Cowen Stock Analysis

COWN
 Stock
  

USD 38.67  0.07  0.18%   

The modest gains experienced by current holders of Cowen could raise concerns from institutional investors as the firm is trading at a share price of 38.67 on 515,623 in volume. The company directors and management have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in November. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.09. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Cowen partners.
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The Cowen stock analysis report makes it easy to digest most publicly released information about Cowen and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Cowen Stock analysis module also helps to analyze the Cowen price relationship with some important fundamental indicators such as market cap and management efficiency.

Cowen Stock Analysis Notes

About 99.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.03. Some equities with similar Price to Book (P/B) outperform the market in the long run. Cowen Group has Price/Earnings To Growth (PEG) ratio of 1.08. The entity last dividend was issued on the 30th of November 2022. The firm had 1:4 split on the 5th of December 2016. Cowen Inc., together with its subsidiaries, provides investment banking, research, sales and trading, prime brokerage, global clearing, securities financing, commission management, and investment management services in the United States and internationally. The company was founded in 1918 and is headquartered in New York, New York. Cowen operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. It employs 1534 people. For more info on Cowen Group please contact Peter Cohen at 646 562 1010 or go to https://www.cowen.com.

Cowen Group Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Cowen's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Cowen Group or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Cowen Group has very high historical volatility over the last 90 days
Cowen Group has a poor financial position based on the latest SEC disclosures
Over 99.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: Sanofi and Amgen will use cash if and when they bid for Horizon - FiercePharma

Cowen Group Upcoming and Recent Events

Earnings reports are used by Cowen to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Cowen previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report10th of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End10th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Cowen Largest EPS Surprises

Earnings surprises can significantly impact Cowen's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2012-08-03
2012-06-30-0.18-0.2-0.0211 
2019-10-24
2019-09-300.30.340.0413 
2012-05-04
2012-03-310.160.20.0425 
View All Earnings Estimates

Cowen SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Cowen prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Cowen investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Cowen Group specific information freely available to individual and institutional investors to make a timely investment decision.
12th of August 2022
Unclassified Corporate Event
View
3rd of August 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
2nd of August 2022
Financial Statements and Exhibits. Other Events. Amendments to Articles of Incorporation or Bylaws; and/or Change in Fiscal Year. Entry into a Material Definitive Agreement
View
29th of July 2022
Financial Statements and Exhibits. Other Events
View
28th of June 2022
Financial Statements and Exhibits. Submission of Matters to a Vote of Security Holders. Amendments to Articles of Incorporation or Bylaws; and/or Change in Fiscal Year. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
29th of April 2022
Financial Statements and Exhibits. Other Events. Results of Operations and Financial Condition
View
16th of February 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
15th of February 2022
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View

Cowen Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Cowen is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cowen Group backward and forwards among themselves. Cowen's institutional investor refers to the entity that pools money to purchase Cowen's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.8 K108 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.8 K66 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.8 K76 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.8 K101 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.8 K96 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.8 K114 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.8 K98 K
Note, although Cowen's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Cowen Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 1.08 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cowen's market, we take the total number of its shares issued and multiply it by Cowen's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Cowen Profitablity

Cowen's profitability indicators refer to fundamental financial ratios that showcase Cowen's ability to generate income relative to its revenue or operating costs. If, let's say, Cowen is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Cowen's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Cowen's profitability requires more research than a typical breakdown of Cowen's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.09 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.09 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.0.
Last ReportedProjected for 2022
Return on Investment 16.06  17.33 
Return on Average Assets 3.57  3.85 
Return on Average Equity 28.07  30.29 
Return on Invested Capital 0.038  0.041 
Return on Sales 0.21  0.23 

