Cogent Communications Holdings Inc (NASDAQ:CCOI) shares, rose in value, with the stock price down by -11.58% to the previous day’s close as strong demand from buyers drove the stock to $47.05.
Actively observing the price movement in the recent trading, the stock is buoying the session at $53.21. Referring to stock’s 52-week performance, its high was $86.76, and the low was $47.54. On the whole, CCOI has fluctuated by -7.13% over the past month.
With the market capitalization of Cogent Communications Holdings Inc currently standing at about $2.32 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 3.96, with its dividend yield at 8.42%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CCOI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CCOI currently trading nearly -11.32% and -22.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.56, while the 7-day volatility ratio is showing 3.29% which for the 30-day chart, stands at 4.51%. Furthermore, Cogent Communications Holdings Inc (CCOI)’s beta value is 0.77, and its average true range (ATR) is 2.61.
A comparison of Cogent Communications Holdings Inc (CCOI) with its peers suggests the former has fared considerably weaker in the market. CCOI showed an intraday change of -11.58% in today’s session so far, and over the past year, it shrunk by -26.08%%.
Data on historical trading for Cogent Communications Holdings Inc (NASDAQ:CCOI) indicates that the trading volumes over the past 3 months, they’ve averaged 525.77K. According to company’s latest data on outstanding shares, there are 49.03 million shares outstanding.
Nearly 11.85% of Cogent Communications Holdings Inc’s shares belong to company insiders and institutional investors own 91.93% of the company’s shares. The stock has fallen by -38.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CCOI stock heading into the next quarter.
