Within its last year performance, CGON fell by -13.53%, with highs and lows ranging from $50.23 to $25.77, whereas the simple moving average fell by -10.92% in the last 200 days.
On January 07, 2025, TD Cowen started tracking Cg Oncology Inc (NASDAQ: CGON) recommending Buy. A report published by UBS on October 24, 2024, Initiated its previous ‘Buy’ rating for CGON. RBC Capital Mkts also rated CGON shares as ‘Outperform’, setting a target price of $66 on the company’s shares in an initiating report dated September 23, 2024. ROTH MKM Initiated an Buy rating on August 28, 2024, and assigned a price target of $65. BofA Securities initiated its ‘Buy’ rating for CGON, as published in its report on June 28, 2024. Morgan Stanley’s report from February 20, 2024 suggests a price prediction of $55 for CGON shares, giving the stock a ‘Overweight’ rating. Goldman also rated the stock as ‘Neutral’.
Analysis of Cg Oncology Inc (CGON)
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Cg Oncology Inc’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 35.32, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and CGON is recording an average volume of 702.90K. On a monthly basis, the volatility of the stock is set at 4.66%, whereas on a weekly basis, it is put at 4.18%, with a gain of 0.26% over the past seven days. Furthermore, long-term investors anticipate a median target price of $69.00, showing growth from the present price of $30.29, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 33.25%. 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 61.82% 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 61.82% at present.
