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The closing price of Cogent Biosciences Inc (NASDAQ: COGT) was $8.99 for the day, up 1.01% from the previous closing price of $8.90. In other words, the price has increased by $1.01 from its previous closing price. On the day, 2.82 million shares were traded. COGT stock price reached its highest trading level at $9.075 during the session, while it also had its lowest trading level at $8.56.
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.
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, Robert W. Baird on February 26, 2024, Downgraded its rating to Neutral and sets its target price to $8 from $14 previously.
On February 08, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $11.
Wedbush Downgraded its Outperform to Neutral on December 11, 2023, while the target price for the stock was maintained at $5.
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 993053376 and an Enterprise Value of 776019392.
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 $3.67. The 50-Day Moving Average of the stock is -17.93%, while the 200-Day Moving Average is calculated to be 2.69%.
Shares Statistics:
COGT traded an average of 1.08M shares per day over the past three months and 1709860 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 91.31% stake in the company. Shares short for COGT as of 1730332800 were 8431134 with a Short Ratio of 7.80, compared to 1727654400 on 8298445. Therefore, it implies a Short% of Shares Outstanding of 8431134 and a Short% of Float of 8.53.
