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. Cognition Therapeutics Inc’s current trading price is -79.72% away from its 52-week high, while its distance from the 52-week low is 76.00%. The stock’s price range during this period has varied between $0.34 and $2.95. The company, active in the Healthcare sector, saw a trading volume of around 0.81 million for the day, considerably higher average daily volume of 0.54 million observed over the last three months.
Cognition Therapeutics Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $2.95 on 05/23/24, and the lowest price during that time was $0.34, recorded on 10/11/24.
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How Financial Performance Impacts Market Capitalization
Cognition Therapeutics Inc (CGTX) has experienced a quarterly decline of -2.81% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 24.01M and boasts a workforce of 28 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 0.8953, with a change in price of -1.3016. Similarly, Cognition Therapeutics Inc recorded 870,269 in trading volume during the last 100 days, posting a change of -68.51%.
How CGTX’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 CGTX stands at 0.03. Similarly, the long-term debt-to-equity ratio is also 0.02.
CGTX Stock Stochastic Average
As of today, the raw stochastic average of Cognition Therapeutics Inc over the last 50 days is at 83.35%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 79.32%. Further, the company’s Stochastic %K and %D values for the last 20 days were 54.90% and 51.17%, respectively.
CGTX 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. Until today this year the stock’s price performance recorded a decrease of -67.65%. However, over the last six months, the performance has been stronger by -69.78%. The price of CGTX increased 40.34% over the last 30 days. And in the last five days, it has surged by 22.57%.
