While Cg Oncology Inc. has underperformed by -1.69%, investors are advised to look at stock chart patterns for technical insight.
On September 23, 2024, RBC Capital Mkts started tracking Cg Oncology Inc. (NASDAQ: CGON) recommending Outperform. A report published by ROTH MKM on August 28, 2024, Initiated its previous ‘Buy’ rating for CGON. BofA Securities also rated CGON shares as ‘Buy’, setting a target price of $65 on the company’s shares in an initiating report dated June 28, 2024. Morgan Stanley Initiated an Overweight rating on February 20, 2024, and assigned a price target of $55. Goldman initiated its ‘Neutral’ rating for CGON, as published in its report on February 20, 2024. Cantor Fitzgerald’s report from February 20, 2024 suggests a price prediction of $75 for CGON shares, giving the stock a ‘Overweight’ rating. H.C. Wainwright also rated the stock as ‘Buy’.
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Analysis of Cg Oncology Inc. (CGON)
One of the most important indicators of Cg Oncology Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. 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.
For any stock, average volume can also provide valuable insight into volatility, and CGON is recording 738.42K average volume. On a monthly basis, the volatility of the stock is set at 5.51%, whereas on a weekly basis, it is put at 5.08%, with a gain of 3.62% over the past seven days. Furthermore, long-term investors anticipate a median target price of $67.38, showing growth from the present price of $38.34, 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?
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 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.
