Cogent Communications Holdings Inc (NASDAQ: CCOI) is -5.80% lower on its value in year-to-date trading and has touched a low of $50.80 and a high of $86.76 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 CCOI stock was last observed hovering at around $72.20 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $72.60, the stock is -2.54% and -6.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing 0.55% at the moment leaves the stock 4.09% off its SMA200. CCOI registered -1.32% loss for a year compared to 6-month gain of 11.28%. The firm has a 50-day simple moving average (SMA 50) of $77.8504 and a 200-day simple moving average (SMA200) of $69.75055.
The stock witnessed a -4.69% loss in the last 1 month and extending the period to 3 months gives it a -13.22%, and is 1.21% 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 2.08% over the week and 3.03% over the month.
Cogent Communications Holdings Inc (CCOI) has around 1947 employees, a market worth around $3.56B and $1.06B in sales. Current P/E ratio is 93.33. Profit margin for the company is 3.73%. Distance from 52-week low is 42.91% and -16.32% from its 52-week high. The company has generated returns on investments over the last 12 months (1.58%).
with sales reaching $258.48M over the same period.The EPS is expected to shrink by -117.69% this year, but quarterly earnings will post 10.88% year-over-year. Quarterly sales are estimated to shrink -5.00% in year-over-year returns.
Cogent Communications Holdings Inc (CCOI) Top Institutional Holders
415.0 institutions hold shares in Cogent Communications Holdings Inc (CCOI), with institutional investors hold 107.08% of the company’s shares. The shares outstanding are 49.01M, and float is at 44.02M with Short Float at 8.22%. Institutions hold 96.63% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.81 million shares valued at $384.6 million. The investor’s holdings represent 14.3711% of the CCOI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.09 million shares valued at $287.14 million to account for 10.7293 of the shares outstanding. The other top investors are STATE STREET CORP which holds 1.73 million shares representing 3.6445% and valued at over $97.53 million, while EDGEPOINT INVESTMENT GROUP INC. holds 3.2419 of the shares totaling 1.54 million with a market value of $86.76 million.
Cogent Communications Holdings Inc (CCOI) Insider Activity
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Cogent Communications Holdings Inc disclosed in a document filed with the SEC on Dec 12 ’24 that KILMER HENRY W (VP OF NETWORK STRATEGY) sold a total of 4,800 shares of the company’s common stock. The trade occurred on Dec 12 ’24 and was made at $75.61 per share for $0.36 million. Following the transaction, the insider now directly holds 33800.0 shares of the CCOI stock.
Still, SEC filings show that on Dec 09 ’24, BUBECK JAMES (CHIEF REVENUE OFFICER) disposed off 1,920 shares at an average price of $76.60 for $0.15 million. The insider now directly holds 49,542 shares of Cogent Communications Holdings Inc (CCOI).
