Co Diagnostics Stock Net Income
| CODX Stock | USD 0.94 0.01 1.08% |
Co Diagnostics fundamentals help investors to digest information that contributes to Co Diagnostics' financial success or failures. It also enables traders to predict the movement of CODX Stock. The fundamental analysis module provides a way to measure Co Diagnostics' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Co Diagnostics stock.
| Last Reported | Projected for Next Year | ||
| Net Loss | -42.6 M | -40.4 M | |
| Net Loss | -16.4 M | -15.6 M | |
| Net Loss | -35.3 M | -33.6 M | |
| Net Loss | (1.20) | (1.14) | |
| Net Income Per E B T | 0.93 | 0.98 |
CODX | Net Income |
Co Diagnostics Company Net Income Analysis
Co Diagnostics' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Co Diagnostics Net Income | (35.33 M) |
Most of Co Diagnostics' fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Co Diagnostics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
CODX Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Co Diagnostics is extremely important. It helps to project a fair market value of CODX Stock properly, considering its historical fundamentals such as Net Income. Since Co Diagnostics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Co Diagnostics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Co Diagnostics' interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
CODX Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Co Diagnostics reported net income of (35.33 Million). This is 110.35% lower than that of the Health Care Equipment & Supplies sector and 114.84% lower than that of the Health Care industry. The net income for all United States stocks is 106.19% higher than that of the company.
CODX Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Co Diagnostics' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Co Diagnostics could also be used in its relative valuation, which is a method of valuing Co Diagnostics by comparing valuation metrics of similar companies.Co Diagnostics is currently under evaluation in net income category among its peers.
Co Diagnostics Current Valuation Drivers
We derive many important indicators used in calculating different scores of Co Diagnostics from analyzing Co Diagnostics' financial statements. These drivers represent accounts that assess Co Diagnostics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Co Diagnostics' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 15.0M | 248.5M | 257.8M | 79.3M | 39.0M | 68.9M | |
| Enterprise Value | 14.1M | 205.5M | 169.2M | 56.7M | 27.1M | 25.7M |
Co Diagnostics Institutional Holders
Institutional Holdings refers to the ownership stake in Co Diagnostics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Co Diagnostics' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Co Diagnostics' value.| Shares | Northern Trust Corp | 2024-09-30 | 55 K | Thompson Davis & Co Inc | 2024-09-30 | 41.5 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 40.4 K | Uma Financial Services Inc | 2024-06-30 | 31.4 K | Smi Advisory Services Llc | 2024-06-30 | 28 K | Virtu Financial Llc | 2024-06-30 | 27.9 K | Group One Trading, Lp | 2024-06-30 | 26.4 K | Citadel Advisors Llc | 2024-09-30 | 25.4 K | Ubs Group Ag | 2024-06-30 | 22.5 K | Vanguard Group Inc | 2024-09-30 | 1.8 M | Renaissance Technologies Corp | 2024-09-30 | 567.7 K |
CODX Fundamentals
| Return On Equity | -0.51 | ||||
| Return On Asset | -0.28 | ||||
| Operating Margin | (15.96) % | ||||
| Current Valuation | (5.4 M) | ||||
| Shares Outstanding | 31.93 M | ||||
| Shares Owned By Insiders | 6.30 % | ||||
| Shares Owned By Institutions | 13.95 % | ||||
| Number Of Shares Shorted | 229.09 K | ||||
| Price To Earning | 6.78 X | ||||
| Price To Book | 0.47 X | ||||
| Price To Sales | 4.08 X | ||||
| Revenue | 6.81 M | ||||
| Gross Profit | 28.74 M | ||||
| EBITDA | (41.48 M) | ||||
| Net Income | (35.33 M) | ||||
| Cash And Equivalents | 86.49 M | ||||
| Cash Per Share | 2.80 X | ||||
| Total Debt | 2.99 M | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 16.95 X | ||||
| Book Value Per Share | 2.00 X | ||||
| Cash Flow From Operations | (22.08 M) | ||||
| Short Ratio | 2.84 X | ||||
| Earnings Per Share | (1.38) X | ||||
| Target Price | 1.5 | ||||
| Number Of Employees | 155 | ||||
| Beta | -0.85 | ||||
| Market Capitalization | 29.9 M | ||||
| Total Asset | 95.32 M | ||||
| Retained Earnings | 4.6 M | ||||
| Working Capital | 56.39 M | ||||
| Current Asset | 858.78 K | ||||
| Current Liabilities | 2.84 M | ||||
| Net Asset | 95.32 M |
About Co Diagnostics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Co Diagnostics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Co Diagnostics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Co Diagnostics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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.