Co Diagnostics Stock Buy Hold or Sell Recommendation
| CODX Stock | USD 0.75 0.04 4.94% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Co Diagnostics is 'Strong Sell'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Co Diagnostics given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Co Diagnostics, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Co Diagnostics Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy CODX Stock please use our How to Invest in Co Diagnostics guide. In addition, we conduct extensive research on individual companies such as CODX and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Co Diagnostics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
CODX |
Execute Co Diagnostics Buy or Sell Advice
The CODX recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Co Diagnostics. Macroaxis does not own or have any residual interests in Co Diagnostics or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Co Diagnostics' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Abnormally volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Co Diagnostics Trading Alerts and Improvement Suggestions
| Co Diagnostics generated a negative expected return over the last 90 days | |
| Co Diagnostics has high historical volatility and very poor performance | |
| Co Diagnostics has some characteristics of a very speculative penny stock | |
| The company reported the previous year's revenue of 6.81 M. Net Loss for the year was (35.33 M) with profit before overhead, payroll, taxes, and interest of 3.61 M. | |
| Co Diagnostics currently holds about 86.49 M in cash with (22.08 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.8, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Co Diagnostics has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Revolutionary At-Home Disease Testing Co-Diagnostics Unveils Next-Gen PCR Platform - StockTitan |
Co Diagnostics Returns Distribution Density
The distribution of Co Diagnostics' historical returns is an attempt to chart the uncertainty of Co Diagnostics' future price movements. The chart of the probability distribution of Co Diagnostics daily returns describes the distribution of returns around its average expected value. We use Co Diagnostics price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Co Diagnostics returns is essential to provide solid investment advice for Co Diagnostics.
| Mean Return | -0.54 | Value At Risk | -6.82 | Potential Upside | 6.41 | Standard Deviation | 5.45 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Co Diagnostics historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
CODX Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument, such as Co Diagnostics, soars without any apparent reason? This usually happens because many institutional investors are aggressively trading Co Diagnostics back and forth among themselves.
| Shares | Jane Street Group Llc | 2024-09-30 | 44.1 K | Thompson Davis & Co Inc | 2024-09-30 | 41.5 K | Group One Trading, Lp | 2024-09-30 | 40.1 K | Uma Financial Services Inc | 2024-09-30 | 28.4 K | Smi Advisory Services Llc | 2024-09-30 | 28 K | Citadel Advisors Llc | 2024-09-30 | 25.4 K | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 14.5 K | Ubs Group Ag | 2024-09-30 | 12.8 K | Advisor Group Holdings, Inc. | 2024-09-30 | 12.4 K | Vanguard Group Inc | 2024-09-30 | 1.8 M | Renaissance Technologies Corp | 2024-09-30 | 567.7 K |
Co Diagnostics Cash Flow Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change To Inventory | (7.9M) | 5.7M | (3.5M) | 413.1K | 371.8K | 390.4K | |
| Investments | (5.8M) | 3.6M | (56.7M) | (47.5M) | (42.8M) | (40.6M) | |
| Change In Cash | 42.1M | 45.6M | (65.6M) | (8.1M) | (7.3M) | (6.9M) | |
| Depreciation | 138.6K | 335.4K | 1.3M | 1.2M | 1.4M | 1.5M | |
| Capital Expenditures | 774.4K | 669.5K | 1.4M | 1.4M | 1.6M | 1.6M | |
| Net Income | 42.5M | 36.7M | (14.2M) | (35.3M) | (31.8M) | (30.2M) | |
| End Period Cash Flow | 43.0M | 88.6M | 23.0M | 14.9M | 17.2M | 19.4M | |
| Change To Netincome | 1.3M | 2.4M | 7.0M | 21.0M | 24.2M | 25.4M | |
| Free Cash Flow | 27.4M | 40.4M | 5.1M | (23.4M) | (27.0M) | (25.6M) | |
