Is Caredx Stock a Good Investment?
Caredx Investment Advice | CDNA |
- Examine Caredx's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Caredx's leadership team and their track record. Good management can help Caredx navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Biotechnology space and any emerging trends that could impact Caredx's business and its evolving consumer preferences.
- Compare Caredx's performance and market position to its competitors. Analyze how Caredx is positioned in terms of product offerings, innovation, and market share.
- Check if Caredx pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Caredx's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Caredx Inc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Caredx Inc is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Caredx Stock
Researching Caredx's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 96.0% of the company shares are held by institutions such as insurance companies. The book value of Caredx was currently reported as 5.15. The company recorded a loss per share of 2.61. Caredx Inc had not issued any dividends in recent years.
To determine if Caredx is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Caredx's research are outlined below:
| Caredx Inc generated a negative expected return over the last 90 days | |
| Caredx Inc has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 280.32 M. Net Loss for the year was (190.28 M) with profit before overhead, payroll, taxes, and interest of 205.71 M. | |
| Caredx Inc currently holds about 306.22 M in cash with (18.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.73. | |
| Caredx Inc has a poor financial position based on the latest SEC disclosures | |
| Over 96.0% of the company shares are held by institutions such as insurance companies | |
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Caredx uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Caredx Inc. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Caredx's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 26th of February 2024 Upcoming Quarterly Report | View | |
| 8th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 26th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Caredx's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Caredx's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2019-10-31 | 2019-09-30 | 0.01 | 0.02 | 0.01 | 100 | ||
2023-02-27 | 2022-12-31 | -0.09 | -0.07 | 0.02 | 22 | ||
2022-08-04 | 2022-06-30 | -0.11 | -0.13 | -0.02 | 18 | ||
2020-02-27 | 2019-12-31 | 0.02 | 0.04 | 0.02 | 100 | ||
2018-11-08 | 2018-09-30 | -0.03 | -0.01 | 0.02 | 66 | ||
2017-11-09 | 2017-09-30 | -0.17 | -0.15 | 0.02 | 11 | ||
2017-08-10 | 2017-06-30 | -0.19 | -0.17 | 0.02 | 10 | ||
2018-08-09 | 2018-06-30 | -0.07 | -0.04 | 0.03 | 42 |
Know Caredx's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Caredx is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Caredx Inc backward and forwards among themselves. Caredx's institutional investor refers to the entity that pools money to purchase Caredx's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | D. E. Shaw & Co Lp | 2024-09-30 | 1.4 M | Renaissance Technologies Corp | 2024-09-30 | 1.2 M | Geode Capital Management, Llc | 2024-09-30 | 1.2 M | Driehaus Capital Management Llc | 2024-09-30 | 905.4 K | Jacobs Levy Equity Management, Inc. | 2024-09-30 | 814.7 K | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 761.6 K | Dimensional Fund Advisors, Inc. | 2024-09-30 | 750.9 K | Connor Clark & Lunn Inv Mgmt Ltd | 2024-09-30 | 696.9 K | Fmr Inc | 2024-09-30 | 625.5 K | Blackrock Inc | 2024-09-30 | 5.3 M | Vanguard Group Inc | 2024-09-30 | 4.5 M |
Caredx's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.18 B.Market Cap |
|
Caredx's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.45) | (0.47) | |
| Return On Capital Employed | (0.47) | (0.49) | |
| Return On Assets | (0.37) | (0.39) | |
| Return On Equity | (0.84) | (0.80) |
Determining Caredx's profitability involves analyzing its financial statements and using various financial metrics to determine if Caredx is a good buy. For example, gross profit margin measures Caredx's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Caredx's profitability and make more informed investment decisions.
Caredx's Earnings Breakdown by Geography
Please note, the presentation of Caredx's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Caredx's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Caredx's management manipulating its earnings.
