Cogent Communications Holdings Inc (NASDAQ: CCOI) is -36.51% lower on its value in year-to-date trading and has touched a low of $45.00 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 $49.30 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $48.93, the stock is -7.82% and -18.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -0.75% at the moment leaves the stock -32.30% off its SMA200. CCOI registered -22.42% loss for a year compared to 6-month loss of -40.02%.
The stock witnessed a -9.10% gain in the last 1 month and extending the period to 3 months gives it a -39.13%, and is -13.34% 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 6.08% over the week and 4.27% over the month.
Cogent Communications Holdings Inc (CCOI) has around 1916 employees, a market worth around $2.41B and $1.02B in sales. Profit margin for the company is -18.76%. Distance from 52-week low is 8.73% and -43.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.87%).
The EPS is expected to grow by 10.85% this year.
Cogent Communications Holdings Inc (CCOI) Top Institutional Holders
The shares outstanding are 49.34M, and float is at 43.49M with Short Float at 10.21%.
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 14.3423% 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 10.7078 of the shares outstanding. The other top investors are STATE STREET CORP which holds 1.73 million shares representing 3.6372% and valued at over $97.53 million, while EDGEPOINT INVESTMENT GROUP INC. holds 3.2354 of the shares totaling 1.54 million with a market value of $86.76 million.
Cogent Communications Holdings Inc (CCOI) Insider Activity
#####
Cogent Communications Holdings Inc disclosed in a document filed with the SEC on Mar 12 ’25 that FERGUSON Lewis H (Director) sold a total of 956 shares of the company’s common stock. The trade occurred on Mar 12 ’25 and was made at $69.36 per share for $66313.0. Following the transaction, the insider now directly holds 18652.0 shares of the CCOI stock.
Still, SEC filings show that on Mar 11 ’25, Lewis H FERGUSON (Director) Proposed Sale 956 shares at an average price of $70.00 for $66920.0. The insider now directly holds shares of Cogent Communications Holdings Inc (CCOI).
