In last trading session, Cogent Biosciences Inc (NASDAQ:COGT) saw 1.51 million shares changing hands with its beta currently measuring 1.73. Company’s recent per share price level of $7.64 trading at -$0.55 or -6.72% at ring of the bell on the day assigns it a market valuation of $843.93M. That closing price of COGT’s stock is at a discount of -65.05% from its 52-week high price of $12.61 and is indicating a premium of 43.98% from its 52-week low price of $4.28. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.21 million shares which gives us an average trading volume of 1.35 million if we extend that period to 3-months.
For Cogent Biosciences Inc (COGT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.55. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.57 in the current quarter.
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Cogent Biosciences Inc (NASDAQ:COGT) trade information
Upright in the red during last session for losing -6.72%, in the last five days COGT remained trading in the red while hitting it’s week-highest on Thursday, 12/12/24 when the stock touched $7.64 price level, adding 17.49% to its value on the day. Cogent Biosciences Inc’s shares saw a change of 29.93% in year-to-date performance and have moved -17.58% in past 5-day. Cogent Biosciences Inc (NASDAQ:COGT) showed a performance of -15.02% in past 30-days. Number of shares sold short was 8.42 million shares which calculate 5.91 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 16 to the stock, which implies a rise of 52.25% to its current value. Analysts have been projecting 15 as a low price target for the stock while placing it at a high target of 17. It follows that stock’s current price would drop -96.34% in reaching the projected high whereas dropping to the targeted low would mean a loss of -96.34% for stock’s current value.
Cogent Biosciences Inc (COGT) estimates and forecasts
Statistics highlight that Cogent Biosciences Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -8.61% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 17.30.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 15.33% during past 5 years.
Cogent Biosciences Inc (NASDAQ:COGT)’s Major holders
POINT72 ASSET MANAGEMENT, L.P. is the top institutional holder at COGT for having 10.47 million shares of worth $88.27 million. And as of 2024-06-30, it was holding 10.5506 of the company’s outstanding shares.
The second largest institutional holder is COMMODORE CAPITAL LP, which was holding about 9.74 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.8126 of outstanding shares, having a total worth of $82.09 million.
