Cogent Communications Holdings Inc [CCOI] stock is trading at $64.18, up 9.09%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CCOI shares have gain 15.87% over the last week, with a monthly amount glided 23.92%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cogent Communications Holdings Inc [NASDAQ: CCOI] stock has seen the most recent analyst activity on July 01, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $56. Previously, BofA Securities downgraded its rating to Neutral on March 07, 2024, and kept the price target unchanged to $75. On August 21, 2023, upgrade upgraded it’s rating to Neutral and revised its price target to $64 on the stock. TD Cowen upgraded its rating to a Outperform. JP Morgan downgraded its rating to a Neutral and reduced its price target to $70 on May 08, 2023. BofA Securities upgraded its rating to Buy for this stock on May 03, 2023, and upped its price target to $85. In a note dated October 11, 2022, Credit Suisse downgraded an Neutral rating on this stock and revised its target price from $74 to $56.
Cogent Communications Holdings Inc [CCOI] stock has fluctuated between $50.80 and $86.00 over the past year. Currently, Wall Street analysts expect the stock to reach $71.67 within the next 12 months. Cogent Communications Holdings Inc [NASDAQ: CCOI] shares were valued at $64.18 at the most recent close of the market. An investor can expect a potential return of 11.67% based on the average CCOI price forecast.
Analyzing the CCOI fundamentals
Cogent Communications Holdings Inc [NASDAQ:CCOI] reported sales of 1.05B for the trailing twelve months, which represents a growth of 73.30%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at 1.07%, and Net Profit Margin reading is 1.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.38, Equity is 2.3 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 61.18 points at the first support level, and at 58.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.70, and for the 2nd resistance point, it is at 67.21.
Ratios To Look Out For
For context, Cogent Communications Holdings Inc’s Current Ratio is 1.12. Further, the Quick Ratio stands at 1.12, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 2.99, the price to book ratio is 6.28 and price to earnings (TTM) ratio is 2.54.
Transactions by insiders
Recent insider trading involved SCHAEFFER DAVE, CHAIRMAN, CEO, AND PRESIDENT, that happened on Jun 14 ’24 when 60000.0 shares were sold. CHAIRMAN, CEO, AND PRESIDENT, SCHAEFFER DAVE completed a deal on Jun 12 ’24 to sell 60000.0 shares. Meanwhile, Director Montagner Marc bought 10000.0 shares on Jun 11 ’24.
