Here is the latest forecast and market data for Co-Diagnostics Inc($CODX)

Market Data

In this article we will be analyzing Co-Diagnostics Inc. We will be looking over the current market data to assess wether or not it is a good investment. To get started, the stock opened this morning at $8.47 and has moved $-0.539999999999999 from yesterday’s closing price of $8.62. The high for today is $8.6799 and the low is $7.79. A great indicator of where a stock is trending is by looking at it’s 52-week high/low. This is a technical indicator used by some traders and investors who view these figures as an important factor in the analysis of a stock’s current value and as a predictor of its future price movement. The 52-week high for Co-Diagnostics Inc is $30.99 and the low is $7.01. The volume (the number of shares traded in a stock or contracts traded in futures or options.) is 1435554. Now that we know where Co-Diagnostics Inc stands in price and volume, let’s learn more about the future of the company.

Forecast & Beta

As an investor, you can get an idea of where the stock is trending by the forecast and beta. Beta is calculated using regression analysis. A beta of 1 indicates that the security’s price tends to move with the market. A beta greater than 1 indicates that the security’s price tends to be more volatile than the market. A beta of less than 1 means it tends to be less volatile than the market. Co-Diagnostics Inc has a beta of -1.95839. Knowing all of this, we project that Co-Diagnostics Inc will have a price of $23.46 in 12-months compared to it’s current price of $8.08 ($15.38 difference). We can also take a look at the comapany’s marketcap. Marketcap is important because it allows investors to understand the relative size of one company versus another. Market cap measures what a company is worth on the open market, as well as the market’s perception of its prospects, because it reflects what investors are willing to pay for its stock. Co-Diagnostics Inc has a marketcap of $226995900.

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