Cogent Communications Holdings Inc (CCOI) surge 3.81% in a week: will this be a lucky break through?

As on Wednesday, Cogent Communications Holdings Inc (NASDAQ: CCOI) got off with the flyer as it spiked 3.82% to $84.70, before settling in for the price of $81.58 at the close. Taking a more long-term approach, CCOI posted a 52-week range of $50.80-$86.00.

It was noted that the giant of the Communication Services sector posted annual sales growth of 14.28% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 111.69%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -116.68%. This publicly-traded company’s shares outstanding now amounts to $48.61 million, simultaneously with a float of $44.22 million. The organization now has a market capitalization sitting at $4.15 billion. At the time of writing, stock’s 50-day Moving Average stood at $76.83, while the 200-day Moving Average is $68.41.

Cogent Communications Holdings Inc (CCOI) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Telecom Services industry. Cogent Communications Holdings Inc’s current insider ownership accounts for 9.76%, in contrast to 93.09% institutional ownership. According to the most recent insider trade that took place on Sep 12 ’24, this organization’s VP & CHIEF LEGAL OFFICER sold 1,400 shares at the rate of 71.67, making the entire transaction reach 100,338 in total value, affecting insider ownership by 71,580. Preceding that transaction, on Sep 10 ’24, Company’s CHAIRMAN, CEO, AND PRESIDENT sold 65,000 for 71.75, making the whole transaction’s value amount to 4,663,555. This particular insider is now the holder of 4,308,038 in total.

Cogent Communications Holdings Inc (CCOI) Earnings and Revenue Records

Cogent Communications Holdings Inc’s EPS decrease for this current 12-month fiscal period is -116.68% and is forecasted to reach -3.53 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will decrease by -0.48% through the next 5 years, which can be compared against the 111.69% growth it accomplished over the previous five years trading on the market.

Cogent Communications Holdings Inc (NASDAQ: CCOI) Trading Performance Indicators

Let’s observe the current performance indicators for Cogent Communications Holdings Inc (CCOI). It’s Quick Ratio in the last reported quarter now stands at 2.20. The Stock has managed to achieve an average true range (ATR) of 2.06. Alongside those numbers, its PE Ratio stands at $93.32, and its Beta score is 0.37. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.86.

In the same vein, CCOI’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.91, a figure that is expected to reach -1.19 in the next quarter, and analysts are predicting that it will be -3.53 at the market close of one year from today.

Technical Analysis of Cogent Communications Holdings Inc (CCOI)

Through scrutinizing the latest numbers posted by the [Cogent Communications Holdings Inc, CCOI], it can be observed that its last 5-days Average volume of 0.37 million was lower the volume of 0.44 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 54.99% While, its Average True Range was 2.13.

Raw Stochastic average of Cogent Communications Holdings Inc (CCOI) in the period of the previous 100 days is set at 96.42%, which indicates a major rise in contrast to 79.40% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 22.31% that was lower than 33.13% volatility it exhibited in the past 100-days period.