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NASDAQ:CDNA - CareDx Stock Price, Forecast & News

$23.31
+0.86 (+3.83 %)
(As of 02/28/2020 04:00 PM ET)
Today's Range
$19.18
Now: $23.31
$23.34
50-Day Range
$19.81
MA: $24.26
$28.25
52-Week Range
$18.75
Now: $23.31
$41.27
Volume1.44 million shs
Average Volume711,757 shs
Market Capitalization$989.28 million
P/E RatioN/A
Dividend YieldN/A
Beta0.8
CareDx, Inc operates as a transplant diagnostics company,which discovers, develops, and commercializes diagnostic solutions. Its product includes AlloMap, AlloSure, and Laboratory products. The company was founded on December 21, 1998 and is headquartered in Brisbane, CA.

Industry, Sector and Symbol

Industry Medical laboratories
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:CDNA
CUSIPN/A
Phone415-287-2300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$127.07 million
Book Value$2.47 per share

Profitability

Net Income$-46,760,000.00

Miscellaneous

Employees227
Market Cap$989.28 million
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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CareDx (NASDAQ:CDNA) Frequently Asked Questions

What is CareDx's stock symbol?

CareDx trades on the NASDAQ under the ticker symbol "CDNA."

How were CareDx's earnings last quarter?

CareDx Inc (NASDAQ:CDNA) announced its earnings results on Thursday, February, 27th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.20. The firm earned $35.82 million during the quarter, compared to analysts' expectations of $35.90 million. CareDx had a negative return on equity of 23.02% and a negative net margin of 17.29%. The business's revenue was up 52.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. View CareDx's Earnings History.

When is CareDx's next earnings date?

CareDx is scheduled to release their next quarterly earnings announcement on Wednesday, May 13th 2020. View Earnings Estimates for CareDx.

What guidance has CareDx issued on next quarter's earnings?

CareDx issued an update on its FY 2020 After-Hours earnings guidance on Thursday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $165-168 million, compared to the consensus revenue estimate of $170.42 million.

What price target have analysts set for CDNA?

5 Wall Street analysts have issued twelve-month price targets for CareDx's shares. Their forecasts range from $43.00 to $63.00. On average, they expect CareDx's share price to reach $53.00 in the next year. This suggests a possible upside of 127.4% from the stock's current price. View Analyst Price Targets for CareDx.

What is the consensus analysts' recommendation for CareDx?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CareDx in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CareDx.

What are Wall Street analysts saying about CareDx stock?

Here are some recent quotes from research analysts about CareDx stock:
  • 1. According to Zacks Investment Research, "CareDx, Inc. is a commercial stage company. It develops, markets, and delivers a diagnostic surveillance solution for heart transplant recipients. The Company provides AlloMap, a noninvasive blood test used to aid in the identification of heart transplant recipients. It is also pursuing other areas of transplant surveillance, such as the use of cell-free DNA (cfDNA) as a biomarker for rejection. CareDx, Inc. is based in Brisbane, California. " (1/16/2020)
  • 2. HC Wainwright analysts commented, "Our 12-month price target is based on an estimated market value of the firm at $1.83B, which includes a discounted cash flow analysis based asset value for pre- and post-transplant tests, using a 10% discount rate and 2% terminal growth rate, and assuming 43M shares outstanding at the end of 1Q20. Investment risks include: (1) failure of to achieve commercial success due to market size, penetration rate, and/or competition; and (2) potential dilution risk. CareDx, Inc." (5/9/2019)

Has CareDx been receiving favorable news coverage?

News coverage about CDNA stock has been trending very negative on Saturday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CareDx earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the next several days. View News Stories for CareDx.

Are investors shorting CareDx?

CareDx saw a increase in short interest in the month of February. As of February 14th, there was short interest totalling 5,500,000 shares, an increase of 14.1% from the January 30th total of 4,820,000 shares. Based on an average daily volume of 714,300 shares, the short-interest ratio is currently 7.7 days. Currently, 13.4% of the shares of the company are sold short. View CareDx's Current Options Chain.

Who are some of CareDx's key competitors?

What other stocks do shareholders of CareDx own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CareDx investors own include EXACT Sciences (EXAS), Roku (ROKU), Alibaba Group (BABA), Aduro BioTech (ADRO), Tandem Diabetes Care (TNDM), Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA), Square (SQ) and AbbVie (ABBV).

Who are CareDx's key executives?

CareDx's management team includes the folowing people:
  • Peter K. Maag, Chief Executive Officer & Director
  • Reginald Seeto, President & Chief Business Officer
  • Paul Ciccolella, Senior Vice President-Global Operations
  • Michael Bell, Chief Financial & Principal Accounting Officer
  • James P. Yee, Chief Medical Officer & Executive Vice President

Who are CareDx's major shareholders?

CareDx's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Fred Alger Management LLC (12.22%), State Street Corp (6.04%), Credit Suisse AG (3.24%), Casdin Capital LLC (2.83%), Gagnon Securities LLC (2.33%) and Lord Abbett & CO. LLC (1.89%). Company insiders that own CareDx stock include James P Yee, Michael Brian Bell, Michael Goldberg, Mitchell J Nelles, Neil Gagnon, Peter Maag, Sasha King and William A Hagstrom. View Institutional Ownership Trends for CareDx.

Which institutional investors are selling CareDx stock?

CDNA stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, State Street Corp, Goldman Sachs Group Inc., Rafferty Asset Management LLC, UBS Group AG, Citigroup Inc., AQR Capital Management LLC and Russell Investments Group Ltd.. Company insiders that have sold CareDx company stock in the last year include James P Yee, Michael Brian Bell, Michael Goldberg, Peter Maag, Sasha King and William A Hagstrom. View Insider Buying and Selling for CareDx.

Which institutional investors are buying CareDx stock?

CDNA stock was bought by a variety of institutional investors in the last quarter, including Rice Hall James & Associates LLC, Fred Alger Management LLC, Sumitomo Mitsui Trust Holdings Inc., Schonfeld Strategic Advisors LLC, Nikko Asset Management Americas Inc., ARK Investment Management LLC, Bamco Inc. NY and Royce & Associates LP. View Insider Buying and Selling for CareDx.

How do I buy shares of CareDx?

Shares of CDNA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is CareDx's stock price today?

One share of CDNA stock can currently be purchased for approximately $23.31.

How big of a company is CareDx?

CareDx has a market capitalization of $989.28 million and generates $127.07 million in revenue each year. The company earns $-46,760,000.00 in net income (profit) each year or ($0.52) on an earnings per share basis. CareDx employs 227 workers across the globe.View Additional Information About CareDx.

What is CareDx's official website?

The official website for CareDx is http://www.caredxinc.com/.

How can I contact CareDx?

CareDx's mailing address is 3260 BAYSHORE BOULEVARD, BRISBANE CA, 94005. The company can be reached via phone at 415-287-2300 or via email at [email protected]


MarketBeat Community Rating for CareDx (NASDAQ CDNA)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  347 (Vote Outperform)
Underperform Votes:  331 (Vote Underperform)
Total Votes:  678
MarketBeat's community ratings are surveys of what our community members think about CareDx and other stocks. Vote "Outperform" if you believe CDNA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CDNA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/29/2020 by MarketBeat.com Staff

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