NASDAQ:CODX

Co-Diagnostics (CODX) Stock Price, News & Analysis

$1.26
+0.05 (+4.13%)
(As of 05/6/2024 ET)
Today's Range
$1.21
$1.30
50-Day Range
$1.06
$1.27
52-Week Range
$0.98
$1.89
Volume
49,936 shs
Average Volume
63,537 shs
Market Capitalization
$39.39 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.50

Co-Diagnostics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
98.4% Upside
$2.50 Price Target
Short Interest
Healthy
1.45% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.10
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.26 out of 5 stars

Medical Sector

315th out of 908 stocks

Surgical & Medical Instruments Industry

42nd out of 96 stocks

CODX stock logo

About Co-Diagnostics Stock (NASDAQ:CODX)

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. The company offers Co-Dx PCR platform, a polymerase chain reaction (PCR) testing to patients in point-of-care and at-home setting. It also provides PCR diagnostic tests for COVID-19, influenza, tuberculosis, hepatitis B and C, human papillomavirus, malaria, chikungunya, dengue, and the zika virus. In addition, the company offers three multiplexed tests to test mosquitos for the identification of diseases carried by the mosquitos; molecular tools for detection of infectious diseases, liquid biopsy for cancer screening, and agricultural applications; tests that identify genetic traits in plant and animal genomes; and portable diagnostic device designed to bring PCR to patients in point-of-care and at-home settings. The company was incorporated in 2013 and is headquartered in Salt Lake City, Utah.

CODX Stock Price History

CODX Stock News Headlines

America has a new type of money—should you get it?
Is America's New Money right for you? I can't say... but I do know it's 100% legal and available to everyone... although precious few know much about it.
Co-Diagnostics Inc Registered Shs
America has a new type of money—should you get it?
Is America's New Money right for you? I can't say... but I do know it's 100% legal and available to everyone... although precious few know much about it.
Q4 2023 Co-Diagnostics Inc Earnings Call
CODX Mar 2024 1.500 call
Co-Diagnostics: Q4 Earnings Insights
Earnings Preview: Co-Diagnostics
Here's what to expect from Co-Diagnostics's earnings
Co-Diagnostics Inc Registered Shs CODX
See More Headlines
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Company Calendar

Last Earnings
3/14/2024
Today
5/06/2024
Next Earnings (Confirmed)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Surgical & medical instruments
Sub-Industry
N/A
Current Symbol
NASDAQ:CODX
Fax
N/A
Employees
155
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.50
High Stock Price Target
$2.50
Low Stock Price Target
$2.50
Potential Upside/Downside
+98.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-35,330,000.00
Net Margins
-518.69%
Pretax Margin
-559.47%

Debt

Sales & Book Value

Annual Sales
$6.81 million
Book Value
$2.81 per share

Miscellaneous

Free Float
30,510,000
Market Cap
$39.39 million
Optionable
Optionable
Beta
-0.65
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Key Executives

  • Mr. Dwight H. Egan (Age 71)
    Chairman & CEO
    Comp: $415.75k
  • Mr. Brian L. Brown CPA (Age 48)
    CFO & Company Secretary
    Comp: $338.92k
  • Mr. Richard David Abbott (Age 52)
    President
  • Dr. Brent C. Satterfield Ph.D. (Age 47)
    Co-Founder & Member of Scientific Advisory Board
    Comp: $237.5k
  • Mr. David Nielsen
    Chief Operating Officer
  • Mr. Dan Bohrer CPA
    Vice President of Finance & Accounting
  • Mr. Christopher Thurston
    Chief Technology Officer
  • Dr. Mark Poritz Ph.D.
    Chief Scientific Officer
  • Mr. Andrew Benson
    Head of Investor Relations
  • Dr. Mayuranki Almaula
    Senior Vice President of Overseas Operations & Strategic Alliances

CODX Stock Analysis - Frequently Asked Questions

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

1 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 for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CODX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CODX, but not buy additional shares or sell existing shares.
View CODX analyst ratings
or view top-rated stocks.

What is Co-Diagnostics' stock price target for 2024?

1 brokerages have issued 1 year price targets for Co-Diagnostics' stock. Their CODX share price targets range from $2.50 to $2.50. On average, they predict the company's share price to reach $2.50 in the next twelve months. This suggests a possible upside of 98.4% from the stock's current price.
View analysts price targets for CODX
or view top-rated stocks among Wall Street analysts.

How have CODX shares performed in 2024?

Co-Diagnostics' stock was trading at $1.33 at the beginning of the year. Since then, CODX shares have decreased by 5.3% and is now trading at $1.26.
View the best growth stocks for 2024 here
.

Are investors shorting Co-Diagnostics?

Co-Diagnostics saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 453,000 shares, a decrease of 8.8% from the March 31st total of 496,500 shares. Based on an average daily volume of 56,600 shares, the short-interest ratio is presently 8.0 days.
View Co-Diagnostics' Short Interest
.

When is Co-Diagnostics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our CODX earnings forecast
.

How can I listen to Co-Diagnostics' earnings call?

Co-Diagnostics will be holding an earnings conference call on Thursday, May 9th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Co-Diagnostics' earnings last quarter?

Co-Diagnostics, Inc. (NASDAQ:CODX) released its earnings results on Thursday, March, 14th. The company reported ($0.50) EPS for the quarter. The firm earned $3.56 million during the quarter, compared to analysts' expectations of $3.63 million. Co-Diagnostics had a negative trailing twelve-month return on equity of 35.37% and a negative net margin of 518.69%.

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?

Co-Diagnostics (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 acted as the underwriters for the IPO.

Who are Co-Diagnostics' major shareholders?

Co-Diagnostics' stock is owned by a number of retail and institutional investors. Top institutional investors include SMI Advisory Services LLC (0.12%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Brian Lee Brown, Eugene Durenard and Reed L Benson.
View institutional ownership trends
.

How do I buy shares of Co-Diagnostics?

Shares of CODX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CODX) was last updated on 5/6/2024 by MarketBeat.com Staff

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