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How to Buy Cogent Biosciences Stock

Cogent Biosciences Inc

Cogent Biosciences, Inc. , a biotechnology company, focuses on developing precision therapies for genetically defined diseases.

Cogent Biosciences stock last closed at $7.44, down 16.87% from the previous day, and has decreased 42.77% in one year. It has underperformed other stocks in the Biotechnology industry by 0.19 percentage points. Cogent Biosciences stock is currently +102.72% from its 52-week low of $3.67, and -44.93% from its 52-week high of $13.51.

There are currently 86.12M shares of COGT outstanding. The market cap of COGT is $640.76M. In the past 24 hours, 5.15M COGT shares were traded.

How to Buy Cogent Biosciences Stock

Not sure how to invest in Cogent Biosciences stock? Here's how.
  1. Choose where to buy Cogent Biosciences stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you decide where to buy Cogent Biosciences stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your investment account: Choose your method of payment and add your info.
  4. Evaluate Cogent Biosciences stock: The Cogent Biosciences ticker symbol is COGT. Is Cogent Biosciences stock a good investment? Should you buy shares of COGT? How do COGT's underlying business fundamentals look? Do top analysts think Cogent Biosciences is a good buy? Why has COGT's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if COGT is a good stock to buy).
  5. Make your COGT buy order: Decide if you will purchase COGT shares at the current market price or use a limit order to buy COGT shares at a given price.
  6. Get notifications regarding your investment in COGT: Create a watchlist to monitor your position in Cogent Biosciences stock.

Step 1: Choose where to buy Cogent Biosciences stock

You will need a brokerage account to access the NASDAQ market and buy COGT shares.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've chosen the best brokerage, it's time to fill out some personal info so you are able to invest in COGT stock today.

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Step 3: Fund your investment account

Now that you have filled out your info on our top ranked stock trading app, you need to deposit funds:

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Step 4: Evaluate Cogent Biosciences stock

After you have selected the best place to buy Cogent Biosciences stock, it's critical to analyze their stock before you invest, so you can comprehend the risk and upside.

Cogent Biosciences stock at a glance

COGT Price
$7.44
1w %
-17.52%
1y %
-42.77%
5y %
-56.64%
P/E
-3.19x
P/B
2.12x
P/S
N/A
PEG
N/A
Revenue
$0.00
Earnings
-$177.66M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$640.76M
Next Earnings
Mar 12, 2024
Next Dividend
N/A

COGT Zen Score

WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis in less time.

You can view all of the due diligence checks on COGT's stock page.

Is COGT stock undervalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge COGT's fair value.

Using relative valuations ratios:

  • COGT may be undervalued based on its P/B ratio of 2.12x, relative to Biotechnology industry P/B ratio of 6.12x

You can do more valuation analysis on COGT's stock here.

A quick look at COGT Financials

Positive Health Checks:

  • COGT has cash burn of 143410000. It has enough cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the COGT balance sheet.
  • There are more short-term assets than long-term liabilities on the COGT balance sheet.
  • Total COGT debt is lower than 5 years ago, relative to shareholder equity.
  • COGT has a low debt to equity ratio of 0.17.

Negative Health Checks:

  • COGT has $279.04M in cash and short term investments. This is not enough to cover its annual cash burn of $143.41M.

Do analysts think it's a good time to buy Cogent Biosciences stock

Out of 5 Wall Street analysts who give forecasts on COGT, the consensus analyst rating on COGT is a Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are projecting on the Cogent Biosciences stock forecast page.

Metrics for Advanced COGT Traders

SMA10
7.73
SMA20
6.42
SMA50
5.66
SMA100
6.98
SMA200
9.42
MACD
0.86
MACD Signal
0.62
MACD Histogram
0.24
RSI
56.27
Stochastic %K
69.57
Stochastic %D
77.78
StochRSI %K
64.1
StochRSI %D
80.19

COGT Performance Metrics

Last year, COGT revenue was $0.00. Over the last five year, COGT's revenue has grown by -100% per year. This was slower than the Biotechnology industry average of 36.58%.

Dive into COGT's earnings and revenue performance here.

What are COGT executives and large shareholders up to?

Over the past year, executives and large shareholders at COGT have bought more shares than they have sold.

Fairmount Funds Management LLC, 10% Owner of COGT, was the latest COGT insider to buy. They bought $8,749,995.00 worth of COGT shares on Feb 16, 2024.

Dig into more about who owns COGT stock here.

Can I get consistent income from COGT stock?

No, Cogent Biosciences doesn't provide an income stream by paying out dividends.

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Step 5: Make your COGT buy order

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly fine.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a specific price, place a limit order.

Hit the Open Trade button and your broker will place your order.

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Step 6: Get notifications regarding your investment in COGT

Now that you own some shares in COGT, you'll want to stay up-to-date on your shares.

Put COGT on a watchlist to monitor your COGT stock.

COGT Feed

How to Buy Stock in Cogent Biosciences

To reiterate, here are the 6 steps to buy Cogent Biosciences stock:

  1. Choose where to buy Cogent Biosciences stock
  2. Sign up for a brokerage account
  3. Fund your investment account
  4. Evaluate Cogent Biosciences stock
  5. Make your COGT buy order
  6. Get notifications regarding your investment in COGT

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If you would like to keep track of your investment in Cogent Biosciences, get started below.

NASDAQ: COGT
$7.44-1.51 (-16.87%)
Updated Feb 23, 2024
Open eToro Account
NASDAQ: COGT
$7.44-1.51 (-16.87%)
Updated Feb 23, 2024
Open eToro Account

FAQ

How much does it cost to buy one Cogent Biosciences share?

As of Feb 23, 2024, it costs $7.44 to buy one share of Cogent Biosciences stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.403 shares of COGT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Cogent Biosciences stock?

According to 5 Wall Street analysts who monitor Cogent Biosciences, their consensus recommendation is to buy Cogent Biosciences stock.

What is the best way to buy Cogent Biosciences stock?

One way to place an order for Cogent Biosciences stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.