Monday, March 29, 2021 8:30:26 PM
Mar. 29, 2021 1:02 PM ETCo-Diagnostics, Inc. (CODX)By: Dulan Lokuwithana, SA News Editor7 Comments
The analyst concerns over COVID-19 test makers continue as Maxim Group downgraded Co-Diagnostics (CODX -9.1%) to hold from buy arguing that the stock already reflects whatever the COVID-related benefit as the vaccinations blunt the impact.
The company’s Q4 2020 revenue which was ahead of expectation was 24% higher than the previous quarter, the analysts Jason McCarthy and Michael Okunewitch wrote.
After a steep rally in 2020, the analysts argue that the stock has priced in the COVID-related opportunity and the ensuing revenue growth, which, according to them, has likely peaked.
Citing the current backdrop of the pandemic, ‘we do not expect revenue to reach the level observed in 2020, at least not based on the current COVID environment,’ they conclude removing the stock’s price target.
In February, COVID-19 leveraged test makers slumped after Quidel failed to meet the consensus revenue estimates for Q4 2020.
Hebrews 11:6 And without faith it is impossible to please Him, for he who comes to God must believe that He is and that He is a rewarder of those who seek Him.
Recent CODX News
- Co-Diagnostics, Inc. to Accompany Utah Governor and WTC Utah on Trade Mission to South Korea and Japan • PR Newswire (US) • 09/24/2024 01:30:00 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 08:30:22 PM
- Co-Diagnostics, Inc. to Present at 16th Next Generation Dx Summit in Washington, D.C. • PR Newswire (US) • 08/15/2024 01:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:06:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:01:23 PM
- Co-Diagnostics, Inc. Reports Second Quarter 2024 Financial Results • PR Newswire (US) • 08/08/2024 08:01:00 PM
- Co-Diagnostics, Inc. to Host Booth and Discuss Advancing POC/OTC Diagnostics at ADLM 2024 in Chicago • PR Newswire (US) • 07/29/2024 01:30:00 PM
- Co-Diagnostics, Inc. Announces Second Quarter 2024 Earnings Release Date and Webcast • PR Newswire (US) • 07/25/2024 01:30:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 07/16/2024 08:15:11 PM
- Co-Diagnostics, Inc. Expands Vector Control Customer Base to 25 Customers across 15 U.S. States • PR Newswire (US) • 07/02/2024 01:30:00 PM
- Co-Diagnostics, Inc. to Participate at FIME 2024 in Miami Beach, June 19-21 • PR Newswire (US) • 06/18/2024 05:30:00 PM
- Co-Diagnostics, Inc. Submits First FDA 510(k) Application for Co-Dx PCR Pro Platform • PR Newswire (US) • 06/14/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 11:35:43 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 08:01:51 PM
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- Co-Diagnostics, Inc. Reports First Quarter 2024 Financial Results • PR Newswire (US) • 05/09/2024 08:01:00 PM
- Co-Diagnostics, Inc. Announces First Quarter 2024 Earnings Release Date and Webcast • PR Newswire (US) • 04/25/2024 01:30:00 PM
- Co-Diagnostics, Inc. to Host Booth and Deliver Presentation at APRC 2024 in Taiwan • PR Newswire (US) • 04/24/2024 01:30:00 PM
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- Co-Diagnostics, Inc. CEO Delivers Manufacturing and Commercialization Update in Conference Keynote Address • PR Newswire (US) • 03/21/2024 01:30:00 PM
- Co-Diagnostics, Inc. CEO to Deliver Keynote Address at MarketsandMarkets 2024 in London, England • PR Newswire (US) • 03/18/2024 01:30:00 PM
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