Co Diagnostics Stock Today

CODX Stock  USD 0.99  0.02  1.98%   

Performance

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Odds Of Distress

Less than 12

 
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Co Diagnostics is trading at 0.99 as of the 26th of November 2024; that is 1.98 percent decrease since the beginning of the trading day. The stock's open price was 1.01. Co Diagnostics has less than a 12 % chance of experiencing some financial distress in the next two years of operation, but has generated negative returns over the last 90 days. Equity ratings for Co Diagnostics are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of August 2024 and ending today, the 26th of November 2024. Click here to learn more.
Business Domain
Health Care Equipment & Services
IPO Date
12th of July 2017
Category
Healthcare
Classification
Health Care
Co-Diagnostics, Inc., a molecular diagnostics company, develops, manufactures, and sells reagents used for diagnostic tests that function through the detection andor analysis of nucleic acid molecules in the United States and internationally. The company was incorporated in 2013 and is headquartered in Salt Lake City, Utah. The company has 31.93 M outstanding shares of which 208.7 K shares are currently shorted by private and institutional investors with about 2.63 trading days to cover. More on Co Diagnostics

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CODX Stock Highlights

ChairmanDwight Egan
Business ConcentrationHealth Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, NASDAQ Health Care, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.06790.0715
Notably Down
Slightly volatile
Total Current Liabilities3.8 M5.7 M
Way Down
Slightly volatile
Non Current Liabilities Total2.8 M3.6 M
Significantly Down
Slightly volatile
Total Assets50.6 M95.3 M
Way Down
Slightly volatile
Total Current Assets38.2 M62.1 M
Way Down
Slightly volatile
Debt Levels
Co Diagnostics can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Co Diagnostics' financial leverage. It provides some insight into what part of Co Diagnostics' total assets is financed by creditors.
Liquidity
Co Diagnostics currently holds 2.99 M in liabilities with Debt to Equity (D/E) ratio of 0.0, which may suggest the company is not taking enough advantage from borrowing. Co Diagnostics has a current ratio of 16.61, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Co Diagnostics' use of debt, we should always consider it together with its cash and equity.

Change To Operating Activities

(211,769)
Co Diagnostics (CODX) is traded on NASDAQ Exchange in USA. It is located in 2401 South Foothill Drive, Salt Lake City, UT, United States, 84109 and employs 155 people. Co Diagnostics is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 32.25 M. Co Diagnostics conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 31.93 M outstanding shares of which 208.7 K shares are currently shorted by private and institutional investors with about 2.63 trading days to cover. 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.
Check Co Diagnostics Probability Of Bankruptcy
Ownership Allocation
Co Diagnostics secures a total of 31.93 Million outstanding shares. Co Diagnostics owns 5.39 % of its outstanding shares held by insiders and 13.95 % owned by institutions. Please note that no matter how many assets the company retains, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check CODX Ownership Details

CODX Stock Institutional Holders

InstituionRecorded OnShares
Northern Trust Corp2024-09-30
55 K
Thompson Davis & Co Inc2024-09-30
41.5 K
Morgan Stanley - Brokerage Accounts2024-06-30
40.4 K
Uma Financial Services Inc2024-06-30
31.4 K
Smi Advisory Services Llc2024-06-30
28 K
Virtu Financial Llc2024-06-30
27.9 K
Group One Trading, Lp2024-06-30
26.4 K
Citadel Advisors Llc2024-09-30
25.4 K
Ubs Group Ag2024-06-30
22.5 K
Vanguard Group Inc2024-09-30
1.8 M
Renaissance Technologies Corp2024-09-30
567.7 K
View Co Diagnostics Diagnostics

Co Diagnostics Historical Income Statement

At this time, Co Diagnostics' Non Operating Income Net Other is fairly stable compared to the past year. View More Fundamentals

CODX Stock Against Markets

Co Diagnostics Corporate Management

Christopher ThurstonChief OfficerProfile
Andrew BensonHead RelationsProfile
Mayuranki AlmaulaSenior AlliancesProfile
Dan CPAVice AccountingProfile
Ivory ChangChief OfficerProfile

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.