| Other Non Cash Items | 176.6K | 544.5K | 10.4M | 460.3K | 529.4K | 502.9K | |
| Change Receivables | (121.5K) | (13.0M) | (8.7M) | 15.0M | 17.2M | 18.1M |
Co Diagnostics Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Co Diagnostics or Health Care Equipment & Supplies sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Co Diagnostics' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a CODX stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.56 | |
β | Beta against Dow Jones | 0.07 | |
σ | Overall volatility | 5.72 | |
Ir | Information ratio | -0.12 |
Co Diagnostics Volatility Alert
Co Diagnostics exhibits very low volatility with skewness of 2.1 and kurtosis of 11.27. Co Diagnostics is a potential penny stock. Although Co Diagnostics may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Co Diagnostics. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on CODX instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Co Diagnostics Fundamentals Vs Peers
Comparing Co Diagnostics' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Co Diagnostics' direct or indirect competition across all of the common fundamentals between Co Diagnostics and the related equities. This way, we can detect undervalued stocks with similar characteristics as Co Diagnostics or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Co Diagnostics' fundamental indicators could also be used in its relative valuation, which is a method of valuing Co Diagnostics by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Co Diagnostics to competition |
| Fundamentals | Co Diagnostics | Peer Average |
| Return On Equity | -0.51 | -0.31 |
| Return On Asset | -0.28 | -0.14 |
| Operating Margin | (15.96) % | (5.51) % |
| Current Valuation | (10.07 M) | 16.62 B |
| Shares Outstanding | 31.93 M | 571.82 M |
| Shares Owned By Insiders | 6.70 % | 10.09 % |
| Shares Owned By Institutions | 13.92 % | 39.21 % |
| Number Of Shares Shorted | 260.82 K | 4.71 M |
| Price To Earning | 6.78 X | 28.72 X |
| Price To Book | 0.40 X | 9.51 X |
| Price To Sales | 3.45 X | 11.42 X |
| Revenue | 6.81 M | 9.43 B |
| Gross Profit | 3.61 M | 27.38 B |
| EBITDA | (41.48 M) | 3.9 B |
| Net Income | (35.33 M) | 570.98 M |
| Cash And Equivalents | 86.49 M | 2.7 B |
| Cash Per Share | 2.80 X | 5.01 X |
| Total Debt | 2.99 M | 5.32 B |
| Debt To Equity | 0 % | 48.70 % |
| Current Ratio | 16.95 X | 2.16 X |
| Book Value Per Share | 2.00 X | 1.93 K |
| Cash Flow From Operations | (22.08 M) | 971.22 M |
| Short Ratio | 0.75 X | 4.00 X |
| Earnings Per Share | (1.38) X | 3.12 X |
| Target Price | 1.5 | |
| Number Of Employees | 155 | 18.84 K |
| Beta | -0.85 | -0.15 |
| Market Capitalization | 25.22 M | 19.03 B |
| Total Asset | 95.32 M | 29.47 B |
| Retained Earnings | 4.6 M | 9.33 B |
| Working Capital | 56.39 M | 1.48 B |
| Current Asset | 858.78 K | 9.34 B |
| Current Liabilities | 2.84 M | 7.9 B |
Note: Acquisition by Nelson James B of 48333 shares of Co Diagnostics subject to Rule 16b-3 [view details]
Co Diagnostics Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as CODX . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 22427.5 | |||
| Daily Balance Of Power | (0.49) | |||
| Rate Of Daily Change | 0.95 | |||
| Day Median Price | 0.76 | |||
| Day Typical Price | 0.76 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (0.04) |
About Co Diagnostics Buy or Sell Advice
When is the right time to buy or sell Co Diagnostics? Buying financial instruments such as CODX Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Co Diagnostics in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Tools for CODX Stock Analysis
When running Co Diagnostics' price analysis, check to measure Co Diagnostics' 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 Co Diagnostics is operating at the current time. Most of Co Diagnostics' value examination focuses on studying past and present price action to predict the probability of Co Diagnostics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Co Diagnostics' price. Additionally, you may evaluate how the addition of Co Diagnostics to your portfolios can decrease your overall portfolio volatility.