Echelon Wealth Partners Thinks Cognetivity Neurosciences’ Stock is Going to Recover

In a report released today, Stefan Quenneville from Echelon Wealth Partners maintained a Buy rating on Cognetivity Neurosciences (CGNSFResearch Report), with a price target of C$0.90. The company’s shares closed last Monday at $0.23, close to its 52-week low of $0.16.

According to TipRanks.com, Quenneville is ranked #7795 out of 7950 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Cognetivity Neurosciences.

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Based on Cognetivity Neurosciences’ latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $6.04 million. In comparison, last year the company had a GAAP net loss of $95.94K.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CGNSF in relation to earlier this year.

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Cognetivity Neurosciences Ltd is developing a platform technology comprising of a visual stimulus based diagnostic test and artificial intelligence tools to support the early detection and monitoring of cognitive impairment in neurodegenerative diseases, with initial emphasis on dementia in Alzheimer’s disease and mild cognitive impairment, a difficult-to-diagnose, “pre-dementia” condition.

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