In this article, we forecast the performance of Cardiol Therapeutics Inc. (CRDL) stock. CRDL Stock Price Forecast for 2023 is $0.8351, 2025 is $6.05, 2030 is $15.50, and $30 in 2040. Our target price is determined through a comprehensive analysis, including financial metrics, historical performance, technical indicators, and more.
Cardiol Therapeutics Inc (CRDL) stock opened at 1.16, reaching a high of 1.17 and a low of 1.14. The market capitalization stands at 7.46Cr, with no available P/E ratio or dividend yield specified. In the past 52 weeks, the stock’s highest price was 1.64, while the lowest was 0.61.
About Cardiol Therapeutics Inc. (CRDL) Overview
Cardiol Therapeutics Inc. is delving into the realm of clinical-stage life sciences, with a prime focus on researching and developing therapies to combat heart disease. The company’s flagship product, CardiolRx (cannabidiol) oral solution, takes center stage in its endeavors. This pharmaceutically manufactured solution is currently in the clinical development phase, intending to become a game-changer in the treatment of heart disease.
The unique aspect lies in the recognition that cannabidiol, a key component of cannabis, has the potential to inhibit the activation of the inflammasome pathway. This pathway is an intracellular process known to play a pivotal role in the development and progression of inflammation and fibrosis associated with various heart conditions, including myocarditis, pericarditis, and heart failure.
Cardiol Therapeutics is not stopping there—it’s also working on CRD-38, a novel drug administered subcutaneously, specifically tailored for heart failure.
Excitingly, the company has received the green light with Investigational New Drug Application authorization from the United States Food and Drug Administration. This authorization paves the way for clinical studies to evaluate the efficacy and safety of CardiolRx in addressing two distinct heart-related diseases.
In a nutshell, Cardiol Therapeutics is at the forefront of pioneering research and development, exploring the therapeutic potential of cannabinoids, particularly cannabidiol, to combat inflammation and fibrosis associated with heart diseases. It’s a testament to the innovative strides being made in the field of cardiovascular health.
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CRDL Stock Price Forecast
CRDL Stock Forecast over the next 12 months with an average price target of $0.4795 will rise from a high of $1.0052 to a low of $0.00865 from the current price of $0.8402 indicating a projected -42.93% decrease. This seems to be leaning toward the negative side.
On the technical side CRDL Stock Price Forecast, the current sentiment is considered Bullish, and there’s a suggestion that CRDL could reach $0.7804 in 2024. This assessment indicates a positive outlook, making it a potential opportune time for opening fresh positions, particularly as navigating bullish markets tends to be more favorable.
The current Stock price of Cardiol Therapeutics Inc. (CRDL) in the stock market is as follows: the stock is currently priced at $0.8402, with a 24-hour trading volume of 116.92K. Over the last 24 hours, the stock has witnessed a decrease of -2.45%, while over the past month, it has shown a noteworthy rise of +21.77%.
CRDL Stock Price Forecast 2024
According to the latest analyst Cardiol Therapeutics price prediction for CRDL Stock Forecast for 2024 share price could reach $3.50 by November 14, 2024, from its current trading price of $0.842.
CRDL Stock Price Forecast 2025
Based on the latest long-term projection for CRDL Stock price Forecast 2025 is expected to hit a high price of $6.05 to a low price of $ 4.50 median price of $4.05 throughout the year 2025.
CRDL Stock Price Forecast 2030
Long-term Cardiol Therapeutics (CRDL) stock price forecast analysis for the year 2030 is expected to range between $15.50 to $22.10 with a median price target of $18.45 from its current price of 0.8402 USD in 2023.
why is CRDL stock dropping?
The recent fall in Cardiol Therapeutics Inc. (CRDL) stock is dropping can be attributed to a downtrend observed over the past week. However, there are signs that a trend reversal might be on the horizon. In the last trading session, a hammer chart pattern emerged, suggesting a potential shift in momentum. This pattern is often considered a technical indicator that the stock may be approaching a bottom, with indications of reduced selling pressure.
