Alpha Cognition (NASDAQ:ACOG - Get Free Report) released its earnings results on Thursday. The company reported ($0.65) earnings per share for the quarter, beating the consensus estimate of ($0.84) by $0.19, Zacks reports.
Alpha Cognition Stock Performance
Shares of Alpha Cognition stock traded down $1.99 during trading hours on Thursday, hitting $8.00. The company's stock had a trading volume of 233,385 shares, compared to its average volume of 89,692. The business has a 50 day moving average price of $9.70 and a two-hundred day moving average price of $7.38. Alpha Cognition has a 12-month low of $3.75 and a 12-month high of $11.54. The company has a market cap of $128.16 million, a PE ratio of -6.67 and a beta of 2.72.
Institutional Investors Weigh In On Alpha Cognition
A hedge fund recently bought a new stake in Alpha Cognition stock. Geode Capital Management LLC acquired a new position in shares of Alpha Cognition Inc. (NASDAQ:ACOG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,992 shares of the company's stock, valued at approximately $112,000. Geode Capital Management LLC owned about 0.07% of Alpha Cognition at the end of the most recent reporting period.
Analyst Ratings Changes
Separately, HC Wainwright reiterated a "buy" rating and set a $20.00 target price on shares of Alpha Cognition in a research report on Friday, May 16th.
Check Out Our Latest Analysis on ACOG
Alpha Cognition Company Profile
(
Get Free Report)
Alpha Cognition, Inc is a clinical stage biopharmaceutical company that develops treatments for underserved neurodegenerative diseases such as Alzheimer's Dementia and Amyotrophic Lateral Sclerosis. The company was founded in 2000 and is headquartered in Vancouver, Canada.
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