Co-Diagnostics Coronavirus Test Is Likely Ineffective - $1 Price Target [Seeking Alpha]
Co-Diagnostics, Inc. (CODX)
US:NASDAQ Investor Relations:
ir.codiagnostics.com/investor-relations
Company Research
Source: Seeking Alpha
Summary We’re skeptical that Co-Diagnostics (CODX) new coronavirus test works, as news came out that the CDC’s test may be flawed. There is nowhere for CODX to test the coronavirus COVID-19 strain except China or a government lab in the US. There is no committed institutional ownership of CODX and a major holder recently liquidated its entire position. CODX' enterprise value to sales ratio is an eye-watering 608, making it one of the most overvalued medtech companies that we have ever seen. CODX traded at below $1 before the coronavirus hype happened. We predict it will sell-off towards that level as coronvirus news fades. When news started hitting the headlines that the coronavirus was rapidly spreading in China, Co-Diagnostics ( Its coronavirus test is currently sold on a RUO (research use only) basis, and CODX hasn’t released any data whatsoever that suggests the test works or is an improvement to what’s already available. Larger, more established diagnostic companies than CODX and
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News
- Co-Diagnostics, Inc. Announces First Quarter 2024 Earnings Release Date and WebcastPR Newswire
- Co-Diagnostics, Inc. to Host Booth and Deliver Presentation at APRC 2024 in Taiwan [Yahoo! Finance]Yahoo! Finance
- Co-Diagnostics, Inc. to Host Booth and Deliver Presentation at APRC 2024 in TaiwanPR Newswire
- Co-Diagnostics, Inc. Inaugurates New Manufacturing Facility in Utah with Ribbon Cutting Event [Yahoo! Finance]Yahoo! Finance
- Co-Diagnostics, Inc. Inaugurates New Manufacturing Facility in Utah with Ribbon Cutting EventPR Newswire
CODX
Earnings
- 11/9/23 - Beat
CODX
Sec Filings
- 3/20/24 - Form 3
- 3/15/24 - Form 8-K
- 3/14/24 - Form 10-K
- CODX's page on the SEC website