It’s been a tough few weeks for Cgo shareholders. The share price has taken a beating, falling from $1.20 to just $0.60 in the space of a fortnight. What’s behind this sudden sell-off?
And is there any hope for a recovery? Let’s take a look.
There are a few key factors that have weighed on the Cgo share price recently.
Firstly, the company issued a profit warning last month, saying that profits would be lower than expected due to higher costs and weaker demand. This sent shockwaves through the market, and investors started selling their shares en masse.
Secondly, there have been concerns about Cgo’s ability to service its debt obligations.
The company has been hit hard by the pandemic, and its cash flow has taken a hit as a result. This has led to worries that Cgo may not be able to meet its interest payments in the future.
Thirdly, there is competition looming on the horizon.
A new player is entering the market, and they are offering a similar product at a lower price point. This is putting pressure on Cgo to cut prices, which will further eat into margins.
CGO Group Share Price
The CGO Group Inc. is a publicly traded company on the Toronto Stock Exchange (TSX: CGO). As of February 28, 2017, the Company had a market capitalization of CAD $74.55 million.
The Company’s share price has been on a roller coaster ride over the last 52 weeks, ranging from a high of CAD $0.80 to a low of CAD $0.42. As of close on March 1, 2017, the CGO Group’s share price was CAD $0.54. So what’s driving the ups and downs in the company’s share price?
One key factor appears to be earnings releases. The CGO Group posted strong results for its fiscal year ended September 30, 2016 with revenue up 38% to CAD $43.1 million and adjusted EBITDA increasing by 46% to CAD $10.4 million compared to the prior year period. However, more recently, in its first quarter results for fiscal 2017 released on November 14, 2016, the company missed analyst expectations with revenue coming in at CAD $9 million versus expectations of CAD $9.4 million and adjusted EBITDA declining 5% year-over-year to CAD $2 million below analyst forecasts of CAD $2.4 million .
This resulted in a sell-off in the stock price which then partially recovered after management provided guidance that it expects full-year results for fiscal 2017 to be in line with analysts’ estimates .
Other factors that have impacted the stock price include announcements related to new contracts wins as well as rumors about potential acquisition targets . For example , shares spiked 13% on December 21 st , 2016 after it was announced that CGO had been awarded two new contracts worth approximately US$24 million in total .
Most recently , shares were down 3% on March 1 st after Bloomberg reported that private equity firm KKR & Co LP was considering acquiring peer group analytics firm Dun & Bradstreet Corp for upwards of US$6 billion which could potentially impact consolidation activity within the sector . Overall though it seems that positive news such as new contract awards continues to result in share price gains while negative news such as quarterly misses or rumored M&A activity puts pressure on the stock .
Boil Share Price
Boil Share Price is a website that provides detailed information about the stock market. It includes data on major exchanges, such as the New York Stock Exchange and the Nasdaq, as well as smaller markets. The site also offers an overview of the different types of stocks, mutual funds, and ETFs.
Credit: www.thecgo.org
What is the Cgo Share Price
CGo Group Inc. (CGOG) is a publicly traded holding company with a focus on technology investments. The Company’s current portfolio includes an online marketplace for the sale of used books, as well as equity stakes in two early stage companies developing innovative software solutions. CGOG was founded in 2010 and is headquartered in Boston, MA.
The current share price for CGo Group Inc can be found here: https://finance.yahoo.com/quote/CGOG?
How Can I Buy Cgo Shares
Cgo shares are not currently available for purchase on any US stock exchange. However, you may be able to find a broker that will allow you to trade OTC-listed securities. You can also look into foreign exchanges, as Cgo shares are traded on the Frankfurt Stock Exchange.
How Do I Sell My Cgo Shares
If you’re looking to sell your Cgo shares, there are a few things you’ll need to do. First, you’ll need to find a broker who is willing to buy them. You can usually find a broker by contacting your local stock exchange or by searching online.
Once you’ve found a buyer, you’ll need to agree on a price and then complete the transaction.
CGO Price and Volume Analysis by 650 Day Look Back CGO Stock Analysis for Calamos Global Total Retur
Conclusion
Cgo Group Limited (ASX:CGO) share price has soared on the back of a strong trading update which showed that the company is on track to deliver significant growth in FY 2021. The provider of digital customer engagement solutions now expects to report revenue in excess of $70 million for the year, up from $52.5 million in FY 2020. This includes organic growth of around 30% and acquisition-driven growth of approximately 10%.
