Research Recommendations For Cognyte Software Ltd. (CGNT): Here is What You Should Know

Cognyte Software Ltd. (NASDAQ:CGNT) saw an upside of 1.16% to close Monday at $21.89 after adding $0.25 on the day. The 5-day average trading volume is 670,520 shares of the company’s common stock. It has gained $22.92 in the past week. An average of 814,755 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 584,170.

CGNT’s 1-month performance is -18.75% or -$5.05 on its low of $19.83 reached on 09/29/21. The company’s shares have touched a 52-week low of $19.83 and high of $38.00. YTD, CGNT has lost -27.03%. However, the current price is down -42.39%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 855.78 and a low of 313.33. CGNT stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.11 while the price-to-book (PB) in the most recent quarter is 5.15.

Cognyte Software Ltd.’s quick ratio for the period ended July 30 was 1.30, with the current ratio over the same period at 1.40 meaning that CGNT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 71.60%. The trailing 12-month EBITDA margin is 9.20%. The firm’s gross profit as reported stood at $310.79 million against revenue of $443.46 million.

Earnings Surprise

For the quarterly period ending July 30 this year, Cognyte Software Ltd.’s cash and short-term investments amounted to $4.71 million against total debt of $20.72 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 96.5% to $443.46 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected CGNT to announce $0.15 per share in earnings in its latest quarter, but it posted $0.17, representing a 13.30% surprise. EBITDA for the quarter stood at more than $6.75 million. CGNT stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 271.52 million, with total debt at $20.72 million

Technical Picture

Let’s look briefly at Cognyte Software Ltd. (CGNT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 45.99% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.15%.

The stock’s 5-day moving average is $21.28, reflecting a +7.89% or $1.60 change from its current price. CGNT is currently trading -19.28% above its 20-day SMA, -8.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.71%.

Stochastic %K and %D was 37.38% and 25.15% and the average true range (ATR) pointed at 0.97. The RSI (14) points at 40.20%, while the 14-day stochastic is at 52.28% with the period’s ATR at 0.99. The stock’s 9-day MACD Oscillator is pointing at 0.80 and 0.59 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Cognyte Software Ltd. (NASDAQ: CGNT), William Blair launched coverage with an Outperform rating. Analysts offering their rating for CGNT stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CGNT as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

What is CGNT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $32.00 and a high of $42.00, with their median price target at $38.00. Looking at these predictions, the average price target given by analysts is for Cognyte Software Ltd. (CGNT) stock is $37.50.

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