Cosmos Health Inc. (NASDAQ: COSM) stock jumped 17.27% on Monday to $1.63 against a previous-day closing price of $1.39. With 6.12 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.41 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $1.8594 whereas the lowest price it dropped to was $1.3920. The 52-week range on COSM shows that it touched its highest point at $23.84 and its lowest point at $0.99 during that stretch. Beta for the stock currently stands at 2.98.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COSM was up-trending over the past week, with a rise of 64.65%, but this was up by 10.14% over a month. Three-month performance dropped to -48.25% while six-month performance fell -52.89%. The stock lost -83.33% in the past year, while it has lost -64.25% so far this year.
Float and Shares Shorts:
At present, 13.07 million COSM shares are outstanding with a float of 10.98 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.41 million, which was 3.13% higher than short shares on Jul 30, 2023. In addition to Mr. Grigorios Siokas as the firm’s Chairman & CEO, Mr. Georgios Terzis serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 4.59% of COSM’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, COSM reported revenue of $13.21M and operating income of -$74.36k. The EBITDA in the recently reported quarter was $34.17k and diluted EPS was -$23.37.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COSM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded COSM stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 181,451 shares were bought while 0 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 15,777,289 while 0 shares were sold.
