With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.06 million shares. The 52-week range on CGTX shows that it touched its highest point at $2.54 and its lowest point at $0.22 during that stretch. It currently has a 1-year price target of $3.25. Beta for the stock currently stands at 0.73.
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 CGTX was up-trending over the past week, with a rise of 23.56%, but this was down by -16.75% over a month. Three-month performance dropped to -31.10% while six-month performance fell -23.68%. The stock lost -84.38% in the past year, while it has lost -57.89% so far this year. A look at the trailing 12-month EPS for CGTX yields -0.73 with Next year EPS estimates of -0.28. For the next quarter, that number is -0.10. This implies an EPS growth rate of 52.62% for this year and 31.29% for next year. EPS is expected to grow by 32.88% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -16.44%.
Float and Shares Shorts:
At present, 61.97 million CGTX shares are outstanding with a float of 50.25 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 CGTX since 3 analysts follow the stock currently. There are 3 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 -$0.63679 being high and -$0.89357 being low. For CGTX, this leads to a yearly average estimate of -$0.82167. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.12. The average estimate for the next quarter is thus -$0.09.
