NASDAQ:CDNA

CareDx (CDNA) Stock Price, News & Analysis

$7.56
-0.42 (-5.26%)
(As of 04/25/2024 ET)
Today's Range
$7.53
$7.80
50-Day Range
$7.85
$12.08
52-Week Range
$4.80
$12.93
Volume
555,244 shs
Average Volume
893,064 shs
Market Capitalization
$391.46 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.50

CareDx MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
78.6% Upside
$13.50 Price Target
Short Interest
Healthy
9.54% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.79mentions of CareDx in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.59) to ($1.17) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.84 out of 5 stars

Medical Sector

298th out of 907 stocks

Diagnostics & Research Industry

1st out of 2 stocks

CDNA stock logo

About CareDx Stock (NASDAQ:CDNA)

CareDx, Inc. engages in the discovery, development, and commercialization of diagnostic solutions for transplant patients and caregivers in the United States and internationally. It also provides AlloSure Kidney, a donor-derived cell-free DNA (dd-cfDNA) solution for kidney transplant patients; AlloMap Heart, a gene expression solution for heart transplant patients; AlloSure Heart, a dd-cfDNA solution for heart transplant patients; and AlloSure Lung, a dd-cfDNA solution for lung transplant patients. The company offers Olerup SSP, which is used to type human leukocyte antigen (HLA) alleles based on sequence specific primer technology; QTYPE that enables precision in HLA typing; and Ottr, a transplant patient management software. In addition, it provides AlloSeq Tx, a high-resolution HLA typing solution; AlloSeq cfDNA, a surveillance solution to measure dd-cfDNA in blood; AlloSeq HCT, a solution for chimerism testing for stem cell transplant recipients; Allocell, a surveillance solution that monitors the level of engraftment and persistence of allogeneic cells for patients who have received cell therapy transplants; and XynQAPI cloud-based transplant quality management software, as well as AlloCare, a mobile app that offers a patient-centric resource for transplant recipients. The company offers its products directly to customers, as well as through third-party distributors and sub-distributors. It has a license agreement with Illumina, Inc. for the distribution, development, and commercialization of NGS products and technologies; and Cibiltech SAS to commercialize iBox, a software for the predictive analysis of post-transplantation kidney allograft loss. The company was formerly known as XDx, Inc. and changed its name to CareDx, Inc. in March 2014. The company was incorporated in 1998 and is headquartered in South San Francisco, California.

CDNA Stock Price History

CDNA Stock News Headlines

CareDx (NASDAQ:CDNA) Stock Rating Reaffirmed by Stephens
Better than Bitcoin? The Biotech Stock with 46,751% Potential
4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.
Better than Bitcoin? The Biotech Stock with 46,751% Potential
4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.
CDNA Apr 2024 10.000 put
CDNA Apr 2024 2.500 call
CDNA Mar 2024 17.500 call
CareDx, Inc (NASDAQ:CDNA) Q4 2023 Earnings Call Transcript
Earnings Outlook For CareDx
CareDx Stock (NASDAQ:CDNA), Short Interest Report
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/25/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Diagnostics & Research
Sub-Industry
N/A
Current Symbol
NASDAQ:CDNA
Employees
635
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$13.50
High Stock Price Target
$15.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+76.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-190,280,000.00
Pretax Margin
-67.83%

Debt

Sales & Book Value

Annual Sales
$280.32 million
Book Value
$4.83 per share

Miscellaneous

Free Float
49,604,000
Market Cap
$396.63 million
Optionable
Optionable
Beta
1.42
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Key Executives

  • Mr. Abhishek Jain (Age 47)
    CFO & Principal Accounting Officer
    Comp: $425.58k
  • Dr. Peter Maag Ph.D. (Age 57)
    Executive Director
    Comp: $43.23k
  • Mr. Alexander L. Johnson (Age 50)
    President of Patient & Testing Services
    Comp: $547.43k
  • Mr. John Walter Hanna Jr. (Age 44)
    President, CEO & Director
  • Ms. Marica Grskovic Ph.D.
    Chief Operating Officer
  • Dr. Robert N. Woodward Ph.D.
    Chief Scientific Officer
  • Mr. GS Jha
    Senior VP, Chief Information Officer & Chief Information Security Officer
  • Jeffrey A. Novack
    General Counsel
  • Ms. Stacey Follon
    Senior VP & Head of Human Resources
  • Mr. Kashif Rathore
    Chief of Patient & Digital Solutions

CDNA Stock Analysis - Frequently Asked Questions

Should I buy or sell CareDx stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CareDx in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CDNA shares.
View CDNA analyst ratings
or view top-rated stocks.

What is CareDx's stock price target for 2024?

4 brokerages have issued 12-month price targets for CareDx's shares. Their CDNA share price targets range from $12.00 to $15.00. On average, they anticipate the company's share price to reach $13.50 in the next twelve months. This suggests a possible upside of 78.6% from the stock's current price.
View analysts price targets for CDNA
or view top-rated stocks among Wall Street analysts.

How have CDNA shares performed in 2024?

CareDx's stock was trading at $12.00 at the start of the year. Since then, CDNA stock has decreased by 37.0% and is now trading at $7.56.
View the best growth stocks for 2024 here
.

Are investors shorting CareDx?

CareDx saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 4,690,000 shares, a decline of 9.5% from the March 31st total of 5,180,000 shares. Based on an average daily trading volume, of 878,300 shares, the short-interest ratio is currently 5.3 days. Currently, 9.5% of the company's stock are short sold.
View CareDx's Short Interest
.

When is CareDx's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our CDNA earnings forecast
.

How were CareDx's earnings last quarter?

CareDx, Inc (NASDAQ:CDNA) released its earnings results on Wednesday, February, 28th. The company reported ($2.21) earnings per share for the quarter, missing the consensus estimate of ($0.24) by $1.97. The business earned $65.57 million during the quarter, compared to analysts' expectations of $63.66 million. CareDx had a negative trailing twelve-month return on equity of 51.40% and a negative net margin of 67.88%. The business's quarterly revenue was down 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.34) earnings per share.

What ETFs hold CareDx's stock?

ETFs with the largest weight of CareDx (NASDAQ:CDNA) stock in their portfolio include ARK Genomic Revolution ETF (ARKG) and Jacob Forward ETF (JFWD).Global X Genomics & Biotechnology ETF (GNOM).

What guidance has CareDx issued on next quarter's earnings?

CareDx issued an update on its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $260.0 million-$274.0 million, compared to the consensus revenue estimate of $260.6 million.

What other stocks do shareholders of CareDx own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CareDx investors own include Block (SQ), Roku (ROKU), Exact Sciences (EXAS), NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), Enphase Energy (ENPH), Johnson & Johnson (JNJ), Activision Blizzard (ATVI) and Alibaba Group (BABA).

Who are CareDx's major shareholders?

CareDx's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (5.31%), Assenagon Asset Management S.A. (0.69%), Los Angeles Capital Management LLC (0.50%) and Allspring Global Investments Holdings LLC (0.04%). Insiders that own company stock include Ankur Dhingra, George Bickerstaff, Grace Colon, Michael Goldberg, Paul Adler, Peter Maag, Ralph Snyderman, Reginald Seeto, Sasha King, Thomas A Thomas and William A Hagstrom.
View institutional ownership trends
.

How do I buy shares of CareDx?

Shares of CDNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CDNA) was last updated on 4/25/2024 by MarketBeat.com Staff

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