Cognition Therapeutics Inc (NASDAQ: CGTX) is -78.27% lower on its value in year-to-date trading and has touched a low of $0.34 and a high of $2.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CGTX stock was last observed hovering at around $0.40 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.40, the stock is -14.40% and -14.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing 1.03% at the moment leaves the stock -70.19% off its SMA200. CGTX registered -62.43% loss for a year compared to 6-month loss of -79.38%. The firm has a 50-day simple moving average (SMA 50) of $0.47088 and a 200-day simple moving average (SMA200) of $1.348505.
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The stock witnessed a -24.29% gain in the last 1 month and extending the period to 3 months gives it a -43.49%, and is -8.59% 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 12.02% over the week and 9.35% over the month.
Cognition Therapeutics Inc (CGTX) has around 28 employees, a market worth around $16.87M and $0.00M in sales. Distance from 52-week low is 18.24% and -86.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-230.40%).
The EPS is expected to shrink by -0.81% this year.
Cognition Therapeutics Inc (CGTX) Top Institutional Holders
41.0 institutions hold shares in Cognition Therapeutics Inc (CGTX), with institutional investors hold 24.67% of the company’s shares. The shares outstanding are 41.55M, and float is at 34.99M with Short Float at 2.07%. Institutions hold 24.53% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 1.15 million shares valued at $1.9 million. The investor’s holdings represent 3.4016% of the CGTX Shares outstanding. As of 2024-06-30, the second largest holder is AWM INVESTMENT COMPANY, INC. with 0.65 million shares valued at $1.08 million to account for 1.9268 of the shares outstanding. The other top investors are ALYESKA INVESTMENT GROUP, L.P. which holds 0.5 million shares representing 1.4821% and valued at over $0.83 million, while TIMELO INVESTMENT MANAGEMENT INC. holds 1.0713 of the shares totaling 0.36 million with a market value of $0.6 million.
Cognition Therapeutics Inc (CGTX) Insider Activity
The most recent transaction is an insider purchase by Ricciardi Lisa, the company’s CEO & President. SEC filings show that Ricciardi Lisa bought 5,700 shares of the company’s common stock on Mar 14 ’24 at a price of $1.75 per share for a total of $9975.0. Following the purchase, the insider now owns 0.29 million shares.
