At the time of writing, Cogent Communications Holdings Inc [CCOI] stock is trading at $49.28, up 3.85%%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CCOI shares have gain 4.89% over the last week, with a monthly amount glided 7.00%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cogent Communications Holdings Inc [NASDAQ: CCOI] stock has seen the most recent analyst activity on November 14, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $102. Previously, BofA Securities downgraded its rating to Underperform on August 21, 2024, and dropped its price target to $65. On July 01, 2024, Goldman initiated with a Neutral rating and assigned a price target of $56 on the stock. BofA Securities downgraded its rating to a Neutral but stick to its price target of $75 on March 07, 2024. Goldman upgraded its rating to a Neutral and raised its price target to $64 on August 21, 2023. TD Cowen upgraded its rating to Outperform for this stock on August 11, 2023. In a note dated May 08, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $72 to $70.
For the past year, the stock price of Cogent Communications Holdings Inc fluctuated between $43.65 and $86.76. Currently, Wall Street analysts expect the stock to reach $77.5 within the next 12 months. Cogent Communications Holdings Inc [NASDAQ: CCOI] shares were valued at $49.28 at the most recent close of the market. An investor can expect a potential return of 57.26% based on the average CCOI price forecast.
Analyzing the CCOI fundamentals
According to Cogent Communications Holdings Inc [NASDAQ:CCOI], the company’s sales were 1.02B for trailing twelve months, which represents an -7.18% plunge. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.69 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 16.53.
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 47.47 points at the first support level, and at 45.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.19, and for the 2nd resistance point, it is at 51.10.
Ratios To Look Out For
It is important to note that Cogent Communications Holdings Inc [NASDAQ:CCOI] has a current ratio of 1.49. As well, the Quick Ratio is 1.49, while the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 2.39, the price to book ratio is 17.02.
Transactions by insiders
Recent insider trading involved David Schaeffer, Founder, that happened on Jun 16 ’25 when 25000.0 shares were purchased. CHAIRMAN, CEO, AND PRESIDENT, SCHAEFFER DAVE completed a deal on Jun 16 ’25 to sell 70000.0 shares. Meanwhile, FOUNDER & CEO SCHAEFFER DAVE bought 45000.0 shares on Jun 16 ’25.
