With 0.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.32 million shares. The 52-week range on COGT shows that it touched its highest point at $12.61 and its lowest point at $3.72 during that stretch. It currently has a 1-year price target of $16.36. Beta for the stock currently stands at 1.77.
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 down-trending over the past week, with a drop of -2.92%, but this was up by 13.96% over a month. Three-month performance dropped to -38.52% while six-month performance fell -52.12%. The stock lost -35.49% in the past year, while it has lost -36.15% so far this year. A look at the trailing 12-month EPS for COGT yields -2.38 with Next year EPS estimates of -1.89. For the next quarter, that number is -0.61. This implies an EPS growth rate of 5.94% for this year and 18.23% for next year. EPS is expected to grow by 29.63% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.02%.
Float and Shares Shorts:
At present, 113.86 million COGT shares are outstanding with a float of 94.03 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COGT since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.28905 being high and -$2.52895 being low. For COGT, this leads to a yearly average estimate of -$2.419. Based on analyst estimates, the high estimate for the next quarter is -$0.31 and the low estimate is -$0.67. The average estimate for the next quarter is thus -$0.53.
