Not a good buy right now for an impatient entry: price is slipping below near-term support (S1 ~8.448) with bearish momentum (MACD histogram negative and expanding).
Any near-term bounce case is mainly an oversold/mean-reversion setup (RSI_6 ~28.7) rather than a confirmed uptrend; upside levels to beat are Pivot ~8.914 then R1 ~9.38.
Fundamentals are improving (revenue up, losses narrowing), but the tape and signal stack do not support an “buy now” decision.
Technical Analysis
Trend/Momentum: MACD histogram -0.0594 below zero and negatively expanding → bearish momentum is strengthening.
RSI: RSI_6 at 28.747 → leaning oversold; this can support a short-term bounce, but it is not a trend reversal by itself.
Moving averages: converging MAs → indecision/transition phase, not a confirmed uptrend.
Key levels: Pre-market ~8.43 sits just under S1 (8.448); next support S2 ~8.16. Overhead resistance is Pivot ~8.914, then R1 ~9.38.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Positioning/Skew: Put/Call OI ratio 0.12 (calls heavily outweigh puts: call OI 10,723 vs put OI 1,330) → bullish positioning bias.
Volatility: 30D IV ~73.54 with IV percentile ~89.6 → options are pricing elevated moves/uncertainty.
Activity: Today’s options volume reported as 0 (no fresh volume signal), but today’s open interest (~12,053) is ~115% vs avg 30D → notable existing positioning.
No analyst rating/price target change data provided here, so recent upgrades/downgrades and target revisions cannot be confirmed.
Wall Street-style pros (based on provided fundamentals): accelerating revenue and expanding gross margin with narrowing losses.
Wall Street-style cons: still negative earnings, and current price action shows weakening momentum near support (market not yet rewarding the improving fundamentals).
Politicians/Congress: no recent congress trading data available in the last 90 days.
Wall Street analysts forecast CGNT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CGNT is 0 USD with a low forecast of 0 USD and a high forecast of 0 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Analyst Rating
0
Wall Street analysts forecast CGNT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CGNT is 0 USD with a low forecast of 0 USD and a high forecast of 0 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
