Cogent Biosciences Inc (NASDAQ:COGT) has a beta value of 1.81 and has seen 1.01 million shares traded in the recent trading session. The company, currently valued at $1.11B, closed the recent trade at $10.17 per share which meant it lost -$1.7 on the day or -14.32% during that session. The COGT stock price is -23.99% off its 52-week high price of $12.61 and 63.91% above the 52-week low of $3.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.95 million shares traded. The 3-month trading volume is 923.86K shares.
The consensus among analysts is that Cogent Biosciences Inc (COGT) is Buy stock at the moment, with a recommendation rating of 1.36. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.57.
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Cogent Biosciences Inc (NASDAQ:COGT) trade information
Sporting -14.32% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the COGT stock price touched $10.17 or saw a rise of 17.32%. Year-to-date, Cogent Biosciences Inc shares have moved 72.96%, while the 5-day performance has seen it change -15.25%. Over the past 30 days, the shares of Cogent Biosciences Inc (NASDAQ:COGT) have changed -5.31%. Short interest in the company has seen 8.58 million shares shorted with days to cover at 9.54.
Wall Street analysts have a consensus price target for the stock at $18.5, which means that the shares’ value could jump 45.03% from the levels at last check today.. The projected low price target is $15.0 while the price target rests at a high of $24.0. In that case, then, we find that the latest price level in today’s session is -135.99% off the targeted high while a plunge would see the stock gain -47.49% from the levels at last check today..
Cogent Biosciences Inc (COGT) estimates and forecasts
Figures show that Cogent Biosciences Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 31.06% over the past 6 months, with this year growth rate of 7.02%, compared to 17.30% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 15.33% over the past 5 years.
COGT Dividends
Cogent Biosciences Inc is expected to release its next earnings report on 2024-Nov-05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cogent Biosciences Inc (NASDAQ:COGT)’s Major holders
The top two institutional holders are POINT72 ASSET MANAGEMENT, L.P. with over 10.47 million shares worth more than $88.27 million. As of 2024-06-30, POINT72 ASSET MANAGEMENT, L.P. held 10.5506% of shares outstanding.
The other major institutional holder is COMMODORE CAPITAL LP, with the holding of over 9.74 million shares as of 2024-06-30. The firm’s total holdings are worth over $82.09 million and represent 9.8126% of shares outstanding.
