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S&P 500   3,825.33
DOW   31,097.26
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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NASDAQ:CODX

Co-Diagnostics Stock Forecast, Price & News

$5.84
+0.23 (+4.10%)
(As of 07/1/2022 03:59 PM ET)
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Today's Range
$5.48
$5.93
50-Day Range
$3.76
$5.84
52-Week Range
$3.66
$11.82
Volume
38,378 shs
Average Volume
439,458 shs
Market Capitalization
$198.49 million
P/E Ratio
4.49
Dividend Yield
N/A
Price Target
$13.00

Co-Diagnostics MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
122.6% Upside
$13.00 Price Target
Short Interest
Bearish
5.44% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.10
Upright™ Environmental Score
News Sentiment
0.60mentions of Co-Diagnostics in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.97%
From $0.67 to $0.71 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.16 out of 5 stars

Medical Sector

315th out of 1,427 stocks

Surgical & Medical Instruments Industry

38th out of 138 stocks

30 days | 90 days | 365 days | Advanced Chart

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Co-Diagnostics logo

About Co-Diagnostics (NASDAQ:CODX) Stock

Co-Diagnostics, Inc., a molecular diagnostics company, develops, manufactures, and sells reagents used for diagnostic tests that function through the detection and/or analysis of nucleic acid molecules in the United States and internationally. It offers polymerase chain reaction (PCR) diagnostic tests for COVID-19, tuberculosis, hepatitis B and C, human papilloma virus, malaria, chikungunya, dengue, and the zika virus; three multiplexed tests to test mosquitos for the identification of diseases carried by the mosquitos; and molecular tools for detection of infectious diseases, liquid biopsy for cancer screening, and agricultural applications. The company also provides tests that identify genetic traits in plant and animal genomes; and portable PCR device designed to bring PCR to patients in point-of-care and at-home settings. In addition, it intends to sell diagnostic equipment from other manufacturers as self-contained lab systems. The company was incorporated in 2013 and is headquartered in Salt Lake City, Utah.

CODX Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Surgical & medical instruments
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:CODX
Fax
N/A
Employees
101
Year Founded
N/A

Company Calendar

Last Earnings
5/12/2022
Today
7/04/2022
Next Earnings (Estimated)
8/11/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$13.00
High Stock Price Forecast
$14.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+122.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$36.66 million
Pretax Margin
48.58%

Debt

Sales & Book Value

Annual Sales
$97.89 million
Cash Flow
$1.28 per share
Book Value
$4.65 per share

Miscellaneous

Free Float
33,648,000
Market Cap
$198.49 million
Optionable
Not Optionable
Beta
-1.71














Co-Diagnostics Frequently Asked Questions

Should I buy or sell Co-Diagnostics stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Co-Diagnostics in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Co-Diagnostics stock.
View analyst ratings for Co-Diagnostics
or view top-rated stocks.

What is Co-Diagnostics' stock price forecast for 2022?

4 equities research analysts have issued 1 year price targets for Co-Diagnostics' shares. Their CODX stock forecasts range from $12.00 to $14.00. On average, they anticipate Co-Diagnostics' stock price to reach $13.00 in the next year. This suggests a possible upside of 122.6% from the stock's current price.
View analysts' price targets for Co-Diagnostics
or view top-rated stocks among Wall Street analysts.

How has Co-Diagnostics' stock performed in 2022?

Co-Diagnostics' stock was trading at $8.93 on January 1st, 2022. Since then, CODX shares have decreased by 34.6% and is now trading at $5.84.
View the best growth stocks for 2022 here
.

When is Co-Diagnostics' next earnings date?

Co-Diagnostics is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
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, 12th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. The firm earned $22.70 million during the quarter, compared to analysts' expectations of $21.25 million. Co-Diagnostics had a net margin of 40.25% and a trailing twelve-month return on equity of 32.20%. During the same quarter in the previous year, the business earned $0.26 earnings per share.
View Co-Diagnostics' earnings history
.

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

Co-Diagnostics updated its first quarter 2022 earnings guidance on Thursday, April, 21st. The company provided EPS guidance of $0.170-$0.200 for the period, compared to the consensus estimate of $0.110. The company issued revenue guidance of $21 million-$22 million, compared to the consensus revenue estimate of $21.28 million.

Who are Co-Diagnostics' key executives?

Co-Diagnostics' management team includes the following people:
  • Mr. Dwight H. Egan, Chairman, CEO & Pres (Age 69, Pay $1.02M)
  • Mr. Brian L. Brown CPA, CFO & Company Sec. (Age 46, Pay $730.62k)
  • Mr. Reed L. Benson, Gen. Counsel (Age 74, Pay $385.85k) (LinkedIn Profile)
  • Dr. Brent C. Satterfield Ph.D., Co-Founder & Member of Scientific Advisory Board (Age 45)
  • Dr. Jesse Montgomery, Chief Scientific Officer
  • Mr. Andrew Benson, Head of Investor Relations
  • Dr. Mayuranki Almaula, Sr. VP of Overseas Operations & Strategic Alliances
  • Mr. Cameron Gundry, Head of Commercialization LATAM/EUR

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), Novavax (NVAX), Moderna (MRNA), Vaxart (VXRT), Gilead Sciences (GILD), Sorrento Therapeutics (SRNE), iBio (IBIO), Advanced Micro Devices (AMD), Pfizer (PFE) and Johnson & Johnson (JNJ).

When did Co-Diagnostics IPO?

(CODX) raised $9 million in an initial public offering on Thursday, July 13th 2017. The company issued 1,300,000 shares at $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."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Co-Diagnostics' stock price today?

One share of CODX stock can currently be purchased for approximately $5.84.

How much money does Co-Diagnostics make?

Co-Diagnostics (NASDAQ:CODX) has a market capitalization of $198.49 million and generates $97.89 million in revenue each year. The company earns $36.66 million in net income (profit) each year or $1.30 on an earnings per share basis.

How many employees does Co-Diagnostics have?

Co-Diagnostics employs 101 workers across the globe.

How can I contact Co-Diagnostics?

Co-Diagnostics' mailing address is 2401 SOUTH FOOTHILL DRIVE SUITE D, SALT LAKE CITY UT, 84124. The official website for Co-Diagnostics is www.codiagnostics.com. The company can be reached via phone at (801) 438-1036 or via email at investors@codiagnostics.com.

This page (NASDAQ:CODX) was last updated on 7/4/2022 by MarketBeat.com Staff

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