With 0.94 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.56 million shares. The 52-week range on COGT shows that it touched its highest point at $12.61 and its lowest point at $5.73 during that stretch. It currently has a 1-year price target of $16.55. Beta for the stock currently stands at 1.59.
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 COGT was down-trending over the past week, with a drop of -6.91%, but this was down by -27.43% over a month. Three-month performance dropped to -23.72% while six-month performance fell -38.94%. The stock lost -0.28% in the past year, while it has lost -10.13% so far this year. A look at the trailing 12-month EPS for COGT yields -2.47 with Next year EPS estimates of -1.87. For the next quarter, that number is -0.58. This implies an EPS growth rate of 9.38% for this year and 16.28% for next year. EPS is expected to grow by 31.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.02%.
Float and Shares Shorts:
At present, 110.46 million COGT shares are outstanding with a float of 94.82 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COGT since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. 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. Analysts have provided yearly estimates in a range of -$2.28517 being high and -$2.52467 being low. For COGT, this leads to a yearly average estimate of -$2.4149. Based on analyst estimates, the high estimate for the next quarter is -$0.39 and the low estimate is -$0.66. The average estimate for the next quarter is thus -$0.56.
