Cognition Therapeutics Inc (CGTX): Not A Time To Panic Nor Freeze

Cognition Therapeutics Inc (CGTX) concluded trading on Wednesday at a closing price of $0.60, with 4.01 million shares of worth about $2.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -69.85% during that period and on October 23, 2024 the price saw a gain of about 24.35%. Currently the company’s common shares owned by public are about 40.13M shares, out of which, 33.80M shares are available for trading.

Stock saw a price change of 33.99% in past 5 days and over the past one month there was a price change of 22.90%. Year-to-date (YTD), CGTX shares are showing a performance of -67.57% which decreased to -51.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.34 but also hit the highest price of $2.95 during that period. The average intraday trading volume for Cognition Therapeutics Inc shares is 1.12 million. The stock is currently trading 35.30% above its 20-day simple moving average (SMA20), while that difference is up 7.28% for SMA50 and it goes to -61.95% lower than SMA200.

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Cognition Therapeutics Inc (NASDAQ: CGTX) currently have 40.13M outstanding shares and institutions hold larger chunk of about 13.31% of that.

The stock has a current market capitalization of $24.08M and its 3Y-monthly beta is at 1.36. It has posted earnings per share of -$0.93 in the same period. It has Quick Ratio of 3.07 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CGTX, volatility over the week remained 15.52% while standing at 11.51% over the month.

Stock’s fiscal year EPS is expected to rise by 4.07% while it is estimated to increase by 6.06% in next year.

Coverage by Oppenheimer stated Cognition Therapeutics Inc (CGTX) stock as an Outperform in their note to investors on November 03, 2021, suggesting a price target of $22 for the stock.

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