During the last session, Cogent Biosciences Inc (NASDAQ:COGT)’s traded shares were 0.81 million, with the beta value of the company hitting 1.72. At the end of the trading day, the stock’s price was $11.72, reflecting an intraday gain of 2.00% or $0.23. The 52-week high for the COGT share is $12.61, that puts it down -7.59 from that peak though still a striking 68.69% gain since the share price plummeted to a 52-week low of $3.67. The company’s market capitalization is $1.28B, and the average intraday trading volume over the past 10 days was 0.93 million shares, and the average trade volume was 919.93K shares over the past three months.
Cogent Biosciences Inc (COGT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.36. COGT has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.57.
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Cogent Biosciences Inc (NASDAQ:COGT) trade information
Cogent Biosciences Inc (COGT) registered a 2.00% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.00% in intraday trading to $11.72, hitting a weekly high. The stock’s 5-day price performance is -2.09%, and it has moved by 11.09% in 30 days. Based on these gigs, the overall price performance for the year is 43.10%. The short interest in Cogent Biosciences Inc (NASDAQ:COGT) is 8.58 million shares and it means that shorts have 9.54 day(s) to cover.
The consensus price target of analysts on Wall Street is $18.5, which implies an increase of 36.65% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $24 respectively. As a result, COGT is trading at a discount of -104.78% off the target high and -27.99% off the low.
Cogent Biosciences Inc (COGT) estimates and forecasts
Statistics show that Cogent Biosciences Inc has underperformed its competitors in share price, compared to the industry in which it operates. Cogent Biosciences Inc (COGT) shares have gone up 55.64% during the last six months, with a year-to-date growth rate less than the industry average at 7.02% against 17.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 10.90% this quarter and then jump 9.50% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.33%. While earnings are projected to return 4.11% in 2024.
COGT Dividends
Cogent Biosciences Inc is due to release its next quarterly earnings on 2024-Nov-01. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 9.74 million shares, is of COMMODORE CAPITAL LP’s that is approximately 9.8126% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $82.09 million.
