Why is COSYN falling/rising?
As of 14-Aug, COSYN Ltd's stock price is 21.73, having increased by 1.26% recently, but it has a significant year-to-date decline of 51.70% and poor long-term fundamentals, raising concerns about its financial health and recovery prospects. Despite short-term outperformance against its sector, the stock's declining delivery volume indicates a lack of investor confidence.
As of 14-Aug, COSYN Ltd's stock price is currently at 21.73, reflecting an increase of 0.27 or 1.26%. The stock has been gaining for the last two days, with a total return of 6% during this period, and it has outperformed its sector by 1.04%. However, the stock has shown a significant decline over the longer term, with a year-to-date drop of 51.70% and a one-year return of -47.00%. The company's weak long-term fundamentals, highlighted by a -199.39% CAGR growth in operating profits over the last five years and a negative EBITDA, contribute to its overall riskiness. Additionally, the company's ability to service its debt is poor, as indicated by a negative EBIT to interest ratio of -0.72, which raises concerns about its financial health.In the broader market context, COSYN's recent performance contrasts with the benchmark Sensex, which has shown a modest gain of 3.15% year-to-date. While COSYN has outperformed its sector in the short term, its long-term performance remains below par, as evidenced by its significant underperformance against the BSE500 over the past three years, one year, and three months. The stock's declining delivery volume, which has fallen by 76.56% against the five-day average, suggests a lack of investor confidence, further complicating its recovery prospects in the current market environment.
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