In today’s recent session, 0.91 million shares of the Cogent Biosciences Inc (NASDAQ:COGT) have been traded, and its beta is 1.73. Most recently the company’s share price was $8.86, and it changed around -$0.64 or -6.77% from the last close, which brings the market valuation of the company to $978.35M. COGT at last check was trading at a discount to its 52-week high of $12.61, offering almost -42.33% off that amount. The share price’s 52-week low was $3.67, which indicates that the recent value has risen by an impressive 58.58% since then. We note from Cogent Biosciences Inc’s average daily trading volume that its 10-day average is 1.97 million shares, with the 3-month average coming to 1.26 million.
Cogent Biosciences Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.55. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 2 recommended COGT as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Cogent Biosciences Inc is expected to report earnings per share of -0.58 for the current quarter.
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Cogent Biosciences Inc (NASDAQ:COGT) trade information
Instantly COGT has been showing red trend so far today with a performance of -6.77% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 10.55 on recent trading dayincreased the stock’s daily price by 16.02%. The company’s shares are currently up 50.63% year-to-date, but still down -3.83% over the last five days. On the other hand, Cogent Biosciences Inc (NASDAQ:COGT) is -14.84% down in the 30-day period. We can see from the shorts that 8.42 million shares have been sold at a short interest cover period of 5.91 day(s).
The consensus price target as assigned by Wall Street analysts is $16, which translates to bulls needing to increase their stock price by 44.62% from its current value. Analyst projections state that COGT is forecast to be at a low of $15 and a high of $17.
Cogent Biosciences Inc (COGT) estimates and forecasts
Cogent Biosciences Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -2.03 percent over the past six months and at a 0.83% annual growth rate that is well below the industry average of 17.20%. Forecasts for the next quarter put sales growth at 0.00%. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 15.33%.
Cogent Biosciences Inc (NASDAQ:COGT)’s Major holders
COMMODORE CAPITAL LP, with 9.8126% or 9.74 million shares worth $82.09 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
