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 Communications Holdings Inc’s current trading price is -16.48% away from its 52-week high, while its distance from the 52-week low is 42.64%. The stock’s price range during this period has varied between $50.80 and $86.76. The company, active in the Communication Services sector, saw a trading volume of around 0.97 million for the day, considerably higher average daily volume of 0.36 million observed over the last three months.
Cogent Communications Holdings Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $86.76 on 11/07/24, and the lowest price during that time was $50.80, recorded on 06/11/24.
How Financial Performance Impacts Market Capitalization
Cogent Communications Holdings Inc (CCOI) has experienced a quarterly decline of -12.86% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.55B and boasts a workforce of 1947 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 78.74, with a change in price of -3.01. Similarly, Cogent Communications Holdings Inc recorded 374,288 in trading volume during the last 100 days, posting a change of -3.99%.
How CCOI’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 CCOI stands at 6.95. Similarly, the long-term debt-to-equity ratio is also 6.71.
CCOI Stock Stochastic Average
As of today, the raw stochastic average of Cogent Communications Holdings Inc over the past 50 days is 12.52%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 8.95%. Additionally, the Stochastic %K and %D values for the company were 41.39% and 50.81%, respectively, over the past 20 days.
CCOI Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -5.98%. However, over the past six months, we’ve seen a stronger performance of -0.48%. The price of CCOI leaped by -2.97% over the last 30 days. And in the last five days, it has fallen by -11.04%.
