RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE
Co-Diagnostics Stock

Co-Diagnostics P/S 2024

Co-Diagnostics P/S

7.87

Ticker

CODX

ISIN

US1897631057

WKN

A2DU6V

As of Nov 17, 2024, Co-Diagnostics's P/S ratio stood at 7.87, a 67.45% change from the 4.7 P/S ratio recorded in the previous year.

The Co-Diagnostics P/S history

Co-Diagnostics Aktienanalyse

What does Co-Diagnostics do?

Co-Diagnostics Inc is a company specializing in the development and marketing of innovative diagnostic tests and products. The company is headquartered in Salt Lake City, Utah, USA, and is listed on the NASDAQ under the ticker symbol "CODX". Co-Diagnostics ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/S Details

Decoding Co-Diagnostics's P/S Ratio

Co-Diagnostics's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing Co-Diagnostics's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating Co-Diagnostics's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in Co-Diagnostics’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about Co-Diagnostics stock

What is the price-to-earnings ratio of Co-Diagnostics?

The price-earnings ratio of Co-Diagnostics is currently 7.87.

How has the price-earnings ratio of Co-Diagnostics changed compared to last year?

The price-to-earnings ratio of Co-Diagnostics has increased by 67.45% increased compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Co-Diagnostics high compared to other companies?

Yes, the price-to-earnings ratio of Co-Diagnostics is high compared to other companies.

How does an increase in the price-earnings ratio of Co-Diagnostics affect the company?

An increase in the price-earnings ratio of Co-Diagnostics would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Co-Diagnostics affect the company?

A decrease in the price-earnings ratio of Co-Diagnostics would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Co-Diagnostics?

Some factors that influence the price-earnings ratio of Co-Diagnostics are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Co-Diagnostics pay?

Over the past 12 months, Co-Diagnostics paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Co-Diagnostics is expected to pay a dividend of 0 USD.

What is the dividend yield of Co-Diagnostics?

The current dividend yield of Co-Diagnostics is .

When does Co-Diagnostics pay dividends?

Co-Diagnostics pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Co-Diagnostics?

Co-Diagnostics paid dividends every year for the past 0 years.

What is the dividend of Co-Diagnostics?

For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Co-Diagnostics located?

Co-Diagnostics is assigned to the 'Health' sector.

Wann musste ich die Aktien von Co-Diagnostics kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Co-Diagnostics from 11/17/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 11/17/2024.

When did Co-Diagnostics pay the last dividend?

The last dividend was paid out on 11/17/2024.

What was the dividend of Co-Diagnostics in the year 2023?

In the year 2023, Co-Diagnostics distributed 0 USD as dividends.

In which currency does Co-Diagnostics pay out the dividend?

The dividends of Co-Diagnostics are distributed in USD.

Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.

Andere Kennzahlen von Co-Diagnostics

Our stock analysis for Co-Diagnostics Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Co-Diagnostics Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.