Market Recap Check: Cg Oncology Inc. (CGON)’s Negative Finish at 31.43, Up/Down -2.12

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The price of Cg Oncology Inc. (NASDAQ: CGON) closed at $31.43 in the last session, down -2.12% from day before closing price of $32.11. In other words, the price has decreased by -$2.12 from its previous closing price. On the day, 1.98 million shares were traded. CGON stock price reached its highest trading level at $32.86 during the session, while it also had its lowest trading level at $31.04.

Ratios:

We take a closer look at CGON’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 57.95 and its Current Ratio is at 57.95. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

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 this company, Morgan Stanley on February 20, 2024, initiated with a Overweight rating and assigned the stock a target price of $55.

On February 20, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $42.

On February 20, 2024, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $75.Cantor Fitzgerald initiated its Overweight rating on February 20, 2024, with a $75 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 29 ’24 when Decheng Capital Global Life Sc bought 400,000 shares for $19.00 per share. The transaction valued at 7,600,000 led to the insider holds 400,000 shares of the business.

Song Hong Fang bought 263,157 shares of CGON for $4,999,983 on Jan 29 ’24. The Director now owns 613,928 shares after completing the transaction at $19.00 per share. On Jan 29 ’24, another insider, Roche Corleen M., who serves as the CFO & Secretary of the company, bought 2,000 shares for $19.00 each. As a result, the insider paid 38,000 and bolstered with 2,000 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CGON now has a Market Capitalization of 2094501504 and an Enterprise Value of 1528395904. Its current Enterprise Value per Revenue stands at 2835.614 whereas that against EBITDA is -22.417.

Stock Price History:

Over the past 52 weeks, CGON has reached a high of $50.23, while it has fallen to a 52-week low of $25.77. The 50-Day Moving Average of the stock is -8.66%, while the 200-Day Moving Average is calculated to be -16.39%.

Shares Statistics:

According to the various share statistics, CGON traded on average about 610.69K shares per day over the past 3-months and 658410 shares per day over the past 10 days. A total of 66.64M shares are outstanding, with a floating share count of 40.71M. Insiders hold about 38.90% of the company’s shares, while institutions hold 43.78% stake in the company. Shares short for CGON as of 1715731200 were 2818542 with a Short Ratio of 5.95, compared to 1713139200 on 2801733. Therefore, it implies a Short% of Shares Outstanding of 2818542 and a Short% of Float of 4.2700000000000005.

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