Co-Diagnostics Inc
NASDAQ:CODX

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Co-Diagnostics Inc
NASDAQ:CODX
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Price: 1.71 USD 1.18%
Market Cap: $6.2m

P/E

-0.1
Current
90%
Cheaper
vs 3-y average of -0.8

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
-0.1
=
Market Cap
$3m
/
Net Income
$-46.9m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
-0.1
=
Market Cap
$3m
/
Net Income
$-46.9m

Valuation Scenarios

Co-Diagnostics Inc is trading above its industry average

If P/E returns to its Industry Average (27.6), the stock would be worth $-617.61 (36 217% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-36 217%
Maximum Upside
No Upside Scenarios
Average Downside
33 126%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple -0.1 $1.71
0%
Industry Average 27.6 $-617.61
-36 217%
Country Average 22.9 $-511.9
-30 035%

Forward P/E
Today’s price vs future net income

Not enough data available to calculate forward P/E

Market Distribution

Lower than 100% of companies in the United States of America
Percentile
0th
Based on 8 489 companies
0th percentile
-0.1
Low
0 — 15.3
Typical Range
15.3 — 33.2
High
33.2 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 15.3
Median 22.9
70th Percentile 33.2
Max 1 826 183.3

Co-Diagnostics Inc
Glance View

Market Cap
6.2m USD
Industry
Health Care

Co-Diagnostics, Inc. engages in the development and innovation of molecular tools for detection of infectious diseases, liquid biopsy for cancer screening, and agricultural applications. The company is headquartered in Salt Lake City, Utah and currently employs 101 full-time employees. The company went IPO on 2017-07-12. The firm is engaged in developing, manufacturing and marketing diagnostics technology. Its reagents are used for diagnostic tests that function via the detection and/or analysis of nucleic acid molecules, such as deoxyribonucleic acid and ribonucleic acid. The company also sells diagnostic equipment from other manufacturers as self-contained lab systems (MDx device). The firm uses its proprietary test design system and proprietary reagents to design and sell polymerase chain reaction diagnostic tests for diseases and pathogens starting with tests for tuberculosis, a drug resistant tuberculosis test, hepatitis B and C, Malaria, dengue, human immunodeficiency virus and Zika virus, all of which tests have been designed and validated in its laboratory. Its diagnostics systems enable molecular testing for organisms and genetic diseases by automating historically complex procedures in both the development and administration of tests.

CODX Intrinsic Value
7.13 USD
Undervaluation 76%
Intrinsic Value
Price $1.71
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