CDNA

Caredx Inc

Healthcare


Presented:07/01/2021
Price:$91.99
Cap:$4.79B
Current Price:$26.35
Cap:$1.39B

Presented

Date07/01/2021
Price$91.99
Market Cap$4.79B
Ent Value$3.13B
P/E RatioN/A
Book Value$9.08
Div Yield0%
Shares O/S52.05M
Ave Daily Vol624,332
Short Int10.09%

Current

Price$26.35
Market Cap$1.39B
CareDx, Inc. operates as a transplant diagnostics company, which discovers, develops and commercializes diagnostic solutions. Its product includes AlloMap, AlloSure and Laboratory products. The company was founded on December 21, 1998 and is headquartered in South San Francisco, CA.

Publicly traded companies mentioned herein: Bio-Techne Corporation (TECH), CareDX Inc (CDNA), Natera Inc (NTRA)

Highlights

The presenter is short shares of CareDX Inc (CDNA) the producer of AlloSure, a liquid biopsy test that is used to detect kidney rejection after a patient receives a transplant. He believes that CDNA’s multiple, currently 13x revenue on a forward basis, could meaningfully contract upon the expected commercial launch of Bio-Techne’s (TECH) ExoTRU urine test and as nephrologists potentially revert back to traditional biopsies post-pandemic. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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