Is Cogent Biosciences Inc (COGT) positioned for future growth?

With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.98 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $10.77 whereas the lowest price it dropped to was $10.33. The 52-week range on COGT shows that it touched its highest point at $12.27 and its lowest point at $3.67 during that stretch. It currently has a 1-year price target of $16.45. Beta for the stock currently stands at 1.73.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COGT was up-trending over the past week, with a rise of 1.53%, but this was up by 24.77% over a month. Three-month performance surged to 18.37% while six-month performance rose 62.54%. The stock lost -7.57% in the past year, while it has gained 80.78% so far this year. A look at the trailing 12-month EPS for COGT yields -2.48 with Next year EPS estimates of -2.30. For the next quarter, that number is -0.57. This implies an EPS growth rate of 4.15% for this year and 0.98% for next year.

Float and Shares Shorts:

At present, 86.12 million COGT shares are outstanding with a float of 86.06 million shares on hand for trading. On 2024-08-30, short shares totaled 10.25 million, which was 937.0000000000001 higher than short shares on 1722384000. In addition to Mr. Andrew R. Robbins M.B.A. as the firm’s President, CEO & Director, Dr. John Edward Robinson Ph.D. serves as its Chief Scientific Officer.

Institutional Ownership:

Through their ownership of 1.1237301 of COGT’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, COGT reported revenue of $0.0 and operating income of -$64387000.0. The EBITDA in the recently reported quarter was -$63307000.0 and diluted EPS was -$0.59.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COGT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.