Cosmos Health Inc (NASDAQ: COSM) Stock: Up 45.35% From Low, Just Wait

The trading price of Cosmos Health Inc (NASDAQ:COSM) closed higher on Friday, January 17, and closing at $0.86, 2.68% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $0.83 and $0.929. In examining the 52-week price action we see that the stock hit a 52-week high of $1.58 and a 52-week low of $0.47. Over the past month, the stock has gained 22.45% in value.

Cosmos Health Inc, whose market valuation is $19.94 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.09 per share this quarter, however they have predicted annual earnings per share of -0.78 for current year and 0.01 for next year.

Analysts have forecast the company to bring in revenue of 14.5M for the current quarter, with the likely lows of 14.5M and highs of 14.5M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 54.7M.

On the technical side, indicators suggest COSM has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.

A quick review shows that COSM’s price is currently 26.17% off the SMA20 and 20.23% off the SMA50. The RSI metric on the 14-day chart is currently showing 67.71, and weekly volatility stands at 18.82%. When measured over the past 30 days, the indicator reaches 11.37%. Cosmos Health Inc (NASDAQ:COSM)’s beta value is currently sitting at 3.16, while the Average True Range indicator is currently displaying 0.08.

To see how Cosmos Health Inc stock has been performing in comparison to its peers in the industry, here are the numbers: COSM stock’s performance was 2.68% in the latest trading, and -21.34% in the past year.

An evaluation of the daily trading volume of Cosmos Health Inc (NASDAQ:COSM) indicates that the 3-month average is 281.71K. However, this figure has increased over the past 10 days to an average of 0.5.

Currently, records show that 23.26 million of the company’s shares remain outstanding. The insiders hold 20.81% of outstanding shares, whereas institutions hold 10.32%. The stats also highlight that short interest as of 2024-10-31, stood at 0.36 million shares, resulting in a short ratio of 2.56 at that time. From this, we can conclude that short interest is 197.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 0.65 million. However, since the stock’s price has seen 28.16% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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