Return

 -0.49
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.13
  actual daily
0
Most of other assets perform better
Based on monthly moving average Caredx is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Caredx by adding Caredx to a well-diversified portfolio.
Price Book
4.1082
Enterprise Value Ebitda
(2.82)
Price Sales
3.589
Shares Float
52.3 M
Wall Street Target Price
34.6667

Related Headline

Twist Bioscience Headline on 11th of November 2024

Filed transaction by Twist Bioscience Corp Director, Officer: Chief Executive Officer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)

Caredx Valuation on November 11, 2024

It is possible to determine the worth of Caredx on a given historical date. On November 11, 2024 Caredx was worth 23.71 at the beginning of the trading date compared to the closed value of 23.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Caredx stock. Still, in general, we apply an absolute valuation method to find Caredx's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Caredx where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Caredx's related companies.
 Open High Low Close Volume
  23.84    24.12    23.50    23.65    733,570  
11/11/2024
  23.71    24.90    23.21    23.34    943,339  
  23.44    23.96    22.89    23.32    679,940  
Backtest Caredx  |  Caredx History  |  Caredx Valuation   PreviousNext  
Open Value
23.71
23.34
Closing Value
35.02
Upside

Caredx Trading Date Momentum on November 11, 2024

On November 12 2024 Caredx Inc was traded for  23.32  at the closing time. The top price for the day was 23.96  and the lowest listed price was  22.89 . The trading volume for the day was 679.9 K. The trading history from November 12, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.09% . The overall trading delta against the current closing price is 3.51% .

Caredx Inc Fundamentals Correlations and Trends

By evaluating Caredx's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Caredx's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Caredx financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Caredx Stock history

Caredx investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Caredx is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Caredx Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Caredx stock prices may prove useful in developing a viable investing in Caredx
Last ReportedProjected for Next Year
Common Stock Shares Outstanding53.8 M32.9 M
Net Loss-69 M-65.5 M

Caredx Quarterly Net Working Capital

252.65 Million

Caredx Stock Technical Analysis

Caredx technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Caredx technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Caredx trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Caredx Period Price Range

Low
December 25, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Caredx Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Caredx December 25, 2024 Market Strength

Market strength indicators help investors to evaluate how Caredx stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Caredx shares will generate the highest return on investment. By undertsting and applying Caredx stock market strength indicators, traders can identify Caredx Inc entry and exit signals to maximize returns

Caredx Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Caredx's price direction in advance. Along with the technical and fundamental analysis of Caredx Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Caredx to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Caredx Stock analysis

When running Caredx's price analysis, check to measure Caredx's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Caredx is operating at the current time. Most of Caredx's value examination focuses on studying past and present price action to predict the probability of Caredx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Caredx's price. Additionally, you may evaluate how the addition of Caredx to your portfolios can decrease your overall portfolio volatility.
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