Shares of Cognition Therapeutics, Inc. (NASDAQ:CGTX – Get Free Report) have earned a consensus rating of “Moderate Buy” from the four brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $3.3333.
A number of equities analysts have recently commented on the company. Wall Street Zen downgraded Cognition Therapeutics from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. HC Wainwright restated a “buy” rating on shares of Cognition Therapeutics in a report on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cognition Therapeutics in a research report on Wednesday, June 24th.
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Hedge Funds Weigh In On Cognition Therapeutics
Cognition Therapeutics Stock Up 0.5%
NASDAQ CGTX traded up $0.01 during trading hours on Friday, hitting $1.06. 41,360 shares of the stock were exchanged, compared to its average volume of 1,075,277. The stock has a 50-day moving average of $1.00 and a 200 day moving average of $1.09. The company has a market cap of $101.28 million, a price-to-earnings ratio of -6.26 and a beta of 1.79. Cognition Therapeutics has a 12-month low of $0.55 and a 12-month high of $2.05.
Cognition Therapeutics (NASDAQ:CGTX – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. On average, equities research analysts expect that Cognition Therapeutics will post -0.3 earnings per share for the current year.
About Cognition Therapeutics
Cognition Therapeutics, Inc is a clinical-stage biotechnology company focused on developing medicines for neurodegenerative diseases. The company’s research centers on the sigma-2 receptor, also known as SIGMAR2, a protein believed to play a role in the cellular processes associated with cognitive decline and neurodegeneration.
Cognition Therapeutics’ lead product candidate is CT1812, an orally administered, brain-penetrant small molecule designed to modulate SIGMAR2. The investigational therapy is being evaluated for Alzheimer’s disease and other forms of dementia, including dementia with Lewy bodies.
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