CODX
Price
$0.77
Change
+$0.04 (+5.48%)
Updated
Dec 24, 02:00 PM (EDT)
105 days until earnings call
ELUT
Price
$4.32
Change
-$0.06 (-1.37%)
Updated
Dec 24, 02:00 PM (EDT)
64 days until earnings call
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CODX vs ELUT

Header iconCODX vs ELUT Comparison
Open Charts CODX vs ELUTBanner chart's image
Co-Diagnostics
Price$0.77
Change+$0.04 (+5.48%)
Volume$348
CapitalizationN/A
Elutia
Price$4.32
Change-$0.06 (-1.37%)
Volume$200
CapitalizationN/A
CODX vs ELUT Comparison Chart
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CODX
Daily Signalchanged days ago
Gain/Loss if bought
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ELUT
Daily Signalchanged days ago
Gain/Loss if bought
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CODX vs. ELUT commentary
Dec 24, 2024

To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is CODX is a Hold and ELUT is a StrongBuy.

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COMPARISON
Comparison
Dec 24, 2024
Stock price -- (CODX: $0.73 vs. ELUT: $4.38)
Brand notoriety: CODX and ELUT are both not notable
Both companies represent the Medical Specialties industry
Current volume relative to the 65-day Moving Average: CODX: 134% vs. ELUT: 207%
Market capitalization -- CODX: $34.7M vs. ELUT: $76.46M
CODX [@Medical Specialties] is valued at $34.7M. ELUT’s [@Medical Specialties] market capitalization is $76.46M. The market cap for tickers in the [@Medical Specialties] industry ranges from $3.82T to $0. The average market capitalization across the [@Medical Specialties] industry is $8.04B.

Long-Term Analysis

It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).

CODX’s FA Score shows that 1 FA rating(s) are green whileELUT’s FA Score has 0 green FA rating(s).

  • CODX’s FA Score: 1 green, 4 red.
  • ELUT’s FA Score: 0 green, 5 red.
According to our system of comparison, both CODX and ELUT are a bad buy in the long-term.

Short-Term Analysis

It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.

If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.

CODX’s TA Score shows that 3 TA indicator(s) are bullish while ELUT’s TA Score has 7 bullish TA indicator(s).

  • CODX’s TA Score: 3 bullish, 3 bearish.
  • ELUT’s TA Score: 7 bullish, 3 bearish.
According to our system of comparison, ELUT is a better buy in the short-term than CODX.

Price Growth

CODX (@Medical Specialties) experienced а -7.72% price change this week, while ELUT (@Medical Specialties) price change was +6.05% for the same time period.

The average weekly price growth across all stocks in the @Medical Specialties industry was +1.02%. For the same industry, the average monthly price growth was +1.39%, and the average quarterly price growth was +2.69%.

Reported Earning Dates

CODX is expected to report earnings on Apr 08, 2025.

ELUT is expected to report earnings on Feb 26, 2025.

Industries' Descriptions

@Medical Specialties (+1.02% weekly)

Medical specialties are companies that make equipment used by the health care industry. Equipment manufactured and distributed by these companies include dialysis machines, blood analysis equipment, surgical equipment, dental instruments, and diagnostic tools, among other items. Large companies typically aim to produce and distribute high-quality products across a broad market spectrum. Smaller firms are more likely to specialize in a particular market segment. Due to the industry’s close association with medical treatments, they typically have low sensitivity to macroeconomic fluctuations. Within this industry, Abbott Laboratories, Medtronic Plc and Thermo Fisher Scientific Inc. are some of the companies with multi-billion market capitalizations in the U.S. stock markets.

SUMMARIES
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FUNDAMENTALS
Fundamentals
ELUT($76.5M) has a higher market cap than CODX($34.7M). ELUT YTD gains are higher at: 102.778 vs. CODX (-45.180). ELUT has higher annual earnings (EBITDA): -31.68M vs. CODX (-41.48M). CODX has more cash in the bank: 58.5M vs. ELUT (19.3M). CODX has less debt than ELUT: CODX (2.99M) vs ELUT (24M). ELUT has higher revenues than CODX: ELUT (24.7M) vs CODX (6.81M).
CODXELUTCODX / ELUT
Capitalization34.7M76.5M45%
EBITDA-41.48M-31.68M131%
Gain YTD-45.180102.778-44%
P/E Ratio6.17N/A-
Revenue6.81M24.7M28%
Total Cash58.5M19.3M303%
Total Debt2.99M24M12%
FUNDAMENTALS RATINGS
CODX: Fundamental Ratings
CODX
OUTLOOK RATING
1..100
52
VALUATION
overvalued / fair valued / undervalued
1..100
53
Fair valued
PROFIT vs RISK RATING
1..100
100
SMR RATING
1..100
97
PRICE GROWTH RATING
1..100
94
P/E GROWTH RATING
1..100
20
SEASONALITY SCORE
1..100
50

Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.

TECHNICAL ANALYSIS
Technical Analysis
CODXELUT
RSI
ODDS (%)
Bullish Trend 2 days ago
81%
Bearish Trend 2 days ago
80%
Stochastic
ODDS (%)
N/A
Bullish Trend 2 days ago
90%
Momentum
ODDS (%)
N/A
Bullish Trend 2 days ago
89%
MACD
ODDS (%)
N/A
Bearish Trend 2 days ago
79%
TrendWeek
ODDS (%)
Bearish Trend 2 days ago
84%
Bullish Trend 2 days ago
86%
TrendMonth
ODDS (%)
Bearish Trend 2 days ago
83%
Bullish Trend 2 days ago
86%
Advances
ODDS (%)
Bullish Trend 16 days ago
82%
Bullish Trend 22 days ago
85%
Declines
ODDS (%)
Bearish Trend 6 days ago
85%
Bearish Trend 6 days ago
85%
BollingerBands
ODDS (%)
Bullish Trend 2 days ago
71%
Bullish Trend 2 days ago
90%
Aroon
ODDS (%)
Bearish Trend 2 days ago
84%
Bullish Trend 2 days ago
82%
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CODX
Daily Signalchanged days ago
Gain/Loss if bought
Show more...
ELUT
Daily Signalchanged days ago
Gain/Loss if bought
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CODX and

Correlation & Price change

A.I.dvisor tells us that CODX and ILMN have been poorly correlated (+30% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CODX and ILMN's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CODX
1D Price
Change %
CODX100%
-0.12%
ILMN - CODX
30%
Poorly correlated
-0.76%
CORBF - CODX
25%
Poorly correlated
-32.67%
RCEL - CODX
24%
Poorly correlated
-0.17%
RPID - CODX
24%
Poorly correlated
+1.32%
OPK - CODX
24%
Poorly correlated
-1.95%
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ELUT and

Correlation & Price change

A.I.dvisor tells us that ELUT and RBOT have been poorly correlated (+31% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that ELUT and RBOT's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ELUT
1D Price
Change %
ELUT100%
-9.50%
RBOT - ELUT
31%
Poorly correlated
+7.67%
MHUA - ELUT
29%
Poorly correlated
+3.74%
RPID - ELUT
23%
Poorly correlated
+1.32%
CHEK - ELUT
22%
Poorly correlated
+281.36%
CODX - ELUT
21%
Poorly correlated
-0.12%
More