Cognition Therapeutics Inc (NASDAQ: CGTX) is 21.60% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CGTX stock was last observed hovering at around $0.75 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $0.85, the stock is 39.92% and 61.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.09 million and changing 12.95% at the moment leaves the stock -27.90% off its SMA200. CGTX registered -56.71% loss for a year compared to 6-month loss of -54.64%. The firm has a 50-day simple moving average (SMA 50) of $0.52304 and a 200-day simple moving average (SMA200) of $1.188365.
The stock witnessed a 124.42% gain in the last 1 month and extending the period to 3 months gives it a 96.05%, and is 1.52% up 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 14.82% over the week and 19.85% over the month.
Cognition Therapeutics Inc (CGTX) has around 28 employees, a market worth around $37.00M and $0.00M in sales. Distance from 52-week low is 150.82% and -71.09% 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 -0.78% 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 40.81M, and float is at 35.21M with Short Float at 4.16%. 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’sCEO & 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.
