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The closing price of Cogent Biosciences Inc (NASDAQ: COGT) was $7.88 for the day, up 1.03% from the previous closing price of $7.80. In other words, the price has increased by $1.03 from its previous closing price. On the day, 1.27 million shares were traded. COGT stock price reached its highest trading level at $8.2 during the session, while it also had its lowest trading level at $7.77.
Ratios:
Our analysis of COGT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 6.44 and its Current Ratio is at 6.44. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
On February 26, 2024, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform and also lowered its target price recommendation from $14 to $8.
On February 08, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $11.Citigroup initiated its Buy rating on February 08, 2024, with a $11 target price.
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 870440576 and an Enterprise Value of 663348416.
Stock Price History:
Over the past 52 weeks, COGT has reached a high of $12.61, while it has fallen to a 52-week low of $4.28. The 50-Day Moving Average of the stock is -16.82%, while the 200-Day Moving Average is calculated to be -12.41%.
Shares Statistics:
COGT traded an average of 1.41M shares per day over the past three months and 1304190 shares per day over the past ten days. A total of 110.46M shares are outstanding, with a floating share count of 88.93M. Insiders hold about 19.50% of the company’s shares, while institutions hold 91.37% stake in the company. Shares short for COGT as of 1734048000 were 7297109 with a Short Ratio of 5.16, compared to 1731628800 on 7715700. Therefore, it implies a Short% of Shares Outstanding of 7297109 and a Short% of Float of 7.31.
