On Monday, Cogent Communications Holdings Inc (NASDAQ: CCOI) opened lower -3.94% from the last session, before settling in for the closing price of $83.75. Price fluctuations for CCOI have ranged from $50.80 to $86.76 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted -117.14% at the time writing. With a float of $44.24 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. In terms of profitability, gross margin is 10.81%, operating margin of -30.9%, and the pretax margin is -3.12%.
Cogent Communications Holdings Inc (CCOI) Insider Updates
A key investor’s attitude towards the stock of the Telecom Services industry is another important factor to consider. The insider ownership of Cogent Communications Holdings Inc is 9.76%, while institutional ownership is 92.27%. The most recent insider transaction that took place on Sep 12 ’24, was worth 100,338. In this transaction VP & CHIEF LEGAL OFFICER of this company sold 1,400 shares at a rate of $71.67, taking the stock ownership to the 71,580 shares. Before that another transaction happened on Sep 10 ’24, when Company’s CHAIRMAN, CEO, AND PRESIDENT sold 65,000 for $71.75, making the entire transaction worth $4,663,555. This insider now owns 4,308,038 shares in total.
Cogent Communications Holdings Inc (CCOI) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -117.14% 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
Check out the current performance indicators for Cogent Communications Holdings Inc (CCOI). In the past quarter, the stock posted a quick ratio of 2.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.67.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.78, a number that is poised to hit -1.20 in the next quarter and is forecasted to reach -3.79 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 0.53 million was superior to 0.44 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 47.71%. Additionally, its Average True Range was 2.47.
During the past 100 days, Cogent Communications Holdings Inc’s (CCOI) raw stochastic average was set at 82.19%, which indicates a significant increase from 7.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.80% in the past 14 days, which was lower than the 33.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $77.59, while its 200-day Moving Average is $68.52. Now, the first resistance to watch is $82.57. This is followed by the second major resistance level at $84.68. The third major resistance level sits at $85.80. If the price goes on to break the first support level at $79.34, it is likely to go to the next support level at $78.22. Assuming the price breaks the second support level, the third support level stands at $76.11.
Cogent Communications Holdings Inc (NASDAQ: CCOI) Key Stats
There are currently 49,004K shares outstanding in the company with a market cap of 3.87 billion. Presently, the company’s annual sales total 940,920 K according to its annual income of 1,273 M. Last quarter, the company’s sales amounted to 260,440 K and its income totaled -32,340 K.
