Cogent Biosciences Inc (NASDAQ: COGT) is 76.87% higher on its value in year-to-date trading and has touched a low of $3.67 and a high of $12.61 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COGT stock was last observed hovering at around $10.38 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $10.40, the stock is -8.29% and -5.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.61 million and changing 0.19% at the moment leaves the stock 19.74% off its SMA200. COGT registered 55.22% gain for a year compared to 6-month gain of 34.72%. The firm has a 50-day simple moving average (SMA 50) of $11.0774 and a 200-day simple moving average (SMA200) of $8.65545.
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The stock witnessed a -10.88% loss in the last 1 month and extending the period to 3 months gives it a 19.27%, and is -0.76% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.68% over the week and 6.56% over the month.
Cogent Biosciences Inc (COGT) has around 164 employees, a market worth around $1.14B and $0.00M in sales. Distance from 52-week low is 183.38% and -17.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-73.21%).
The EPS is expected to grow by 1.57% this year
The shares outstanding are 86.12M, and float is at 86.06M with Short Float at 9.80%.
The top institutional shareholder in the company is POINT72 ASSET MANAGEMENT, L.P. with over 10.47 million shares valued at $88.27 million. The investor’s holdings represent 10.5506 of the COGT Shares outstanding. As of 2024-06-30, the second largest holder is COMMODORE CAPITAL LP with 9.74 million shares valued at $82.09 million to account for 9.8126 of the shares outstanding. The other top investors are KYNAM CAPITAL MANAGEMENT, LP which holds 9.26 million shares representing 9.3313 and valued at over $78.07 million, while FMR LLC holds 7.7526 of the shares totaling 7.69 million with a market value of $64.86 million.
