Cg Oncology Inc. (NASDAQ:CGON) shares, rose in value, with the stock price up by 5.53% to the previous day’s close as strong demand from buyers drove the stock to $39.11.
Actively observing the price movement in the last trading, the stock closed the session at $37.06, falling within a range of $37.23 and $39.6299. Referring to stock’s 52-week performance, its high was $50.23, and the low was $25.77. On the whole, CGON has fluctuated by 10.26% over the past month.
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With the market capitalization of Cg Oncology Inc. currently standing at about $2.62 billion, investors are eagerly awaiting this quarter’s results, scheduled for in October.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 140k.
The stock’s technical analysis shows that the price of CGON currently trading nearly 6.63% and 11.60% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.31, while the 7-day volatility ratio is showing 7.23% which for the 30-day chart, stands at 5.56%. Furthermore, Cg Oncology Inc. (CGON)’s average true range (ATR) is 2.13.
Data on historical trading for Cg Oncology Inc. (NASDAQ:CGON) indicates that the trading volumes over the past 10 days have averaged 1.0 and over the past 3 months, they’ve averaged 616.06K. According to company’s latest data on outstanding shares, there are 66.64 million shares outstanding.
Nearly 40.02% of Cg Oncology Inc.’s shares belong to company insiders and institutional investors own 47.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.2 million shares as on 2024-08-30, resulting in a short ratio of 11.28. According to the data, the short interest in Cg Oncology Inc. (CGON) stood at 933.00 of shares outstanding as of 2024-08-30; the number of short shares registered in 2024-07-31 reached 6.84 million. The stock has risen by 5.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CGON stock heading into the next quarter.
