Saturday, June 25, 2022

An Analysis of ChromaDex Corporation (CDXC)’s Potential Price Growth

ChromaDex Corporation’s recent filing unveils that its 10% Owner Chau Hoi Shuen Solina Holly acquired Company’s shares for reported $99878.0 on Jun 16. In the deal valued at $1.66 per share,60,037 shares were bought. As a result of this transaction, Chau Hoi Shuen Solina Holly now holds 6,925,641 shares worth roughly $ 12.74 million.

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Then, Fried Robert N bought 25,000 shares, generating $54,000 in total proceeds. Upon buying the shares at $2.16, the CEO now owns 88,001 shares.

Meanwhile, ROTH Capital initiated its ChromaDex Corporation [CDXC] rating to a Buy in a research note published on Tuesday, March 08, 2022; the price target was $7. PT values the company’s stock at a premium of 73.71 to its Tuesday closing price. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. B. Riley FBR began covering CDXC with a “Buy” recommendation on February 14, 2019.

Price Performance Review of CDXC

On Tuesday, ChromaDex Corporation [NASDAQ:CDXC] saw its stock jump 12.20% to $1.84. On the same session, the stock had its day’s lowest price of $1.71, but rose to a high of $1.88. Over the last five days, the stock has gained 3.95%. ChromaDex Corporation shares have fallen nearly -50.80% since the year began. Nevertheless, the stocks have fallen -79.53% over the past one year. While a 52-week high of $10.78 was reached on 01/04/22, a 52-week low of $1.51 was recorded on 05/13/22. SMA at 50 days reached $1.9074, while 200 days put it at $3.7731. A total of 0.65 million shares were traded, compared to the trading of 0.88 million shares in the previous session.

Levels Of Support And Resistance For CDXC Stock

The 24-hour chart illustrates a support level at 1.7400, which if violated will result in even more drops to 1.6400. On the upside, there is a resistance level at 1.9100. A further resistance level may holdings at 1.9800. The Relative Strength Index (RSI) on the 14-day chart is 48.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2062, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.83%. Stochastics %K at 13.85% indicates the stock is a buying.

How much short interest is there in ChromaDex Corporation?

A steep rise in short interest was recorded in ChromaDex Corporation stocks on Apr 28, 2022, growing by 0.96 million shares to a total of 3.44 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 2.48 million shares. There was a rise of 27.91%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.71% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.98.

ChromaDex Corporation [CDXC] – Who Are The Largest Shareholders?

In filings from Yong Rong, it is revealed that the company now owns 4,074,939 shares, or roughly 5.96% of the outstanding CDXC shares. In other words, the investor’s shares have fallen by -56,378 from its previous 13-F filing of 4131317.0. Additionally, BlackRock Fund Advisors decreased -0.95% of its stake after which the total value it holdings stand at $5,549,765, while The Vanguard Group, Inc. added 10.20% of its stake to hold $5.11 million in the firm. Over the last quarter, Tieton Capital Management LLC purchased 1,012,016 shares of ChromaDex Corporation, while Iconiq Capital LLC bought 0 shares. At present, SSgA Funds Management, Inc. is holding 932,526 shares valued at $1.77 million. Geode Capital Management LLC owned 924,063 shares of the company at the time of its most recent 13F filing, worth $1.76 million.

The most recent change occurred on September 25, 2017 when Ladenburg Thalmann began covering the stock and recommended ‘”a Buy”‘ rating along with a $7 price target.

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