There are many powerful catalysts in the market: Cognyte Software Ltd. (CGNT) can be one of them

Cognyte Software Ltd. (NASDAQ: CGNT) closed the day trading at $3.92 up 4.81% from the previous closing price of $3.74. In other words, the price has increased by $+0.1800 from its previous closing price. On the day, 658070 shares were traded. CGNT stock price reached its highest trading level at $3.9500 during the session, while it also had its lowest trading level at $3.7050.

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For a better understanding of CGNT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on September 29, 2022, Downgraded its rating to Hold and sets its target price to $6 from $8 previously.

On June 29, 2022, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also lowered its target price recommendation from $12 to $5.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 1.25.

Stock Price History:

Over the past 52 weeks, CGNT has reached a high of $12.82, while it has fallen to a 52-week low of $2.31. The 50-Day Moving Average of the stock is 3.0902, while the 200-Day Moving Average is calculated to be 4.7342.

Shares Statistics:

Over the past 3-months, CGNT traded about 1.05M shares per day on average, while over the past 10 days, CGNT traded about 677.17k shares per day. A total of 68.08M shares are outstanding, with a floating share count of 66.31M. Insiders hold about 1.71% of the company’s shares, while institutions hold 87.80% stake in the company. Shares short for CGNT as of Oct 13, 2022 were 1.45M with a Short Ratio of 0.79M, compared to 1.41M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.14% and a Short% of Float of 2.18%.

Earnings Estimates

Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.2 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.28, while EPS last year was $0.21. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.07 and low estimates of -$0.18.

Analysts are recommending an EPS of between -$0.99 and -$1.2 for the fiscal current year, implying an average EPS of -$1.12. EPS for the following year is -$0.64, with 4 analysts recommending between -$0.38 and -$0.86.

Revenue Estimates

A total of 5 analysts have provided revenue estimates for CGNT’s current fiscal year. The highest revenue estimate was $334.2M, while the lowest revenue estimate was $329.1M, resulting in an average revenue estimate of $331.08M. In the same quarter a year ago, actual revenue was $475.57M, down -30.40% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $327.65M in the next fiscal year. The high estimate is $335.27M and the low estimate is $320.83M. The average revenue growth estimate for next year is down -1.00% from the average revenue estimate for this year.