Cogent Communications Holdings Inc [CCOI] stock prices are down -1.93% to $72.99 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CCOI shares have gain 3.30% over the last week, with a monthly amount glided 0.25%, 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 August 21, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $65 from $75. Previously, Goldman started tracking the stock with Neutral rating on July 01, 2024, and set its price target to $56. On March 07, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $75 on the stock. Goldman upgraded its rating to a Neutral and increased its price target to $64 on August 21, 2023. TD Cowen upgraded its rating to a Outperform. JP Morgan downgraded its rating to Neutral for this stock on May 08, 2023, and downed its price target to $70. In a note dated May 03, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $45 to $85.
The stock price of Cogent Communications Holdings Inc [CCOI] has been fluctuating between $50.80 and $86.00 over the past year. Currently, Wall Street analysts expect the stock to reach $74 within the next 12 months. Cogent Communications Holdings Inc [NASDAQ: CCOI] shares were valued at $72.99 at the most recent close of the market. An investor can expect a potential return of 1.38% based on the average CCOI price forecast.
Analyzing the CCOI fundamentals
The Cogent Communications Holdings Inc [NASDAQ:CCOI] reported sales of 1.07B for trailing twelve months, representing a surge of 8.61%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.66.
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 72.03 points at the first support level, and at 71.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.35, and for the 2nd resistance point, it is at 75.72.
Ratios To Look Out For
It’s worth pointing out that Cogent Communications Holdings Inc [NASDAQ:CCOI]’s Current Ratio is 2.20. Also, the Quick Ratio is 2.20, while the Cash Ratio stands at 1.36. Considering the valuation of this stock, the price to sales ratio is 3.33, the price to book ratio is 8.61 and price to earnings (TTM) ratio is 80.42.
Transactions by insiders
Recent insider trading involved Chang John B., VP & CHIEF LEGAL OFFICER, that happened on Sep 12 ’24 when 1400.0 shares were sold. CHAIRMAN, CEO, AND PRESIDENT, SCHAEFFER DAVE completed a deal on Sep 10 ’24 to sell 65000.0 shares. Meanwhile, Director Kennedy Sheryl Lynn sold 1550.0 shares on Sep 10 ’24.
