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The price of Cogent Biosciences Inc (NASDAQ: COGT) closed at $7.57 in the last session, down -3.44% from day before closing price of $7.84. In other words, the price has decreased by -$3.44 from its previous closing price. On the day, 2.45 million shares were traded. COGT stock price reached its highest trading level at $7.82 during the session, while it also had its lowest trading level at $6.6.
Ratios:
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 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 866023168 and an Enterprise Value of 629105280.
Stock Price History:
The Beta on a monthly basis for COGT is 1.77, which has changed by 0.66101694 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. 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 -16.51%, while the 200-Day Moving Average is calculated to be -16.24%.
Shares Statistics:
According to the various share statistics, COGT traded on average about 1.45M shares per day over the past 3-months and 1176420 shares per day over the past 10 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 5.50, compared to 1731628800 on 7715700. Therefore, it implies a Short% of Shares Outstanding of 7297109 and a Short% of Float of 7.31.
