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Cogent Biosciences (COGT)
NASDAQ:COGT
Cogent Biosciences (COGT) Stock Price & Analysis
510 Followers
COGT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$3.67 - $13.50
Previous Close$6.53
Volume444.04K
Average Volume (3M)2.15M
Market Cap
$685.83M
Enterprise Value$418.69M
Total Cash (Recent Filing)$279.04M
Total Debt (Recent Filing)$19.17M
Price to Earnings (P/E)-2.7
Beta0.23
Next Earnings
May 07, 2024EPS Estimate
-$0.51Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.40
Shares Outstanding103,913,396
10 Day Avg. Volume1,274,447
30 Day Avg. Volume2,148,923
Standard Deviation0.67
R-Squared0.01
Alpha0.04
Financial Highlights & Ratios
Price to Book (P/B)3.39
Price to Sales (P/S)344.62
Price to Cash Flow (P/CF)-3.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue212.64
Enterprise Value/Gross Profit159.74
Enterprise Value/Ebitda-2.98
Forecast
1Y Price Target
$15.44Price Target Upside133.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Cogent Biosciences News
Bulls Say, Bears Say
Bulls Say
Clinical Trial ResultsPatients treated with bezuclastinib experienced rapid reductions in tryptase, a key marker for iSM, within a relatively short time frame.
Drug Development ProgressCogent Biosciences has developed a viable iSM drug with bezuclastinib demonstrating activity at least as effective as competitor Ayvakit.
Safety Profile And EfficacyThe new formulation of bezuclastinib did not show safety concerns such as neutropenia and had no reported Grade 3+ adverse events at the recommended dose.
Bears Say
Clinical Trial ConcernsRegistration-enabling SUMMIT Part 2 trial has initiated but still sees clinical risk into the readout.
Financial PerformanceOperating expenses in 4Q23 of $58.2M were slightly above expectations, leading to a slightly larger net loss per share of -$0.63.
Regulatory ChallengesCogent does not have sign-off from the FDA on MS2D2, and they expect to meet with the FDA to discuss.
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Ownership Overview
22.47% Insiders
12.52% Mutual Funds
15.57% Other Institutional Investors
49.43% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Tech & InnovationRisks related to the company’s reliance on technology and ability to make innovative products
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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COGT FAQ
What was Cogent Biosciences’s price range in the past 12 months?
Cogent Biosciences lowest stock price was $3.67 and its highest was $13.50 in the past 12 months.
What is Cogent Biosciences’s market cap?
Currently, no data Available
When is Cogent Biosciences’s upcoming earnings report date?
Cogent Biosciences’s upcoming earnings report date is May 07, 2024 which is in 18 days.
How were Cogent Biosciences’s earnings last quarter?
Cogent Biosciences released its earnings results on Feb 26, 2024. The company reported -$0.63 earnings per share for the quarter, missing the consensus estimate of -$0.554 by -$0.076.
Is Cogent Biosciences overvalued?
According to Wall Street analysts Cogent Biosciences’s price is currently Undervalued.
Does Cogent Biosciences pay dividends?
Cogent Biosciences does not currently pay dividends.
What is Cogent Biosciences’s EPS estimate?
Cogent Biosciences’s EPS estimate is -$0.51.
How many shares outstanding does Cogent Biosciences have?
Cogent Biosciences has 103,913,400 shares outstanding.
What happened to Cogent Biosciences’s price movement after its last earnings report?
Cogent Biosciences reported an EPS of -$0.63 in its last earnings report, missing expectations of -$0.554. Following the earnings report the stock price went up 0.806%.
Which hedge fund is a major shareholder of Cogent Biosciences?
Among the largest hedge funds holding Cogent Biosciences’s share is Fairmount Funds Management Llc. It holds Cogent Biosciences’s shares valued at 21M.
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Cogent Biosciences Stock Smart Score
Underperform
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Analyst Consensus
Strong Buy
Average Price Target:
$15.44 (133.94% Upside)
$15.44 (133.94% Upside)
Hedge Fund Trend
Decreased
By 8.4M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.2%
Last 30 Days ▼ 9.1%
Last 30 Days ▼ 9.1%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-40.36%
12-Months-Change
Fundamentals
Return on Equity
-74.94%
Trailing 12-Months
Asset Growth
4.20%
Trailing 12-Months
Company Description
Cogent Biosciences
Unum Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on the development and commercialization of novel immunotherapy products designed to harness the power of a patient's immune system to cure cancer. The firm's technologies include Antibody-Coupled T-cell Receptor, which is a chimeric protein that binds to tumor targeting antibodies. The company was founded by Charles Wilson and Dario Campana in March 2014 and is headquartered in Cambridge, MA.
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COGT Stock 12 Months Forecast
Average Price Target
$15.44
▲(133.94% Upside)
Technical Analysis
Best Analysts Covering COGT
1 Year
1 Year Success Rate
3/8 ratings generated profit
1 Year Average Return
+5.24%
assigned a buy rating 6 months ago
Copying Christopher Raymond's trades and holding each position for 1 Year would result in 37.50% of your transactions generating a profit, with an average return of +5.24% per trade.
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