Cognyte Software Ltd (NASDAQ: CGNT) closed the day trading at $7.27 down -13.56% from the previous closing price of $8.41. In other words, the price has decreased by -$1.14 from its previous closing price. On the day, 2531125 shares were traded.
Ratios:
For a better understanding of CGNT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.68. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 1.39. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.14.
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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CGNT now has a Market Capitalization of 516.85M and an Enterprise Value of 452.97M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 2.61. Its current Enterprise Value per Revenue stands at 1.50 whereas that against EBITDA is -61.76.
Stock Price History:
Over the past 52 weeks, CGNT has reached a high of $8.53, while it has fallen to a 52-week low of $3.31. The 50-Day Moving Average of the stock is 7.57, while the 200-Day Moving Average is calculated to be 5.79.
Shares Statistics:
Over the past 3-months, CGNT traded about 431.79K shares per day on average, while over the past 10 days, CGNT traded about 471.13k shares per day. A total of 71.00M shares are outstanding, with a floating share count of 65.05M. Insiders hold about 7.57% of the company’s shares, while institutions hold 66.48% stake in the company. Shares short for CGNT as of Mar 15, 2024 were 435.23k with a Short Ratio of 1.01, compared to 365.29k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.62% and a Short% of Float of 0.63%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of -$0.27 for the current quarter, with a high estimate of -$0.25 and a low estimate of -$0.29, while EPS last year was -$0.16. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$0.23 and -$0.23 for the fiscal current year, implying an average EPS of -$0.23. EPS for the following year is -$0.18, with 1 analysts recommending between -$0.18 and -$0.18.
Revenue Estimates
2 analysts predict $80.11M in revenue for the current quarter. It ranges from a high estimate of $81.21M to a low estimate of $79M. As of the current estimate, Cognyte Software Ltd’s year-ago sales were $73.57M, an estimated increase of 8.90% from the year-ago figure.
A total of 3 analysts have provided revenue estimates for CGNT’s current fiscal year. The highest revenue estimate was $311.3M, while the lowest revenue estimate was $311M, resulting in an average revenue estimate of $311.11M. In the same quarter a year ago, actual revenue was $313.11M, down -0.60% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $333.46M in the next fiscal year. The high estimate is $338.3M and the low estimate is $328.2M. The average revenue growth estimate for next year is up 7.20% from the average revenue estimate for this year.
