Investors Should Take Note Of Cogent Biosciences Inc (COGT)

Cogent Biosciences Inc (COGT) concluded trading on Thursday at a closing price of $8.34, with 3.98 million shares of worth about $33.2 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.13% during that period and on December 12, 2024 the price saw a loss of about -10.03%. Currently the company’s common shares owned by public are about 110.46M shares, out of which, 88.93M shares are available for trading.

Stock saw a price change of -7.23% in past 5 days and over the past one month there was a price change of -19.65%. Year-to-date (YTD), COGT shares are showing a performance of 41.84% which increased to 87.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.90 but also hit the highest price of $12.61 during that period. The average intraday trading volume for Cogent Biosciences Inc shares is 1.28 million. The stock is currently trading -9.46% below its 20-day simple moving average (SMA20), while that difference is down -20.08% for SMA50 and it goes to -6.50% lower than SMA200.

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Cogent Biosciences Inc (NASDAQ: COGT) currently have 110.46M outstanding shares and institutions hold larger chunk of about 91.35% of that.

The stock has a current market capitalization of $921.25M and its 3Y-monthly beta is at 1.72. It has posted earnings per share of -$2.48 in the same period. It has Quick Ratio of 6.44 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COGT, volatility over the week remained 12.25% while standing at 7.08% over the month.

Stock’s fiscal year EPS is expected to drop by -0.41% while it is estimated to increase by 4.93% in next year.

Coverage by Robert W. Baird stated Cogent Biosciences Inc (COGT) stock as a Neutral in their note to investors on February 26, 2024, suggesting a price target of $8 for the stock. On February 08, 2024, Citigroup Initiated their recommendations, while on December 11, 2023, Wedbush Downgrade their ratings for the stock with a price target of $5. Stock get an Overweight rating from JP Morgan on December 08, 2023.

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