Ratios Reveal: Breaking Down Cogent Communications Holdings Inc (CCOI)’s Financial Health

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Cogent Communications Holdings Inc (NASDAQ: CCOI) closed the day trading at $61.70 down -2.68% from the previous closing price of $63.40. In other words, the price has decreased by -$2.68 from its previous closing price. On the day, 0.88 million shares were traded. CCOI stock price reached its highest trading level at $64.3599 during the session, while it also had its lowest trading level at $58.45.


For a better understanding of CCOI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.38 and its Current Ratio is at 1.38. In the meantime, Its Debt-to-Equity ratio is 3.00 whereas as Long-Term Debt/Eq ratio is at 2.78.

On August 21, 2023, Goldman Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $43 to $64.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 15 ’24 when SCHAEFFER DAVE sold 26,174 shares for $64.21 per share. The transaction valued at 1,680,633 led to the insider holds 4,653,203 shares of the business.

SCHAEFFER DAVE sold 30,000 shares of CCOI for $2,025,600 on Mar 13 ’24. The CHAIRMAN, CEO, AND PRESIDENT now owns 4,679,377 shares after completing the transaction at $67.52 per share. On Mar 06 ’24, another insider, SCHAEFFER DAVE, who serves as the CHAIRMAN, CEO, AND PRESIDENT of the company, sold 8,826 shares for $72.55 each. As a result, the insider received 640,326 and left with 4,815,764 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, CCOI now has a Market Capitalization of 3025650688 and an Enterprise Value of 4718515200. As of this moment, Cogent’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.11 while its Price-to-Book (P/B) ratio in mrq is 4.92. Its current Enterprise Value per Revenue stands at 5.297 whereas that against EBITDA is 38.876.

Stock Price History:

Over the past 52 weeks, CCOI has reached a high of $86.00, while it has fallen to a 52-week low of $57.35. The 50-Day Moving Average of the stock is -6.10%, while the 200-Day Moving Average is calculated to be -9.32%.

Shares Statistics:

Over the past 3-months, CCOI traded about 471.88K shares per day on average, while over the past 10 days, CCOI traded about 370840 shares per day. A total of 48.61M shares are outstanding, with a floating share count of 42.29M. Insiders hold about 10.83% of the company’s shares, while institutions hold 92.81% stake in the company. Shares short for CCOI as of 1713139200 were 2884604 with a Short Ratio of 6.11, compared to 1710460800 on 3134175. Therefore, it implies a Short% of Shares Outstanding of 2884604 and a Short% of Float of 9.24.

Dividends & Splits

CCOI’s forward annual dividend rate is 3.80, up from 3.76 a year ago. Against a Trailing Annual Dividend Yield of 0.059305992The stock’s 5-year Average Dividend Yield is 4.73.

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