Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Cogent Biosciences Inc’s current trading price is -21.74% away from its 52-week high, while its distance from the 52-week low is 168.89%. The stock’s price range during this period has varied between $3.67 and $12.61. The company, active in the Healthcare sector, saw a trading volume of around 1.79 million for the day, considerably higher average daily volume of 0.92 million observed over the last three months.
Cogent Biosciences Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $12.61 on 10/23/24, with the lowest value being $3.67 on 12/11/23.
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How Financial Performance Impacts Market Capitalization
Cogent Biosciences Inc (COGT) has experienced a quarterly rise of 14.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.08B and boasts a workforce of 164 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 10.05, with a change in price of +0.91. Similarly, Cogent Biosciences Inc recorded 961,622 in trading volume during the last 100 days, posting a change of +10.14%.
How COGT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for COGT stands at 0.05. Similarly, the long-term debt-to-equity ratio is also 0.04.
COGT Stock Stochastic Average
As of today, the raw stochastic average of Cogent Biosciences Inc over the past 50 days is 16.08%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 16.08%. Additionally, the Stochastic %K and %D values for the company were 45.20% and 52.48%, respectively, over the past 20 days.
COGT Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant gain of 67.83% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 27.17%. Over the past 30 days, the price of COGT has leaped by -8.12%. And in the last five days, it has fallen by -17.76%.