The formation of the hammer pattern raises optimism, signaling that bulls might be gaining strength against the bears, providing support to the stock. It’s crucial to note that technical factors, like chart patterns, are not the sole contributors to market movements. On the fundamental side, there is a strong consensus among Wall Street analysts who are actively raising earnings estimates for Cardiol Therapeutics Inc. This collective positive sentiment enhances the company’s prospects for a potential trend reversal.
Factors influencing CRDL Stock Price Forecast
Forecasting stock prices involves a thorough examination of various factors influencing a company’s financial performance. For Cardiol Therapeutics Inc. (CRDL), our target price is determined through a comprehensive analysis, taking into account several key factors:
- Revenue Growth: We assess the company’s historical revenue growth and project future trends. Sustainable and robust revenue growth often correlates with positive stock performance.
- Profitability: Analyzing the company’s profitability metrics, such as net income and operating margins, helps in understanding its ability to generate profits, a crucial aspect of CRDL stock valuation.
- Historical Performance: Examining past stock performance provides insights into how the market has reacted to previous financial results and events related to Cardiol Therapeutics Inc.
- Technical Analysis: Utilizing technical indicators and chart patterns aids in understanding potential trends and reversals in the stock price. Patterns like hammer formations, trendlines, and moving averages contribute to the analysis.
- Market Sentiment: Considering market sentiment and consensus among analysts provides additional perspectives on the stock’s future trajectory.
- Industry and Market Trends: Evaluating broader industry trends and market conditions helps in contextualizing Cardiol Therapeutics Inc.’s performance within the larger economic landscape.
Cardiol Therapeutics (CRDL) stock news
Cardiol Therapeutics (NASDAQ: CRDL) is at the forefront of pioneering therapies for inflammatory heart diseases. – READ MORE
Zacks Investment Research highlights compelling reasons to consider investing in Cardiol Therapeutics (CRDL) stock. – READ MORE
Cardiol Therapeutics has announced that the results of a study provide additional support for the anti-fibrotic benefits of its lead candidate, CardiolRx. READ MORE
Conclusion: CRDL Stock Price Forecast
In conclusion, the recent study results endorsing the anti-fibrotic benefits of Cardiol Therapeutics’ lead candidate, CardiolRx, mark a significant stride in the field of heart disease treatment. The findings strengthen the potential of CardiolRx to address fibrosis-related challenges, underlining its promising role in therapeutic interventions. This positive development adds valuable support to Cardiol Therapeutics’ endeavors, paving the way for potential advancements in anti-fibrotic therapies for heart diseases.
DISCLAIMER: Market dynamics are influenced by a combination of technical and fundamental factors, and it’s advisable to stay informed about both aspects for a comprehensive understanding.
What is CRDL Stock Forecast 2025?
Analysts foresee CRDL Stock Forecast 2025 with a median 12-month target of 3.60, ranging from 3.26 to 6.00. This suggests a potential +328.47% increase from the current price of 0.84.
What is CRDL Stock Forecast 2030?
Based on our latest analysis CRDL Stock Forecast 2030 can rise to $20.40 with a median price of $18.00 increase from the current price of 0.84.
What is the target price for CRDL stock in 2024 based on technical indicators?
Based on technical indicators, the current sentiment is Bullish, and CRDL could hit $0.7804 in 2024.
What factors contribute to the bullish case for CRDL stock?
The formation of a hammer pattern indicates potential support, and on the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates enhances prospects of a trend reversal.
What is the median target of analysts for CRDL stock in the next 12 months?
The median target of analysts for CRDL stock in the next 12 months is 3.60, representing a +328.47% increase from the last price of 0.84.
Why is CRDL stock dropping?
A recent downtrend in CRDL stock could witness a trend reversal, as indicated by a hammer chart pattern formed in its last trading session.
Is CRDL a dividend-paying company?
Cardiol Therapeutics Inc (CRDL) does not currently pay a dividend.