Evaluate Caredx's management efficiency
Caredx Inc has return on total asset (ROA) of (0.075) % which means that it has lost $0.075 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.4302) %, meaning that it created substantial loss on money invested by shareholders. Caredx's management efficiency ratios could be used to measure how well Caredx manages its routine affairs as well as how well it operates its assets and liabilities. As of January 18, 2025, Return On Tangible Assets is expected to decline to -0.47. In addition to that, Return On Capital Employed is expected to decline to -0.49. At present, Caredx's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 206.4 M, whereas Other Assets are projected to grow to (15.2 M).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.37 | 4.59 | |
| Tangible Book Value Per Share | 2.93 | 3.08 | |
| Enterprise Value Over EBITDA | (5.99) | (6.29) | |
| Price Book Value Ratio | 2.22 | 1.11 | |
| Enterprise Value Multiple | (5.99) | (6.29) | |
| Price Fair Value | 2.22 | 1.11 | |
| Enterprise Value | 501.7 M | 785.8 M |
Leadership effectiveness at Caredx Inc is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Beta 1.801 |
Basic technical analysis of Caredx Stock
As of the 18th of January 2025, Caredx shows the Risk Adjusted Performance of (0.11), mean deviation of 2.62, and Standard Deviation of 3.7. Caredx Inc technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.Caredx's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Caredx insiders, such as employees or executives, is commonly permitted as long as it does not rely on Caredx's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Caredx insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Caredx's Outstanding Corporate Bonds
Caredx issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Caredx Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Caredx bonds can be classified according to their maturity, which is the date when Caredx Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| International Game Technology Corp BondUS460599AD57 | View | |
| US14162VAB27 Corp BondUS14162VAB27 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Caredx's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Caredx's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.11) | |||
| Market Risk Adjusted Performance | (1.47) | |||
| Mean Deviation | 2.62 | |||
| Coefficient Of Variation | (737.78) | |||
| Standard Deviation | 3.7 | |||
| Variance | 13.69 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (1.48) | |||
| Maximum Drawdown | 18.14 | |||
| Value At Risk | (6.49) | |||
| Potential Upside | 4.48 | |||
| Skewness | (1.48) | |||
| Kurtosis | 4.56 |
| Risk Adjusted Performance | (0.11) | |||
| Market Risk Adjusted Performance | (1.47) | |||
| Mean Deviation | 2.62 | |||
| Coefficient Of Variation | (737.78) | |||
| Standard Deviation | 3.7 | |||
| Variance | 13.69 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.52) | |||
| Total Risk Alpha | (0.60) | |||
| Treynor Ratio | (1.48) | |||
| Maximum Drawdown | 18.14 | |||
| Value At Risk | (6.49) | |||
| Potential Upside | 4.48 | |||
| Skewness | (1.48) | |||
| Kurtosis | 4.56 |
Consider Caredx's intraday indicators
Caredx intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Caredx stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Caredx Corporate Filings
8K | 13th of January 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 10th of January 2025 Other Reports | ViewVerify | |
F4 | 6th of December 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
Caredx Stock media impact
Far too much social signal, news, headlines, and media speculation about Caredx that are available to investors today. That information is available publicly through Caredx media outlets and privately through word of mouth or via Caredx internal channels. However, regardless of the origin, that massive amount of Caredx data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Caredx news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Caredx relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Caredx's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Caredx alpha.
Caredx Corporate Management
| GS Jha | Chief VP | Profile | |
| Marco Scheller | Senior Operations | Profile | |
| Ian Cooney | Vice Relations | Profile | |
| Jessica Meng | Chief Officer | Profile | |
| Jeffrey Novack | General Secretary | Profile | |
| Hal Gibson | Senior Planning | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Caredx Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Caredx. If investors know Caredx will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Caredx listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.61) | Revenue Per Share | Quarterly Revenue Growth 0.234 | Return On Assets | Return On Equity |
The market value of Caredx Inc is measured differently than its book value, which is the value of Caredx that is recorded on the company's balance sheet. Investors also form their own opinion of Caredx's value that differs from its market value or its book value, called intrinsic value, which is Caredx's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Caredx's market value can be influenced by many factors that don't directly affect Caredx's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Caredx's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Caredx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Caredx's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.