Co-Diagnostics, Inc., a molecular diagnostics company, intends to manufacture and sell reagents used for diagnostic tests that function via the detection and/or analysis of nucleic acid molecules. It also intends to sell diagnostic equipment from other manufacturers as self-contained lab systems. Co-Diagnostics, Inc. was founded in 2013 and is headquartered in Salt Lake City, Utah.
Industry, Sector and Symbol
Industry Surgical & medical instruments
Sub-IndustryN/A
SectorMedical
Phone801-438-1036
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$40,000.00
Profitability
Miscellaneous
Employees22
Next Earnings Date2/12/2020 (Estimated)
OptionableNot Optionable
Co-Diagnostics (NASDAQ:CODX) Frequently Asked Questions
What is Co-Diagnostics' stock symbol?
Co-Diagnostics trades on the NASDAQ under the ticker symbol "CODX."
How were Co-Diagnostics' earnings last quarter?
Co-Diagnostics Inc (NASDAQ:CODX) announced its quarterly earnings results on Wednesday, November, 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by $0.02. The firm earned $0.04 million during the quarter, compared to the consensus estimate of $0.10 million. Co-Diagnostics had a negative return on equity of 202.74% and a negative net margin of 5,486.08%. View Co-Diagnostics' Earnings History.
When is Co-Diagnostics' next earnings date?
What price target have analysts set for CODX?
2 equities research analysts have issued 12-month price targets for Co-Diagnostics' shares. Their forecasts range from $2.00 to $2.00. On average, they anticipate Co-Diagnostics' stock price to reach $2.00 in the next year. This suggests a possible upside of 112.8% from the stock's current price. View Analyst Price Targets for Co-Diagnostics.
What is the consensus analysts' recommendation for Co-Diagnostics?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Co-Diagnostics in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Co-Diagnostics.
What are Wall Street analysts saying about Co-Diagnostics stock?
Here are some recent quotes from research analysts about Co-Diagnostics stock:
- 1. According to Zacks Investment Research, "Co-Diagnostics Inc. is a molecular diagnostics company. It develops, manufactures and markets a new, state-of-the-art diagnostics technology. The Company's technology is utilized for tests which are designed using the detection and/or analysis of nucleic acid molecules. It also uses proprietary technology to design specific tests to locate genetic markers for use in industries other than infectious disease and license the use of those tests to specific customers. Co-Diagnostics Inc. is based in UT, United States. " (10/7/2019)
- 2. HC Wainwright analysts commented, "Our 12-month price target is based on a comparable universe derived enterprise value-to-sales (EV/ Sales) multiple of 5.7x and projected sales of $0.36 per share for the next 12 months. Risks include, but are not limited to: (1) lower-than-projected uptake of products; (2) inability to maintain regulatory compliance; and (3) inability to develop additional products targeting segments beyond infectious disease in developing markets. Co-Diagnostics, Inc." (8/16/2019)
Has Co-Diagnostics been receiving favorable news coverage?
News stories about CODX stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Co-Diagnostics earned a coverage optimism score of 1.1 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Co-Diagnostics.
Are investors shorting Co-Diagnostics?
Co-Diagnostics saw a increase in short interest in October. As of October 31st, there was short interest totalling 541,100 shares, an increase of 37.8% from the September 30th total of 392,700 shares. Based on an average trading volume of 98,100 shares, the days-to-cover ratio is presently 5.5 days. Approximately 5.2% of the shares of the stock are sold short. View Co-Diagnostics' Current Options Chain.
Who are some of Co-Diagnostics' key competitors?
Some companies that are related to Co-Diagnostics include Apollo Endosurgery (APEN), Sensus Healthcare (SRTS), AIT Therapeutics (AITB), Endologix (ELGX), Nephros (NEPHD), Pro-Dex (PDEX), SANUWAVE Health (SNWV), Motus GI (MOTS), BeyondAirInc . (XAIR), Invo Bioscience (IVOB), Arch Therapeutics (ARTH), PAVmed (PAVM), Interpace Diagnostics Group (IDXG), Neovasc (NVCN) and RA Medical Systems (RMED).
What other stocks do shareholders of Co-Diagnostics own?
Who are Co-Diagnostics' key executives?
Co-Diagnostics' management team includes the folowing people:
- Mr. Dwight H. Egan, Chairman, CEO & Pres (Age 66)
- Dr. Brent C. Satterfield, Co-Founder, Chief Science Officer & Director (Age 42)
- Mr. Reed L. Benson, CFO, Gen. Counsel & Sec. (Age 71)
- Dr. Mayuranki Almaula, Sr. VP of Overseas Operations & Strategic Alliances
- Mr. Cameron Gundry, Head of Commercialization LATAM/EUR
When did Co-Diagnostics IPO?
(CODX) raised $9 million in an initial public offering (IPO) on Thursday, July 13th 2017. The company issued 1,300,000 shares at a price of $6.35-$6.75 per share. WallachBeth Capital and Network 1 Securities acted as the underwriters for the IPO.
How do I buy shares of Co-Diagnostics?
Shares of CODX 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 Co-Diagnostics' stock price today?
One share of CODX stock can currently be purchased for approximately $0.94.
How big of a company is Co-Diagnostics?
What is Co-Diagnostics' official website?
How can I contact Co-Diagnostics?
Co-Diagnostics' mailing address is 2401 SOUTH FOOTHILL DRIVE SUITE - D, SALT LAKE CITY UT, 84109. The company can be reached via phone at 801-438-1036 or via email at [email protected]
MarketBeat Community Rating for Co-Diagnostics (NASDAQ CODX)
MarketBeat's community ratings are surveys of what our community members think about Co-Diagnostics and other stocks. Vote "Outperform" if you believe CODX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CODX will underperform the S&P 500 over the long term. You may vote once every thirty days.
