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

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Analyst price target for CODX

Based on 2 analysts offering 12 month price targets for Co Diagnostics Inc.
Min Forecast
$5.00+49.7%
Avg Forecast
$7.00+109.58%
Max Forecast
$9.00+169.46%

Should I buy or sell CODX stock?

Based on 2 analysts offering ratings for Co Diagnostics Inc.
Buy
Strong Buy
0 analysts 0%
Buy
1 analysts 50%
Hold
1 analysts 50%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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CODX stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
HC Wainwright & Co.
Top 5%
96
BuyMaintains$9.00+169.46%2022-08-15
Sidoti & Co.
Top 18%
83
HoldDowngrades$5.00+49.70%2022-08-12

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Forecast return on equity

Is CODX forecast to generate an efficient return?
Company
6.31%
Industry
467.49%
Market
100.32%
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
5.67%
Industry
9.76%
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 2 analysts?
Avg 1 year Forecast
$0.09-90.32%
Avg 2 year Forecast
$0.27-70.97%
CODX's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

CODX revenue forecast

What is CODX's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$43.5M-44.43%
Avg 2 year Forecast
$57.0M-27.13%
CODX's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CODX earnings growth forecast

How is CODX forecast to perform vs Diagnostics & Research companies and vs the US market?
Company
-90.32%
Industry
25.59%
Market
52.44%
CODX's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
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Forecast Earnings Growth vs Market Forecast
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Forecast Earnings Growth vs Savings Rate Forecast

CODX revenue growth forecast

How is CODX forecast to perform vs Diagnostics & Research companies and vs the US market?
Company
-44.43%
Industry
-0.13%
Market
15.15%
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 Diagnostic & Research Stocks

TickerPricePrice TargetUp/downsideConsensus
CODX$3.34$7.00+109.58%Buy
ENZ$2.32N/AN/A
MDXH$6.93$16.50+138.23%Strong Buy
DRIO$5.15$14.50+181.55%Strong Buy
DMTK$4.00$19.00+375.00%Strong Buy

Co Diagnostics Stock Forecast FAQ

Is Co Diagnostics Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering (NASDAQ: CODX) stock is to Buy CODX stock.

Out of 2 analysts, 0 (0%) are recommending CODX as a Strong Buy, 1 (50%) are recommending CODX as a Buy, 1 (50%) 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 2022-2023?

(NASDAQ: CODX) Co Diagnostics's forecast annual earnings growth rate of -90.32% is not forecast to beat the US Diagnostics & Research industry's average forecast earnings growth rate of 25.59%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 52.44%.

Co Diagnostics's earnings in 2022 is $28,002,668.On average, 2 Wall Street analysts forecast CODX's earnings for 2022 to be $3,040,289, with the lowest CODX earnings forecast at $2,364,669, and the highest CODX earnings forecast at $4,053,719.

In 2023, CODX is forecast to generate $9,120,868 in earnings, with the lowest earnings forecast at -$675,620 and the highest earnings forecast at $18,579,546.

What is CODX's revenue growth forecast for 2022-2023?

(NASDAQ: CODX) Co Diagnostics's forecast annual revenue growth rate of -44.43% is not forecast to beat the US Diagnostics & Research industry's average forecast revenue growth rate of -0.13%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 15.15%.

Co Diagnostics's revenue in 2022 is $78,224,964.On average, 2 Wall Street analysts forecast CODX's revenue for 2022 to be $1,468,459,722, with the lowest CODX revenue forecast at $1,392,452,490, and the highest CODX revenue forecast at $1,544,466,954.

In 2023, CODX is forecast to generate $1,925,516,544 in revenue, with the lowest revenue forecast at $1,351,239,680 and the highest revenue forecast at $2,499,793,408.

What is CODX's forecast return on assets (ROA) for 2022-2023?

(NASDAQ: CODX) forecast ROA is 5.67%, which is lower than the forecast US Diagnostics & Research industry average of 9.76%.

What is CODX's Price Target?

According to 2 Wall Street analysts that have issued a 1 year CODX price target, the average CODX price target is $7.00, with the highest CODX stock price forecast at $9.00 and the lowest CODX stock price forecast at $5.00.

On average, Wall Street analysts predict that Co Diagnostics's share price could reach $7.00 by Aug 15, 2023. The average Co Diagnostics stock price prediction forecasts a potential upside of 109.58% from the current CODX share price of $3.34.

What is CODX's Earnings Per Share (EPS) forecast for 2022-2023?

(NASDAQ: CODX) Co Diagnostics's current Earnings Per Share (EPS) is $0.93. On average, analysts forecast that CODX's EPS will be $0.09 for 2022, with the lowest EPS forecast at $0.07, and the highest EPS forecast at $0.12. In 2023, CODX's EPS is forecast to hit $0.27 (min: -$0.02, max: $0.55).

What is CODX's forecast return on equity (ROE) for 2022-2023?

(NASDAQ: CODX) forecast ROE is 6.31%, which is considered weak.
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