While Cogent Communications Holdings Inc has overperformed by 1.45%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CCOI fell by -0.73%, with highs and lows ranging from $86.00 to $57.35, whereas the simple moving average fell by -7.79% in the last 200 days.
On March 07, 2024, BofA Securities Downgraded Cogent Communications Holdings Inc (NASDAQ: CCOI) to Neutral. A report published by Goldman on August 21, 2023, Upgraded its rating to ‘Neutral’ for CCOI. JP Morgan May 08, 2023d the rating to Neutral on May 08, 2023, and set its price target from $72 to $70. BofA Securities May 03, 2023d its ‘Underperform’ rating to ‘Buy’ for CCOI, as published in its report on May 03, 2023. Credit Suisse’s report from October 11, 2022 suggests a price prediction of $56 for CCOI shares, giving the stock a ‘Neutral’ rating. KeyBanc Capital Markets also rated the stock as ‘Overweight’.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Analysis of Cogent Communications Holdings Inc (CCOI)
Investors in Cogent Communications Holdings Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $3.80 per share. Further, the quarter-over-quarter increase in sales is 79.04%, showing a positive trend in the upcoming months.
One of the most important indicators of Cogent Communications Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 2801.11% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.38, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CCOI is recording 380.82K average volume. On a monthly basis, the volatility of the stock is set at 3.84%, whereas on a weekly basis, it is put at 2.66%, with a loss of -6.61% over the past seven days. Furthermore, long-term investors anticipate a median target price of $81.53, showing growth from the present price of $62.84, which can serve as yet another indication of whether CCOI is worth investing in or should be passed over.
How Do You Analyze Cogent Communications Holdings Inc Shares?
The Telecom Services market is dominated by Cogent Communications Holdings Inc (CCOI) based in the USA. When comparing Cogent Communications Holdings Inc shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 2.35, there is a growth in quarterly earnings of 23047.78%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 10.69%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 93.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CCOI shares are owned by institutional investors to the tune of 93.00% at present.
