The stock of Cognyte Software Ltd (CGNT) has seen a 1.77% increase in the past week, with a 8.91% gain in the past month, and a 2.05% flourish in the past quarter. The volatility ratio for the week is 5.10%, and the volatility levels for the past 30 days are at 3.60% for CGNT. The simple moving average for the past 20 days is 8.52% for CGNT’s stock, with a 2.08% simple moving average for the past 200 days.
Is It Worth Investing in Cognyte Software Ltd (NASDAQ: CGNT) Right Now?
The stock has a 36-month beta value of 1.73. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for CGNT is 59.78M, and at present, short sellers hold a 1.06% of that float. On November 21, 2024, the average trading volume of CGNT was 260.54K shares.
CGNT) stock’s latest price update
Cognyte Software Ltd (NASDAQ: CGNT)’s stock price has gone rise by 6.88 in comparison to its previous close of 6.98, however, the company has experienced a 1.77% increase in its stock price over the last five trading days. businesswire.com reported 2024-11-12 that HERZLIYA, Israel–(BUSINESS WIRE)–Cognyte’s board of directors approved a share repurchase program authorizing the buyback of up to $20M in ordinary shares over the next 18 months.
Analysts’ Opinion of CGNT
Many brokerage firms have already submitted their reports for CGNT stocks, with Stifel repeating the rating for CGNT by listing it as a “Hold.” The predicted price for CGNT in the upcoming period, according to Stifel is $6 based on the research report published on September 29, 2022 of the previous year 2022.
Evercore ISI, on the other hand, stated in their research note that they expect to see CGNT reach a price target of $5, previously predicting the price at $12. The rating they have provided for CGNT stocks is “In-line” according to the report published on June 29th, 2022.
CGNT Trading at 9.90% from the 50-Day Moving Average
After a stumble in the market that brought CGNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.25% of loss for the given period.
Volatility was left at 3.60%, however, over the last 30 days, the volatility rate increased by 5.10%, as shares surge +11.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.41% upper at present.
During the last 5 trading sessions, CGNT rose by +1.77%, which changed the moving average for the period of 200-days by +3.04% in comparison to the 20-day moving average, which settled at $6.87. In addition, Cognyte Software Ltd saw 16.02% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CGNT starting from Cohen Gil, who proposed sale 15,123 shares at the price of $6.31 back on Sep 13 ’24. After this action, Cohen Gil now owns shares of Cognyte Software Ltd, valued at $95,426 using the latest closing price.
Topline Capital Partners, LP, the 10% Owner of Cognyte Software Ltd, purchase 553,591 shares at $6.31 during a trade that took place back on Sep 11 ’24, which means that Topline Capital Partners, LP is holding 8,604,144 shares at $3,493,159 based on the most recent closing price.
Stock Fundamentals for CGNT
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.69 for the gross margin
The net margin for Cognyte Software Ltd stands at -0.01. The total capital return value is set at -0.03. Equity return is now at value -2.33, with -0.99 for asset returns.
Currently, EBITDA for the company is 0.57 million with net debt to EBITDA at -10.23. When we switch over and look at the enterprise to sales, we see a ratio of 1.44. The receivables turnover for the company is 3.29for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
To sum up, Cognyte Software Ltd (CGNT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
