While Cg Oncology Inc. has underperformed by -4.58%, investors are advised to look at stock chart patterns for technical insight.
On August 28, 2024, ROTH MKM started tracking Cg Oncology Inc. (NASDAQ: CGON) recommending Buy. A report published by BofA Securities on June 28, 2024, Initiated its previous ‘Buy’ rating for CGON. Morgan Stanley also rated CGON shares as ‘Overweight’, setting a target price of $55 on the company’s shares in an initiating report dated February 20, 2024. Goldman Initiated an Neutral rating on February 20, 2024, and assigned a price target of $42. Cantor Fitzgerald initiated its ‘Overweight’ rating for CGON, as published in its report on February 20, 2024. H.C. Wainwright’s report from February 14, 2024 suggests a price prediction of $75 for CGON shares, giving the stock a ‘Buy’ rating.
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 Cg Oncology Inc. (CGON)
To gain a thorough understanding of Cg Oncology Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 47.57, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CGON is recording an average volume of 571.40K. On a monthly basis, the volatility of the stock is set at 4.97%, whereas on a weekly basis, it is put at 5.99%, with a loss of -7.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $67.57, showing growth from the present price of $34.83, which can serve as yet another indication of whether CGON is worth investing in or should be passed over.
How Do You Analyze Cg Oncology Inc. Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 40.02%. 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 47.97% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CGON shares are owned by institutional investors to the tune of 47.97% at present.
