CODX Trade on Mar 6, 2020 12:51 from beno: Tradervue User Stock Trades.

Fundamentals

As of: Sept 30 2019
Shares Outstanding (latest from broker): 17.3m
Cash: 2.544m (Jan 28 2020: +$5m closed offering, Feb 13 2020: $10.2m closed offering)
Current liabilities: 307k
Current ratio: 10
NWC (total current assets - total current liabilities): 2.777m
Accumulated deficit: 23.154m
Book value per share (Stock holder equity / Shares outstanding): 0.192
Monthly Burn rate (net cash used in operating activities / months): 433k
Estimated current cash: 15.58m (counting recent offerings)
Baby Shelf Exemption price per share: 4.33

Catalysts / News / Painting the picture

Enough cash for 35 months
$25m S-3 Aug 2018, $4.3m left
Prospectus 2019-02-04 for $5.5m @ $1.4
Warrants: 1m @ 2.73
PR on Coronavirus: Co-Diagnostics, Inc. Designs Test for New Coronavirus Using CoPrimer Platform
Receives CE (Europe approved) Mark for Novel Coronavirus Test

Technical Analysis

-Levels: 12, 12.80, 13.50, 14.50

Original Plan / Strategy

First test short of 12.50 level

Review

Only one lot got filled before weakness came into the stock. It was over extended to the downside so I just took small profits on my starter and that was it.