Is Cg Oncology Inc. (CGON) positioned for future growth?

With 1.45 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.61 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $29.5 whereas the lowest price it dropped to was $26.91. The 52-week range on CGON shows that it touched its highest point at $50.23 and its lowest point at $25.77 during that stretch. It currently has a 1-year price target of $68.20.

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 CGON was down-trending over the past week, with a drop of -19.53%, but this was down by -27.42% over a month. For the next quarter, that number is -0.37. This implies an EPS growth rate of -40.98% for this year and -19.42% for next year.

Float and Shares Shorts:

At present, 66.64 million CGON shares are outstanding with a float of 40.25 million shares on hand for trading. On 2024-04-30, short shares totaled 2.35 million, which was 353.0 higher than short shares on 1711584000. In addition to Mr. Arthur Kuan as the firm’s Chairman & CEO, Mr. Ambaw Bellete M.S. serves as its President & COO.

Institutional Ownership:

Through their ownership of 0.50207 of CGON’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 2024-03-31, CGON reported revenue of $529000.0 and operating income of -$22469000.0. The EBITDA in the recently reported quarter was -$22465000.0 and diluted EPS was -$0.36.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CGON 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.