Co-Diagnostics, Inc. (CODX) locked -2.64% below SMA-200

Co-Diagnostics, Inc. (CODX) recently closed with fall of -9.22% to its 20-Day Simple Moving Average. This short time frame picture represents a downward movement of current price over average price of last 20 days. Now moving toward intermediate time frame, 50-day Moving average is more useful at showing position trading trends lasting 50 days. Shares of CODX moved downward with change of -15.16% to its 50-day Moving average. This falling movement shows negative prices direction over last 50 days. CODX stock price revealed pessimistic move of -2.64% comparing average price of last 200 days. This comparison showed down direction of price behind its 200-SMA. Co-Diagnostics, Inc. (CODX) stock price moved downswing along with the volume 0.09 million shares in Yesterday session. Shares are clocking price at $2.91 with change of -4.90%.

Current trade price levels places CODX’s stock about -57.52% away from the 52-week high and closed 100.69% away from the 52-week low. The total dollar value of all 12.35 million outstanding shares is 0.04 billion. The company’s 3-months average volume stands at 0.08 million. When we divide the last trade volume by the 3-month average volume, we found out a relative volume of 1.00.

Common shareholders want to know how profitable their capital is in the businesses they invest it in. The company gives a ROE of -251.60%. The higher the ROE, the better the company is at generating profits.

Investors saw a negative move of -7.62% in last five trading days. This performance is snap pessimistic view of last week. The stock is remained in negative radar as stock is falling. Going back previous 30 days we noticed that CODX performed along discount change of -13.46%. This curtailing movement indicates the picture of whole previous month is unhealthy. Currently Co-Diagnostics, Inc. (CODX) stock is moving with downswing trend.

Going move backward a period of six month analysis we come to know that stock soared 32.27% giving rising alert for Investors. Now we take an assessment of last twelve months period, where stock moved lower with performance of -48.68%. Investors also expect the good YTD performance from the stock. From the start of year 2018 to present date CODX reported surged performance of 10.23%.

Rory Tomholt

Rory Tomholt

Rory Tomholt: Services Reporter I am Rory Tomholt and I have over 17 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking. Address: 4645 Hewes Avenue Catonsville, MD 21228 Phone: 443-612-9469 Email:

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