Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, Cogent Biosciences Inc’s stock clocked out at $7.76, up 2.51% from its previous closing price of $7.57. In other words, the price has increased by $2.51 from its previous closing price. On the day, 0.72 million shares were traded. COGT stock price reached its highest trading level at $7.8 during the session, while it also had its lowest trading level at $7.23.
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 7.09 and its Current Ratio is at 7.09. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.07.
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.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 09 ’23 when Fairmount Funds Management LLC bought 800,000 shares for $12.00 per share. The transaction valued at 9,600,000 led to the insider holds 3,272,124 shares of the business.
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 741960000 and an Enterprise Value of 599802432.
Stock Price History:
Over the past 52 weeks, COGT has reached a high of $13.50, while it has fallen to a 52-week low of $3.67. The 50-Day Moving Average of the stock is 14.99%, while the 200-Day Moving Average is calculated to be -4.30%.
Shares Statistics:
It appears that COGT traded 2.11M shares on average per day over the past three months and 1430870 shares per day over the past ten days. A total of 86.12M shares are outstanding, with a floating share count of 84.57M. Insiders hold about 11.55% of the company’s shares, while institutions hold 79.90% stake in the company. Shares short for COGT as of 1713139200 were 12470238 with a Short Ratio of 5.92, compared to 1710460800 on 9633534. Therefore, it implies a Short% of Shares Outstanding of 12470238 and a Short% of Float of 14.680000000000001.
