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After finishing at $11.11 in the prior trading day, Cogent Biosciences Inc (NASDAQ: COGT) closed at $10.74, down -3.33%. In other words, the price has decreased by -$3.33 from its previous closing price. On the day, 0.55 million shares were traded. COGT stock price reached its highest trading level at $11.25 during the session, while it also had its lowest trading level at $10.73.
Ratios:
Our goal is to gain a better understanding of COGT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.25 and its Current Ratio is at 9.25. In the meantime, Its Debt-to-Equity ratio is 0.05 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 1175492992 and an Enterprise Value of 944585984.
Stock Price History:
Over the past 52 weeks, COGT has reached a high of $12.14, while it has fallen to a 52-week low of $3.67. The 50-Day Moving Average of the stock is 6.10%, while the 200-Day Moving Average is calculated to be 37.15%.
Shares Statistics:
The stock has traded on average 822.29K shares per day over the past 3-months and 845210 shares per day over the last 10 days, according to various share statistics. A total of 86.12M shares are outstanding, with a floating share count of 86.06M. Insiders hold about 21.37% of the company’s shares, while institutions hold 90.07% stake in the company. Shares short for COGT as of 1726185600 were 9725371 with a Short Ratio of 11.83, compared to 1723680000 on 10230915. Therefore, it implies a Short% of Shares Outstanding of 9725371 and a Short% of Float of 9.8400004.
