In a report released yesterday, Jason McCarthy from Maxim Group assigned a Buy rating to Co-Diagnostics (CODX – Research Report), with a price target of $30.00. The company’s shares closed last Friday at $14.03.
According to TipRanks.com, McCarthy is a 5-star analyst with an average return of 22.0% and a 43.3% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Appili Therapeutics Inc Class A, Brainstorm Cell Therapeutics, and SELLAS Life Sciences Group.
Co-Diagnostics has an analyst consensus of Moderate Buy, with a price target consensus of $31.50.
The company has a one-year high of $30.99 and a one-year low of $0.85. Currently, Co-Diagnostics has an average volume of 4.1M.
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Co-Diagnostics, Inc. is a molecular diagnostics company, which engages in the development, manufacture, and marketing of diagnostics technology. The company’s products are utilized for tests that are designed using the detection and analysis of nucleic acid molecules. It also uses its proprietary technology to design tests to locate genetic markers for use in industries other than infectious disease and license the use of those tests to specific customers. The company was founded by Brent C. Satterfield and Dwight Howard Egan on April 18, 2013 and is headquartered in Salt Lake City, UT.