On Friday, Cogent Communications Holdings Inc (NASDAQ: CCOI) was -3.51% down from the session before settling in for the closing price of $65.29. A 52-week range for CCOI has been $57.35 – $86.00.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 14.28%. When this article was written, the company’s average yearly earnings per share was at -115.24%. With a float of $42.29 million, this company’s outstanding shares have now reached $48.61 million.
The extent of productivity of a business whose workforce counts for 1947 workers is very important to gauge.
Cogent Communications Holdings Inc (CCOI) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Cogent Communications Holdings Inc stocks. The insider ownership of Cogent Communications Holdings Inc is 10.83%, while institutional ownership is 92.93%. The most recent insider transaction that took place on Mar 15 ’24, was worth 1,680,633. In this transaction CHAIRMAN, CEO, AND PRESIDENT of this company sold 26,174 shares at a rate of $64.21, taking the stock ownership to the 4,653,203 shares. Before that another transaction happened on Mar 13 ’24, when Company’s CHAIRMAN, CEO, AND PRESIDENT sold 30,000 for $67.52, making the entire transaction worth $2,025,600. This insider now owns 4,679,377 shares in total.
Cogent Communications Holdings Inc (CCOI) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 50.30 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -115.24% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -0.48% during the next five years compared to 111.69% growth over the previous five years of trading.
Cogent Communications Holdings Inc (NASDAQ: CCOI) Trading Performance Indicators
You can see what Cogent Communications Holdings Inc (CCOI) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 26.74, a number that is poised to hit -1.17 in the next quarter and is forecasted to reach -2.75 in one year’s time.
Technical Analysis of Cogent Communications Holdings Inc (CCOI)
The latest stats from [Cogent Communications Holdings Inc, CCOI] show that its last 5-days average volume of 0.47 million was superior to 0.42 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 53.93%. Additionally, its Average True Range was 1.73.
During the past 100 days, Cogent Communications Holdings Inc’s (CCOI) raw stochastic average was set at 5.81%, which indicates a significant decrease from 15.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.41% in the past 14 days, which was lower than the 31.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $70.24, while its 200-day Moving Average is $68.12. Now, the first resistance to watch is $64.45. This is followed by the second major resistance level at $65.91. The third major resistance level sits at $66.68. If the price goes on to break the first support level at $62.22, it is likely to go to the next support level at $61.45. The third support level lies at $59.99 if the price breaches the second support level.
Cogent Communications Holdings Inc (NASDAQ: CCOI) Key Stats
There are 47,425K outstanding shares of the company, which has a market capitalization of 2.99 billion. As of now, sales total 940,920 K while income totals 1,273 M. Its latest quarter income was 272,100 K while its last quarter net income were 200,150 K.
