Cosmos Health Inc. (NASDAQ:COSM) finished Wednesday with an addition of $0.13 to close at $1.29, an upside of 11.59 percent. An average of 1,207,553 shares of common stock have been traded in the last five days. There was a gain of $0.0250 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,001,103 shares traded, while the 50-day average volume stands at 608,235.
COSM stock has decreased by -59.17% in the last month. The company shares reached their 1-month lowest point of $1.1100 on 08/07/23. With the stock rallying to its 52-week high on 01/26/23, shares of the company touched a low of $1.11 and a high of $23.84 in 52 weeks. It has reached a new high 5 times so far this year and lost -71.61% or -$3.3050 in price. In spite of this, the price is down -94.57% from the 52-week high.
Valuation Metrics
Cosmos Health Inc. (COSM) stock’s beta is 3.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.36, the price-to-book (PB) ratio at 0.31.
Financial Health
The quick ratio of Cosmos Health Inc. for the recent quarter was 2.50, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.07 and a total debt to equity ratio of 0.20 for the recent quarter. Cosmos Health Inc.’s EBITDA margin is -14.47%, while its operating margin for the same period stands at -17.40%. Its gross profit as reported stood at $5.96 million compared to revenue of $50.35 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cosmos Health Inc.’s return on assets was -102.50%.
Earnings Surprise
For the recent quarter, Cosmos Health Inc. had $20000.0 in cash and short-term investments compared to $2.73 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$0.46 million in the quarter, while revenues were grew 143.48%. Shareholders own equity worth $10.62 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Cosmos Health Inc. (COSM) price momentum. RSI 9-day as of the close on 09 August was 30.46%, suggesting the stock is Neutral, with historical volatility in this time frame at 161.99%.
As of today, COSM’s price is $1.2670 +2.03% or $0.0250 from its 5-day moving average. COSM is currently trading -62.54% lower than its 20-day SMA and -63.73% lower than its 100-day SMA. However, the stock’s current price level is -60.90% below the SMA50 and -37.01% below the SMA200.
The stochastic %K and %D were 15.48% and 15.01%, respectively, and the average true range (ATR) was 0.2157. With the 14-day stochastic at 16.86% and the average true range at 0.2183, the RSI (14) stands at 28.47%. The stock has reached -0.0622 on the 9-day MACD Oscillator while the 14-day reading was at -0.1775.
