Cogent Communications Holdings Inc (NASDAQ: CCOI) is -40.25% 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 $49.85 in the last trading session, with the day’s loss setting it -3.8%.
Currently trading at $46.05, the stock is -11.68% and -19.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -7.61% at the moment leaves the stock -35.65% off its SMA200. CCOI registered -22.15% loss for a year compared to 6-month loss of -42.00%. The firm has a 50-day simple moving average (SMA 50) of $56.8894 and a 200-day simple moving average (SMA200) of $71.5619.
The stock witnessed a -9.97% gain in the last 1 month and extending the period to 3 months gives it a -43.46%, and is -9.48% 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 3.65% over the week and 4.00% over the month.
Cogent Communications Holdings Inc (CCOI) has around 1916 employees, a market worth around $2.27B and $1.02B in sales. Profit margin for the company is -18.76%. Distance from 52-week low is 2.33% and -46.92% 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 14.73% this year
422.0 institutions hold shares in Cogent Communications Holdings Inc (CCOI), with institutional investors hold 106.70% of the company’s shares. The shares outstanding are 49.34M, and float is at 43.51M with Short Float at 10.21%. Institutions hold 96.38% 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 14.3423 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 May 20 ’25 that SCHAEFFER DAVE (CHAIRMAN, CEO, AND PRESIDENT) sold a total of 15,000 shares of the company’s common stock. The trade occurred on May 20 ’25 and was made at $49.96 per share for $0.75 million. Following the transaction, the insider now directly holds 4.24 million shares of the CCOI stock.
Still, SEC filings show that on May 20 ’25, David Schaeffer (Founder) Proposed Sale 15,000 shares at an average price of $49.89 for $0.75 million. The insider now directly holds shares of Cogent Communications Holdings Inc (CCOI).
