Is Wall Street High Or Low On Cognyte Software Ltd. (CGNT)?

Cognyte Software Ltd. (NASDAQ:CGNT) finished Wednesday with an addition of $0.68 to close at $22.58, an upside of 3.11 percent. An average of 880,380 shares of common stock have been traded in the last five days. There was a gain of $1.75 in the past week. The last 20 days have seen an average of 882,550 shares traded, while the 50-day average volume stands at 596,730.

CGNT stock has decreased by -17.71% in the last month. The company shares reached their 1-month lowest point of $19.83 on 09/29/21. Shares of the company touched a low of $19.83 and a high of $38.00 in 52 weeks. In spite of this, the price is down -40.58% from the 52-week high.


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Valuation Metrics

Cognyte Software Ltd. (CGNT) has a trailing price-to-earnings (P/E) ratio of 198.07, which compares with the 29.20 for the broader industry and 37.24 for the sector. In the last five years, Cognyte Software Ltd.’s PE ratio has ranged between 855.78 and 313.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.20, the price-to-book (PB) ratio at 5.31.

The quick ratio of Cognyte Software Ltd. for the three months ended July 30 was 1.30, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending July 30. Cognyte Software Ltd.’s EBITDA margin for the year ending July 30 is 9.20%. Its gross profit as reported stood at $310.79 million compared to revenue of $443.46 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

For the three-month period that ended July 30, Cognyte Software Ltd. had $4.71 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $443.46 million in the quarter, while revenues of $0.0 were grew 96.5%. The analyst consensus anticipated Cognyte Software Ltd.’s latest quarter earnings to come in at $0.15 per share, but it turned out to be $0.17, a 13.30% surprise. For the quarter, EBITDA amounted to $6.75 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Cognyte Software Ltd. (CGNT) price momentum. RSI 9-day as of the close on 13 October was 55.76%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.16%.

As of today, CGNT’s price is $21.90 +8.40% or $1.75 from its 5-day moving average. CGNT is currently trading -18.48% lower than its 20-day SMA and -7.50% lower than its 100-day SMA. However, the stock’s current price level is -18.19% below the SMA50.

The stochastic %K and %D were 69.23% and 52.83%, respectively, and the average true range (ATR) was 0.96. With the 14-day stochastic at 88.42% and the average true range at 0.98, the RSI (14) stands at 46.75%. The stock has reached 0.82 on the 9-day MACD Oscillator while the 14-day reading was at 1.03.

Analyst Ratings

William Blair launched coverage on Cognyte Software Ltd. (NASDAQ: CGNT) in its analyst report released on July 27, 2021. The firm assigned the stock a an Outperform rating.The consensus rating for Cognyte Software Ltd. (CGNT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CGNT, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

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

Analysts predict a range of price targets between $32.00 and $42.00, with a median target of $38.00. Taking a look at these predictions, the average price target given by analysts for Cognyte Software Ltd. (CGNT) stock is $37.50.

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