Are analysts optimistic about Cogent Biosciences Inc.’s (NASDAQ:COGT) stock?

The price of Cogent Biosciences Inc. (NASDAQ: COGT) closed at $11.61 in the last session, up 4.31% from day before closing price of $11.13. In other words, the price has increased by $+0.48 from its previous closing price. On the day, 650400 shares were traded. COGT stock price reached its highest trading level at $11.77 during the session, while it also had its lowest trading level at $11.07.

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We take a closer look at COGT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 10.70 and its Current Ratio is at 10.70. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 16 when Fairmount Funds Management LLC bought 1,200,000 shares for $8.25 per share. The transaction valued at 9,900,000 led to the insider holds 2,472,124 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, COGT now has a Market Capitalization of 818.02M and an Enterprise Value of 644.22M.

Stock Price History:

Over the past 52 weeks, COGT has reached a high of $18.07, while it has fallen to a 52-week low of $4.13. The 50-Day Moving Average of the stock is 11.01, while the 200-Day Moving Average is calculated to be 12.87.

Shares Statistics:

According to the various share statistics, COGT traded on average about 637.84K shares per day over the past 3-months and 636.81k shares per day over the past 10 days. A total of 70.73M shares are outstanding, with a floating share count of 69.89M. Shares short for COGT as of Apr 27, 2023 were 5.31M with a Short Ratio of 5.31M, compared to 6.17M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.48% and a Short% of Float of 7.78%.

Earnings Estimates

The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.55 for the current quarter, with a high estimate of -$0.46 and a low estimate of -$0.64, while EPS last year was -$0.71. The consensus estimate for the next quarter is -$0.55, with high estimates of -$0.4 and low estimates of -$0.69.

Analysts are recommending an EPS of between -$1.8 and -$2.62 for the fiscal current year, implying an average EPS of -$2.17. EPS for the following year is -$2.12, with 7 analysts recommending between -$1.56 and -$2.63.