With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.41 million shares. The 52-week range on CGNT shows that it touched its highest point at $11.65 and its lowest point at $6.21 during that stretch. It currently has a 1-year price target of $10.00. Beta for the stock currently stands at 1.72.
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 CGNT was down-trending over the past week, with a drop of -15.98%, but this was down by -3.88% over a month. Three-month performance surged to 10.32% while six-month performance rose 14.48%. The stock gained 15.74% in the past year, while it has gained 8.79% so far this year. A look at the trailing 12-month EPS for CGNT yields -0.11 with Next year EPS estimates of 0.27. For the next quarter, that number is 0.03. This implies an EPS growth rate of 208.33% for this year and 45.95% for next year.
Float and Shares Shorts:
At present, 72.88 million CGNT shares are outstanding with a float of 60.17 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 CGNT since 2 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 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 -$0.23498 being high and -$0.23502 being low. For CGNT, this leads to a yearly average estimate of -$0.235.
