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AI CODX Forecast


Price Forecast:


Bearish   <->   Bullish

Bullish Case: Co-Diagnostics may see significant price recovery due to anticipated FDA approvals and growth from NIH RADx projects. Increased demand for diagnostics, especially respiratory tests, could further drive prices.

Bearish Case: Continued regulatory issues and negative public perception may hamper CODX's growth, especially after recent SEC fines. Stagnant revenues could lead to further investor distrust and price declines.

Potential Outcomes:

1. Successful FDA approval of new tests (40%).

2. Ongoing regulatory challenges leading to stock decline (35%).

3. Growth due to increased respiratory test demand (25%).

Trading Oracle: Consider executing a bullish debit spread using CODX 1.50 Call and selling CODX 2.00 Call for September 20, 2024—captures high implied volatility benefits while limiting risk. Target high reward to risk ratio.

September 06, 2024


Co-Diagnostics Forecast

CODX      Co-Diagnostics

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