The price of Cardio Diagnostics Holdings Inc (NASDAQ:CDIO) shares last traded on Wall Street rose 18.51% to $0.43.
CDIO stock price is now 61.00% away from the 50-day moving average and -45.94% away from the 200-day moving average. The market capitalization of the company currently stands at $11.01M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
In other news, Philibert Robert, Chief Medical Officer bought 34,075 shares of the company’s stock on Sep 06 ’24. The stock was bought for $9,763 at an average price of $0.29. Upon completion of the transaction, the Chief Medical Officer now directly owns 1,683,867 shares in the company, valued at $0.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06 ’24, Chief Technology Officer Dogan Meeshanthini bought 68,965 shares of the business’s stock. A total of $20,000 was incurred on buying the stock at an average price of $0.29. This leaves the insider owning 197,310 shares of the company worth $84843.3. A total of 15.21% of the company’s stock is owned by insiders.
During the past 12 months, Cardio Diagnostics Holdings Inc has had a low of $0.19 and a high of $3.56. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 5.69, and a quick ratio of 5.69. The fifty day moving average price for CDIO is $0.26318 and a two-hundred day moving average price translates $0.795005 for the stock.
The latest earnings results from Cardio Diagnostics Holdings Inc (NASDAQ: CDIO) was released for 2024-06-30. The net profit margin was -22415.27% and return on equity was -293.27% for CDIO. The company reported revenue of $8000.0 for the quarter, compared to $2000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 300.0 percent.
