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NASDAQ: CODX
Co Diagnostics Inc Stock Forecast, Predictions & Price Target

Analyst price target for CODX

Based on 1 analyst offering 12 month price targets for Co Diagnostics Inc.
Min Forecast
$2.00+57.48%
Avg Forecast
$2.00+57.48%
Max Forecast
$2.00+57.48%

Should I buy or sell CODX stock?

Based on 1 analyst offering ratings for Co Diagnostics Inc.
Hold
Strong Buy
0 analysts 0%
Buy
0 analysts 0%
Hold
1 analysts 100%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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CODX stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-06-17

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Forecast return on equity

Is CODX forecast to generate an efficient return?
Company
-45.91%
Industry
18.73%
Market
34.46%
CODX's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CODX forecast to generate an efficient return on assets?
Company
-41.5%
Industry
10.05%
CODX is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CODX earnings per share forecast

What is CODX's earnings per share in the next 2 years based on estimates from 1 analyst?
Avg 1 year Forecast
-$1.33
Avg 2 year Forecast
-$1.15

CODX revenue forecast

What is CODX's revenue in the next 2 years based on estimates from 1 analyst?
Avg 1 year Forecast
$1.6M-76.04%
Avg 2 year Forecast
$1.5M-77.54%
CODX's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CODX revenue growth forecast

How is CODX forecast to perform vs Medical Devices companies and vs the US market?
Company
-76.04%
Industry
7.02%
Market
14.62%
CODX's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CODX's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CODX vs Medical Device Stocks

TickerPricePrice TargetUp/downsideConsensus
CODX$1.27$2.00+57.48%Hold
NSYS$14.40N/AN/A
RBOT$7.85$20.00+154.78%Hold
ALUR$0.86$5.00+484.80%Strong Buy
MOVE$0.42N/AN/A

Co Diagnostics Stock Forecast FAQ

Is Co Diagnostics Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 1 Wall Street analyst covering (NASDAQ: CODX) stock is to Hold CODX stock.

Out of 1 analyst, 0 (0%) are recommending CODX as a Strong Buy, 0 (0%) are recommending CODX as a Buy, 1 (100%) are recommending CODX as a Hold, 0 (0%) are recommending CODX as a Sell, and 0 (0%) are recommending CODX as a Strong Sell.

If you're new to stock investing, here's how to buy Co Diagnostics stock.

What is CODX's earnings growth forecast for 2024-2025?

(NASDAQ: CODX) Co Diagnostics's forecast annual earnings growth rate of N/A is not forecast to beat the US Medical Devices industry's average forecast earnings growth rate of 56.1%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 35.14%.

Co Diagnostics's earnings in 2024 is -$38,889,517.On average, 1 Wall Street analyst forecast CODX's earnings for 2024 to be -$41,600,296, with the lowest CODX earnings forecast at -$41,600,296, and the highest CODX earnings forecast at -$41,600,296.

In 2025, CODX is forecast to generate -$35,970,181 in earnings, with the lowest earnings forecast at -$35,970,181 and the highest earnings forecast at -$35,970,181.

What is CODX's revenue growth forecast for 2024-2025?

(NASDAQ: CODX) Co Diagnostics's forecast annual revenue growth rate of -76.04% is not forecast to beat the US Medical Devices industry's average forecast revenue growth rate of 7.02%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 14.62%.

Co Diagnostics's revenue in 2024 is $6,677,935.On average, 1 Wall Street analysts forecast CODX's revenue for 2024 to be $50,045,469, with the lowest CODX revenue forecast at $50,045,469, and the highest CODX revenue forecast at $50,045,469.

In 2025, CODX is forecast to generate $46,917,627 in revenue, with the lowest revenue forecast at $46,917,627 and the highest revenue forecast at $46,917,627.

What is CODX's forecast return on assets (ROA) for 2024-2025?

(NASDAQ: CODX) forecast ROA is -41.5%, which is lower than the forecast US Medical Devices industry average of 10.05%.

What is CODX's Price Target?

According to 1 Wall Street analyst that have issued a 1 year CODX price target, the average CODX price target is $2.00, with the highest CODX stock price forecast at $2.00 and the lowest CODX stock price forecast at $2.00.

The Wall Street analyst predicted that Co Diagnostics's share price could reach $2.00 by Jun 17, 2025. The average Co Diagnostics stock price prediction forecasts a potential upside of 57.48% from the current CODX share price of $1.27.

What is CODX's Earnings Per Share (EPS) forecast for 2024-2025?

(NASDAQ: CODX) Co Diagnostics's current Earnings Per Share (EPS) is -$1.32. On average, analysts forecast that CODX's EPS will be -$1.33 for 2024, with the lowest EPS forecast at -$1.33, and the highest EPS forecast at -$1.33. In 2025, CODX's EPS is forecast to hit -$1.15 (min: -$1.15, max: -$1.15).

What is CODX's forecast return on equity (ROE) for 2024-2025?

(NASDAQ: CODX) forecast ROE is -45.91%, which is considered weak.
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