Cosmos Health Inc (NASDAQ:COSM) price on current trading day, rose 6.22% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.85.
A look at the stock’s price movement, the level at last check in today’s session was $0.80, moving within a range at $0.7511 and $0.88. The beta value (5-Year monthly) was 3.142. Turning to its 52-week performance, $1.58 and $0.47 were the 52-week high and 52-week low respectively. Overall, COSM moved 17.70% over the past month.
Cosmos Health Inc’s market cap currently stands at around $19.77 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 14.5M for the company’s revenue for the quarter, with a low and high estimate of 14.5M and 14.5M respectively. The average forecast suggests down to a -8.46% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 54.7M, representing a 2.48% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that COSM is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
COSM’s current price about 26.35% and 19.63% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.06, while 7-day volatility ratio is 13.32% and 10.30% in the 30-day chart. Further, Cosmos Health Inc (COSM) has a beta value of 3.16, and an average true range (ATR) of 0.07.
If we refocus on Cosmos Health Inc (NASDAQ:COSM), historical trading data shows that trading volumes averaged 0.34 over the past 10 days and 262.30K over the past 3 months. The company’s latest data on shares outstanding shows there are 23.26 million shares.
The 20.03% of Cosmos Health Inc’s shares are in the hands of company insiders while institutional holders own 10.32% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.36 million on 2024-10-31, giving us a short ratio of 2.56. The data shows that as of 2024-10-31 short interest in Cosmos Health Inc (COSM) stood at 197.0 of shares outstanding, with shares short falling to 0.65 million registered in 2024-09-30. Current price change has pushed the stock 27.03% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the COSM stock continues to rise going into the next quarter.
