How to Buy Co Diagnostics Stock
Co Diagnostics Inc
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.
Co Diagnostics stock last closed at $1.27, down 0.78% from the previous day, and has increased 4.96% in one year. It has overperformed other stocks in the Medical Devices industry by 0.14 percentage points. Co Diagnostics stock is currently +29.46% from its 52-week low of $0.98, and -43.05% from its 52-week high of $2.23.
There are currently 31.91M CODX shares outstanding. The market value of CODX is $40.53M. In the last 24 hours, 84,149 CODX shares were traded.
How to Buy Co Diagnostics Stock
Not sure how to invest in Co Diagnostics stock? Here's how.
- Decide where to buy Co Diagnostics stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Co Diagnostics stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your payment method and add your information.
- Analyze Co Diagnostics stock: The Co Diagnostics ticker symbol is CODX. Is Co Diagnostics stock a good investment? Should you buy shares of CODX? How do CODX's underlying business fundamentals look? Do top analysts think Co Diagnostics is a good buy? Why has CODX's stock price moved recently? (Hint: Our stock market research tools can help you understand if CODX is a good stock to buy).
- Place your CODX buy order: Decide if you will purchase CODX shares at the current market price or use a limit order to purchase CODX shares at a particular price.
- Get key alerts regarding your CODX position: Create a watchlist to get live updates on your position in Co Diagnostics stock.
Step 1: Decide where to buy Co Diagnostics stock
You need an online brokerage account in order to access the NASDAQ market and buy CODX stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal details so you can invest in CODX stock today.
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Step 3: Put funds into your investment account
Now that you've opened your account on one of the most highly reviewed stock trading apps, you can securely and quickly fund your account:
Check out the walkthrough below if you need help depositing money into your new brokerage account.
Step 4: Analyze Co Diagnostics stock
After you have figured out the best place to buy Co Diagnostics stock, it's important to research their stock before you buy, so you truly wrap your head around the risk as well as the upside.
Co Diagnostics stock quick numbers
Fundamentals of Co Diagnostics
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on CODX's stock page.
Is CODX stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge CODX's true value.
Using relative valuations measures:
- CODX may be undervalued based on its P/B ratio of 0.56x, relative to Medical Devices industry P/B ratio of 4.08x
You can do more valuation research on CODX's stock here.
CODX Financials at a glance
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the CODX balance sheet.
- CODX has cash burn of 26269691. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the CODX balance sheet.
- CODX has a low debt to equity ratio of 0.12.
- CODX has $44.88M in cash and short term investments. This is sufficient to cover its annual cash burn of $26.27M.
Failed Financial Due Diligence Checks:
- CODX profit margin has gone up by 1.09 percentage points in the past year, but the company is still unprofitable.
- Total CODX debt is higher than 5 years ago, relative to shareholder equity.
Is CODX stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Equities analysts who research CODX, the consensus analyst rating on Co Diagnostics is a Hold
Please note that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Co Diagnostics stock forecast page.
CODX Momentum
CODX Earnings
Last year, CODX revenue was $9.14M. In the past five year, CODX's revenue has grown by 154.55% per year. This was faster than the Medical Devices industry average of 11.13%.
You can research CODX's earnings and revenue performance here.
Latest Insiders Trades at CODX
In the past year, insiders at CODX have sold more shares than they have bought.
Brian Lee Brown, Chief Financial Officer of CODX, was the latest CODX insider to sell. They sold $39,092.85 worth of CODX shares on May 23, 2024.
Learn more about who owns CODX stock here.
Does CODX provide a stable income stream?
No, Co Diagnostics doesn't provide an income stream by paying out dividends.
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Step 5: Place your CODX buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular price, place a limit order.
Press the Open button and your broker will place the order.
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Step 6: Get key alerts regarding your CODX position
Now that you own some CODX stock, you'll want to stay up-to-date on your company.
Create a watchlist to get alerted to the latest events about your CODX stock.
CODX Feed
How to Buy Stock in Co Diagnostics
To summarize, here are the 6 steps for buying Co Diagnostics stock:
- Decide where to buy Co Diagnostics stock
- Sign up for a brokerage account
- Put funds into your investment account
- Analyze Co Diagnostics stock
- Place your CODX buy order
- Get key alerts regarding your CODX position
If you are looking for a place to buy stocks, eToro is our favorite option.
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