Cognyte Software Ltd (NASDAQ:CGNT) price on Friday, April 11, rose 1.83% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.46.
A look at the stock’s price movement, the close in the last trading session was $9.29, moving within a range at $9.13 and $9.53. The beta value (5-Year monthly) was 1.752. Turning to its 52-week performance, $11.12 and $6.21 were the 52-week high and 52-week low respectively. Overall, CGNT moved 16.93% over the past month.
Cognyte Software Ltd’s market cap currently stands at around $680.70 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-01.
Analysts have a consensus estimate of 93.96M for the company’s revenue for the quarter, with a low and high estimate of 93.7M and 94.22M respectively. The average forecast suggests up to a 13.60% 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 391.44M, representing a 11.64% 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 CGNT is a Hold. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend CGNT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CGNT’s current price about 9.22% and 3.81% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.31, while 7-day volatility ratio is 7.79% and 5.24% in the 30-day chart. Further, Cognyte Software Ltd (CGNT) has a beta value of 1.55, and an average true range (ATR) of 0.55. Analysts have given the company’s stock an average 52-week price target of $7.5, forecast between a low of $7.5 and high of $7.5. Looking at the price targets, the low is 20.72% off current price level while to achieve the yearly target high, price needs to move 20.72%. Nonetheless, investors will most likely welcome a 20.72% jump to $7.5 which is the analysts’ median price.
If we refocus on Cognyte Software Ltd (NASDAQ:CGNT), historical trading data shows that trading volumes averaged 0.84 over the past 10 days and 383.98K over the past 3 months. The company’s latest data on shares outstanding shows there are 72.06 million shares.
The 13.63% of Cognyte Software Ltd’s shares are in the hands of company insiders while institutional holders own 67.59% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.73 million on 2025-03-14, giving us a short ratio of 2.82. The data shows that as of 2025-03-14 short interest in Cognyte Software Ltd (CGNT) stood at 104.0 of shares outstanding, with shares short rising to 0.65 million registered in 2025-02-14. Current price change has pushed the stock 9.36% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CGNT stock continues to rise going into the next quarter.
