In the latest session, Cogent Biosciences Inc (NASDAQ: COGT) closed at $6.89 up 2.07% from its previous closing price of $6.75. In other words, the price has increased by $+0.14 from its previous closing price. On the day, 1017345 shares were traded.
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 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 645.39M and an Enterprise Value of 458.57M.
Stock Price History:
The Beta on a monthly basis for COGT is 1.58, which has changed by -36.33% over the last 52 weeks, in comparison to a change of 26.95% over the same period for the S&P500. 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 6.62, while the 200-Day Moving Average is calculated to be 8.57.
Shares Statistics:
For the past three months, COGT has traded an average of 2.24M shares per day and 1.37M over the past ten days. A total of 103.91M shares are outstanding, with a floating share count of 87.22M. Insiders hold about 16.06% of the company’s shares, while institutions hold 75.78% stake in the company. Shares short for COGT as of Mar 15, 2024 were 9.63M with a Short Ratio of 4.30, compared to 6.24M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.27% and a Short% of Float of 9.52%.
Earnings Estimates
There are 9 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.51 for the current quarter, with a high estimate of -$0.4 and a low estimate of -$0.59, while EPS last year was -$0.54. The consensus estimate for the next quarter is -$0.49, with high estimates of -$0.33 and low estimates of -$0.59.
Analysts are recommending an EPS of between -$1.41 and -$2.42 for the fiscal current year, implying an average EPS of -$2. EPS for the following year is -$1.99, with 9 analysts recommending between -$1.39 and -$2.7.
