Cogent Biosciences Stock Forecast, Price & News

Cogent Biosciences' stock was trading at $0.3736 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, UMRX shares have increased by 529.0% and is now trading at $2.35.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cogent Biosciences in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Cogent Biosciences, Inc. (NASDAQ:UMRX) posted its earnings results on Tuesday, August, 11th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.21) by $0.03. The company earned $0.53 million during the quarter. Cogent Biosciences had a negative return on equity of 87.78% and a negative net margin of 96.84%.
View Cogent Biosciences' earnings history.

4 analysts have issued 12 month price objectives for Cogent Biosciences' stock. Their forecasts range from $4.00 to $4.00. On average, they expect Cogent Biosciences' share price to reach $4.00 in the next twelve months. This suggests a possible upside of 70.2% from the stock's current price.
View analysts' price targets for Cogent Biosciences.

Some companies that are related to Cogent Biosciences include Arcus Biosciences (RCUS), Revance Therapeutics (RVNC), NGM Biopharmaceuticals (NGM), Heron Therapeutics (HRTX), CytoDyn (CYDY), Keros Therapeutics (KROS), Zealand Pharma A/S (ZEAL), Arcturus Therapeutics (ARCT), Ligand Pharmaceuticals (LGND), MacroGenics (MGNX), Rhythm Pharmaceuticals (RYTM), Athenex (ATNX), Phathom Pharmaceuticals (PHAT), Ocular Therapeutix (OCUL) and Kiniksa Pharmaceuticals (KNSA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Cogent Biosciences investors own include Matinas BioPharma (MTNB), Gran Tierra Energy (GTE), ADMA Biologics (ADMA), Bionano Genomics (BNGO), Pennsylvania Real Estate Investment Trust (PEI), Cannabics Pharmaceuticals (CNBX), KushCo (KSHB), Novan (NOVN), Aeterna Zentaris (AEZS) and Zosano Pharma (ZSAN).

(UMRX) raised $75 million in an initial public offering on Thursday, March 29th 2018. The company issued 5,800,000 shares at a price of $12.00-$14.00 per share. Morgan Stanley and Cowen acted as the underwriters for the IPO and SunTrust Robinson Humphrey and Wedbush Securities were co-managers.

Cogent Biosciences trades on the NASDAQ under the ticker symbol "UMRX."

Shares of UMRX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of UMRX stock can currently be purchased for approximately $2.35.

Cogent Biosciences has a market capitalization of $99.80 million and generates $22.50 million in revenue each year. The company earns $-31,830,000.00 in net income (profit) each year or ($1.04) on an earnings per share basis. Cogent Biosciences employs 72 workers across the globe.

The official website for Cogent Biosciences is www.unumrx.com.

Cogent Biosciences' mailing address is 200 CAMBRIDGE PARK DRIVE SUITE 3100, CAMBRIDGE MA, 02140. The company can be reached via phone at (617) 945-5576 or via email at [email protected]