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In the latest session, Cogent Biosciences Inc (NASDAQ: COGT) closed at $8.50 down -0.93% from its previous closing price of $8.58. In other words, the price has decreased by -$0.93 from its previous closing price. On the day, 0.68 million shares were traded. COGT stock price reached its highest trading level at $8.77 during the session, while it also had its lowest trading level at $8.39.
Ratios:
For a deeper understanding of Cogent Biosciences Inc’s stock, let’s take a closer look at its various 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 939088512 and an Enterprise Value of 699416960.
Stock Price History:
Over the past 52 weeks, COGT has reached a high of $13.23, while it has fallen to a 52-week low of $3.67. The 50-Day Moving Average of the stock is -3.39%, while the 200-Day Moving Average is calculated to be 17.46%.
Shares Statistics:
For the past three months, COGT has traded an average of 1.09M shares per day and 710640 over the past ten days. A total of 109.45M shares are outstanding, with a floating share count of 86.69M. Insiders hold about 20.79% of the company’s shares, while institutions hold 83.89% stake in the company. Shares short for COGT as of 1721001600 were 10388106 with a Short Ratio of 9.31, compared to 1718323200 on 14316454. Therefore, it implies a Short% of Shares Outstanding of 10388106 and a Short% of Float of 10.520000999999999.