Management Efficiency

The entity has return on total asset (ROA) of 0.0108 % which means that it generated profit of $0.0108 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 0.0831 %, meaning that it created $0.0831 on every $100 dollars invested by stockholders. Cowen management efficiency ratios could be used to measure how well cowen group manages its routine affairs as well as how well it operates its assets and liabilities. Return on Investment is expected to rise to 17.33 this year. Return on Average Assets is expected to rise to 3.85 this year. Cowen Return on Average Assets are quite stable at the moment as compared to the past year. The company's current value of Return on Average Assets is estimated at 3.85. Tangible Assets Book Value per Share is expected to rise to 329.69 this year, although the value of Revenue to Assets will most likely fall to 0.22.
Last ReportedProjected for 2022
Book Value per Share 36.65  34.46 
Enterprise Value over EBIT 4.00  4.32 
Enterprise Value over EBITDA 4.17  4.50 
Price to Book Value 0.97  0.89 
Tangible Assets Book Value per Share 305.57  329.69 
Enterprise Value1.7 B1.4 B
Tangible Asset Value8.5 B9.1 B

Technical Drivers

As of the 5th of December, Cowen shows the Mean Deviation of 1.97, downside deviation of 2.67, and Risk Adjusted Performance of 0.0577. Cowen Group technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We are able to interpolate and break down nineteen technical drivers for Cowen Group, which can be compared to its rivals. Please confirm Cowen Group information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Cowen Group is priced correctly, providing market reflects its regular price of 38.67 per share. Given that Cowen has jensen alpha of 0.1132, we suggest you to validate Cowen Group's prevailing market performance to make sure the company can sustain itself at a future point.

Cowen Group Price Movement Analysis

Execute Study
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Cowen middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Cowen Group. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
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Cowen Group Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Cowen insiders, such as employees or executives, is commonly permitted as long as it does not rely on Cowen's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Cowen insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Cowen Predictive Daily Indicators

Cowen intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Cowen stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Cowen Forecast Models

Cowen time-series forecasting models is one of many Cowen's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Cowen's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Cowen Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Cowen prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Cowen shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as Cowen. By using and applying Cowen Stock analysis, traders can create a robust methodology for identifying Cowen entry and exit points for their positions.
Last ReportedProjected for 2022
Operating Margin 27.58  29.75 
EBITDA Margin 29.74  32.09 
Gross Margin 0.32  0.27 
Profit Margin 13.99  15.10 

Current Cowen Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Cowen analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Cowen analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
46.5Strong Buy4Odds
Cowen Group current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Cowen analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Cowen stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cowen Group, talking to its executives and customers, or listening to Cowen conference calls.
Cowen Analyst Advice Details

Cowen Stock Analysis Indicators

Cowen Group stock analysis indicators help investors evaluate how Cowen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Cowen shares will generate the highest return on investment. By understating and applying Cowen stock analysis, traders can identify Cowen position entry and exit signals to maximize returns.
Begin Period Cash Flow941470000.00
Total Stockholder Equity1136619000.00
DescriptionCowen Inc., together with its subsidiaries, provides investment banking, research, sales and trading, prime brokerage, global clearing, securities financing, commiss
Property Plant And Equipment Net119631000.00
Retained Earnings461982000.00
Cash And Short Term Investments914639000.00
Retained Earnings Total Equity461982000.00
Cash914639000.00
50 Day M A38.635
Total Current Liabilities3833444000.00
Forward Price Earnings7.1429
Common Stock Total Equity334000.00
Logo U R LimglogosUSCOWN.png
Common Stock Shares Outstanding32628000.00
Total Cashflows From Investing Activities-75544000.00
Tax Provision102039000.00
Quarterly Earnings Growth Y O Y-0.645
Warrants120750000.00
CodeCOWN
Accounts Payable119698000.00
Net Debt1394187000.00
Currency CodeUSD
Other Operating Expenses1704554000.00
Non Current Assets Total5188096000.00
Non Currrent Assets Other30005000.00
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Is Cowen's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cowen. If investors know Cowen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cowen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.65) 
Market Capitalization
1.1 B
Quarterly Revenue Growth YOY
(0.09) 
Return On Assets
0.0108
Return On Equity
0.0831
The market value of Cowen Group is measured differently than its book value, which is the value of Cowen that is recorded on the company's balance sheet. Investors also form their own opinion of Cowen's value that differs from its market value or its book value, called intrinsic value, which is Cowen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cowen's market value can be influenced by many factors that don't directly affect Cowen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cowen's value and its price as these two are different measures arrived at by different means. Investors typically determine Cowen value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cowen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.