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NASDAQ:CODXCo-Diagnostics Stock Price, Forecast & News

$18.00
+0.53 (+3.03 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$17.05
Now: $18.00
$18.00
50-Day Range
$8.70
MA: $14.74
$23.42
52-Week Range
$0.69
Now: $18.00
$29.72
Volume1.97 million shs
Average Volume10.05 million shs
Market Capitalization$494.28 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.78 out of 5 stars


Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:CODX
CUSIPN/A
Phone801-438-1036

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$220,000.00
Book Value$0.70 per share

Profitability

Net Income$-6,200,000.00
Net Margins-334.58%

Miscellaneous

Employees22
Market Cap$494.28 million
Next Earnings Date8/12/2020 (Estimated)
OptionableNot Optionable

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Co-Diagnostics (NASDAQ:CODX) Frequently Asked Questions

How has Co-Diagnostics' stock been impacted by COVID-19 (Coronavirus)?

Co-Diagnostics' stock was trading at $13.19 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CODX stock has increased by 36.5% and is now trading at $18.00. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Co-Diagnostics' next earnings date?

Co-Diagnostics is scheduled to release its next quarterly earnings announcement on Wednesday, August 12th 2020. View our earnings forecast for Co-Diagnostics.

How were Co-Diagnostics' earnings last quarter?

Co-Diagnostics Inc (NASDAQ:CODX) issued its earnings results on Thursday, May, 14th. The company reported ($0.05) EPS for the quarter, missing the Zacks' consensus estimate of ($0.04) by $0.01. The company earned $1.55 million during the quarter, compared to analysts' expectations of $1.10 million. Co-Diagnostics had a negative net margin of 334.58% and a negative return on equity of 81.15%. View Co-Diagnostics' earnings history.

What guidance has Co-Diagnostics issued on next quarter's earnings?

Co-Diagnostics issued an update on its fourth quarter earnings guidance on Tuesday, March, 31st. The company provided EPS guidance of ($0.36) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.09). The company issued revenue guidance of $214.97 million, compared to the consensus revenue estimate of $0.10 million.

What price target have analysts set for CODX?

2 brokers have issued 12-month price targets for Co-Diagnostics' shares. Their forecasts range from $4.00 to $30.00. On average, they expect Co-Diagnostics' stock price to reach $17.00 in the next twelve months. This suggests that the stock has a possible downside of 5.6%. View analysts' price targets for Co-Diagnostics.

Has Co-Diagnostics been receiving favorable news coverage?

Media headlines about CODX stock have been trending extremely negative on Saturday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Co-Diagnostics earned a media sentiment score of -4.6 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutCo-Diagnostics.

Who are some of Co-Diagnostics' key competitors?

What other stocks do shareholders of Co-Diagnostics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Co-Diagnostics investors own include Inovio Pharmaceuticals (INO), Gilead Sciences (GILD), Novavax (NVAX), Moderna (MRNA), Advanced Micro Devices (AMD), Vaxart (VXRT), Johnson & Johnson (JNJ), NVIDIA (NVDA), Micron Technology (MU) and Alibaba Group (BABA).

Who are Co-Diagnostics' key executives?

Co-Diagnostics' management team includes the following 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 served as the underwriters for the IPO.

What is Co-Diagnostics' stock symbol?

Co-Diagnostics trades on the NASDAQ under the ticker symbol "CODX."

Who are Co-Diagnostics' major shareholders?

Co-Diagnostics' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Morgan Stanley (1.34%), Morgan Stanley (1.34%), Geode Capital Management LLC (0.44%), Harvest Investment Services LLC (0.24%), IFG Advisory LLC (0.22%) and Wealth Architects LLC (0.15%). View institutional ownership trends for Co-Diagnostics.

Which institutional investors are selling Co-Diagnostics stock?

CODX stock was sold by a variety of institutional investors in the last quarter, including HighTower Advisors LLC. View insider buying and selling activity for Co-Diagnostics.

Which institutional investors are buying Co-Diagnostics stock?

CODX stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Geode Capital Management LLC, Harvest Investment Services LLC, IFG Advisory LLC, Wealth Architects LLC, Engineers Gate Manager LP, and Paloma Partners Management Co. View insider buying and selling activity for Co-Diagnostics.

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 $18.00.

How big of a company is Co-Diagnostics?

Co-Diagnostics has a market capitalization of $494.28 million and generates $220,000.00 in revenue each year. The company earns $-6,200,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis. Co-Diagnostics employs 22 workers across the globe.

What is Co-Diagnostics' official website?

The official website for Co-Diagnostics is www.codiagnostics.com.

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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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