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 $1.06, up 0.95% from the previous day, and has decreased 63.57% in one year. It has underperformed other stocks in the Medical Devices industry by 0.48 percentage points. Co Diagnostics stock is currently +8.72% from its 52-week low of $0.98, and -72.4% from its 52-week high of $3.84.
There are currently 30.79M CODX shares outstanding. The market value of CODX is $32.64M. In the last 24 hours, 52,339 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.
How to Start a New Account on eToro
- Click here to get started.
- Input your personal details to create your new brokerage account.
- Send your information by hitting the "Create Account" button.
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 0.32x, relative to Medical Devices industry P/B ratio of 3.53x
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 a low debt to equity ratio of 0.09.
- There are more short-term assets than long-term liabilities on the CODX balance sheet.
- CODX has cash burn of 14787771. It has sufficient cash and short-term investments to cover this for at least one year.
- Total CODX debt is lower than 5 years ago, relative to shareholder equity.
- CODX has $69.18M in cash and short term investments. This is sufficient to cover its annual cash burn of $14.79M.
Failed Financial Due Diligence Checks:
- CODX profit margin has gone down from 35.8% to -520% in the past year.
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.
Latest CODX Analyst Recommendations
Yi Chen, a bottom 1% analyst from HC Wainwright & Co. maintains CODX with a hold rating and lowers their CODX price target from $3.00 to $2.00, on Aug 14, 2023.
You can dive deeper into what analysts are forecasting on the Co Diagnostics stock forecast page.
CODX Technicals
CODX Earnings
Last year, CODX revenue was $7.30M. Over the past five year, CODX's revenue has gone up by 212.23% per year. This was faster than the Medical Devices industry average of 13.03%.
Dig into CODX's earnings and revenue performance here.
What are CODX insiders up to?
Over 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 $34,395.24 worth of CODX shares on May 23, 2023.
Research 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
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, place a limit order.
Click the Open button and eToro will execute the order.
If you require additional help buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your CODX position
Now that you own some CODX stock, you'll want to keep up with your new company.
Put CODX on a watchlist to monitor your CODX stock.
CODX Feed
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How to Buy Stock in Co Diagnostics
To summarize, here are the 6 steps to buy stock in Co Diagnostics:
- 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 need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Co Diagnostics, click below.
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