Cognyte Software Ltd [CGNT] stock prices are up 8.98% to $8.13 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CGNT shares have gain 14.99% over the last week, with a monthly amount glided 21.89%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cognyte Software Ltd [NASDAQ: CGNT] stock has seen the most recent analyst activity on September 29, 2022, when Stifel downgraded its rating to a Hold and also revised its price target to $6 from $8. Previously, Evercore ISI downgraded its rating to In-line on June 29, 2022, and dropped its price target to $5. On June 28, 2022, downgrade downgraded it’s rating to Mkt Perform. Needham downgraded its rating to a Hold. Wedbush downgraded its rating to a Neutral but $17 remained the price target by the analyst firm on December 22, 2021. In a note dated March 05, 2021, Evercore ISI upgraded an Outperform rating on this stock but restated the target price of $40.
The stock price of Cognyte Software Ltd [CGNT] has been fluctuating between $4.28 and $8.70 over the past year. Currently, Wall Street analysts expect the stock to reach $7.5 within the next 12 months. Cognyte Software Ltd [NASDAQ: CGNT] shares were valued at $8.13 at the most recent close of the market. An investor can expect a potential drop of -7.75% based on the average CGNT price forecast.
Analyzing the CGNT fundamentals
The Cognyte Software Ltd [NASDAQ:CGNT] reported sales of 330.21M for trailing twelve months, representing a surge of 9.55%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is -0.03.
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 7.59 points at the first support level, and at 7.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.45, and for the 2nd resistance point, it is at 8.78.
Ratios To Look Out For
It’s worth pointing out that Cognyte Software Ltd [NASDAQ:CGNT]’s Current Ratio is 1.33. As well, the Quick Ratio is 1.21, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 1.77, the price to book ratio is 2.97.
Transactions by insiders
Recent insider trading involved Cohen Gil, Officer, that happened on Sep 13 ’24 when 15123.0 shares were purchased. 10% Owner, Topline Capital Partners, LP completed a deal on Sep 11 ’24 to buy 0.55 million shares. Meanwhile, 10% Owner Topline Capital Partners, LP bought 0.42 million shares on Sep 12 ’24.
