Market Insights: Cogent Biosciences Inc (COGT)’s Notable Gain of 5.14, Closing at 8.79

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As of close of business last night, Cogent Biosciences Inc’s stock clocked out at $8.79, up 5.14% from its previous closing price of $8.36. In other words, the price has increased by $5.14 from its previous closing price. On the day, 7.44 million shares were traded. COGT stock price reached its highest trading level at $9.04 during the session, while it also had its lowest trading level at $8.25.

Ratios:

To gain a deeper understanding of COGT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 12.05 and its Current Ratio is at 12.05. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.04.

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 961124992 and an Enterprise Value of 645377728.

Stock Price History:

Over the past 52 weeks, COGT has reached a high of $13.36, while it has fallen to a 52-week low of $3.67. The 50-Day Moving Average of the stock is 15.90%, while the 200-Day Moving Average is calculated to be 17.47%.

Shares Statistics:

It appears that COGT traded 1.29M shares on average per day over the past three months and 1883270 shares per day over the past ten days. A total of 86.12M shares are outstanding, with a floating share count of 76.11M. Insiders hold about 20.40% of the company’s shares, while institutions hold 97.01% stake in the company. Shares short for COGT as of 1715731200 were 13460722 with a Short Ratio of 11.16, compared to 1713139200 on 12470238. Therefore, it implies a Short% of Shares Outstanding of 13460722 and a Short% of Float of 15.840000000000002.

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