Cg Oncology Inc. (NASDAQ:CGON) shares traded 0.47% higher at $33.89 on Wall Street last session.
CGON stock price is now -2.20% away from the 50-day moving average and -10.07% away from the 200-day moving average. The market capitalization of the company currently stands at $2.26B.
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With the price target of $55, Morgan Stanley recently initiated with Overweight rating for Cg Oncology Inc. (NASDAQ: CGON). On February 20, 2024, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $42, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Decheng Capital Global Life Sc, 10% Owner bought 400,000 shares of the company’s stock on Jan 29 ’24. The stock was bought for $7,600,000 at an average price of $19.00. Upon completion of the transaction, the 10% Owner now directly owns 400,000 shares in the company, valued at $13.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 29 ’24, Director Song Hong Fang bought 263,157 shares of the business’s stock. A total of $4,999,983 was incurred on buying the stock at an average price of $19.00. This leaves the insider owning 613,928 shares of the company worth $20.81 million. A total of 38.90% of the company’s stock is owned by insiders.
During the past 12 months, Cg Oncology Inc. has had a low of $25.77 and a high of $50.23. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 57.95, and a quick ratio of 57.95. The fifty day moving average price for CGON is $34.5486 and a two-hundred day moving average price translates $37.646137 for the stock.
The latest earnings results from Cg Oncology Inc. (NASDAQ: CGON) was released for 2024-03-31.
