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Cosmos Health Inc. (COSM): Be Patient, You Will Learn

Cosmos Health Inc. (NASDAQ:COSM) concluded the trading at $1.39 on Friday, September 15 with a rise of 7.75% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $1.29 with its price kept floating in the range of $1.26 and $1.45 on the day. Considering stock’s 52-week price range provides that COSM hit a high price of $23.84 and saw its price falling to a low level of $0.99 during that period. Over a period of past 1-month, stock came adding 3.73% in its value.

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In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review COSM stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the COSM stock which is currently positioned at 0. It further provides that stock’s current price level is 12.05% away from its 20-day simple moving average and is -17.30% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 51.97 while volatility remained at 21.01% over the past week which changes to 9.90% when measuring it over the past month. Beta is valued at 3.00, while measure of average true range or ATR is currently at 0.16.

In comparing Cosmos Health Inc. (COSM)’s stock with other industry players reveals that stock’s current price change of 7.75% and that of -85.37% over the past 12 months. Industry’s another major player Booz Allen Hamilton Holding Corporation (BAH) has fall -1.47% down in previous session, but over the past year has faced a rise of 17.17% over the same period. Cosmos Health Inc. has a P/E ratio of 0 while Booz Allen Hamilton Holding Corporation is showing 50.42 for the same. On the other hand, the S&P 500 Index was down -1.22% in the last trading session while the Dow Jones Industrial closed the session lower at -0.83%.

Having a second look at Cosmos Health Inc. (NASDAQ:COSM) provides that stock’s average daily trading volume for 3 months was 1.40 million, while it jumped to 5.29 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 13.07 million.

The percentage of outstanding shares held by the insiders is 26.00% while it is 0.20% for the institutional holders. The figures also indicate that as of Aug 30, 2023, number of stock’s short shares was 0.41 million which implies a short ratio of 0.51. This shows down a 3.13% of Short Interest in company’s outstanding shares on the day. In August the standing of shares short improved as it was 0.48 million in the previous month. Subtraction of -69.52% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.