Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cognyte Software Ltd before investing.

In this article, we go over a few key elements for understanding Cognyte Software Ltd’s stock price such as:

• Cognyte Software Ltd’s current stock price and volume
• Why Cognyte Software Ltd’s stock price changed recently
• Upgrades and downgrades for CGNT from analysts
• CGNT’s stock price momentum as measured by its relative strength

About Cognyte Software Ltd (CGNT)

Before we jump into Cognyte Software Ltd’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Cognyte Software Ltd is an Israel-based company. The main activity is focused on providing security and analytics software. The Company designs software that empowers governments and enterprises with Actionable Intelligence for solutions accelerate security investigations to successfully identify, neutralize, and prevent threats.

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Cognyte Software Ltd’s Stock Price as of Market Close

As of November 30, 2023, 4:00 PM, CST, Cognyte Software Ltd’s stock price was $5.13.

Cognyte Software Ltd is down 5% from its previous closing price of $5.40.

During the last market session, Cognyte Software Ltd’s stock traded between $4.96 and $5.43. Currently, there are 70.13 million shares of Cognyte Software Ltd stock available for purchase.

Unfortunately, Cognyte Software Ltd’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Cognyte Software Ltd Stock Price History

Cognyte Software Ltd’s (CGNT) price is currently up 22.73% so far this month.

During the month of November, Cognyte Software Ltd’s stock price has reached a high of $5.43 and a low of $4.01.

Over the last year, Cognyte Software Ltd has hit prices as high as $6.23 and as low as $2.31. Year to date, Cognyte Software Ltd’s stock is down 67.26%.

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What Caused Cognyte Software Ltd Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of November 29, 2023,, no analysts have changed their rating of Cognyte Software Ltd’s stock over the last month.

Additionally, you'll want to evaluate Cognyte Software Ltd’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cognyte Software Ltd’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cognyte Software Ltd’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cognyte Software Ltd (CGNT) by visiting AAII Stock Evaluator.

Relative Price Strength of Cognyte Software Ltd

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 29, 2023, Cognyte Software Ltd has a weighted four-quarter relative price strength of 14.11%, which translates to a Momentum Score of 92 and is considered to be Very Strong.

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Cognyte Software Ltd Stock Price: Bottom Line

As of November 30, 2023, Cognyte Software Ltd’s stock price is $5.13, which is down 5% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cognyte Software Ltd stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.