One of the big names in COVID testing is languishing among its peers and might want to acquire technology that expands its depth in testing. Co-Diagnostics (NASDAQ: CODX) has a market cap of $221 million and also appears to have been working on a monkeypox test for the past couple weeks. The company is positioned with approximately $97.4 million in cash equivalents. This puts the company’s enterprise value at $125 million and their book value at $4.32/share in comparison to their stock price of $6.50. In the last quarter, they sold $22.7 million in sales and brought $9.8 million to the bottom line. Their P/E ratio is a mere 5x.
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