Cosan ( (CSAN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Cosan’s stock is experiencing unusual movement due to anticipation around its upcoming Q3 earnings report. Analysts expect earnings per share of $0.13 and revenue of $7.17 billion. Previously, the company missed earnings estimates, which negatively impacted its stock performance, although it saw a slight rise of 0.50% the following day. Despite a year-to-date decline of 0.75%, Wall Street maintains a Hold rating on the stock, with an average price target indicating a potential downside of over 11%.
More about Cosan
YTD Price Performance: -0.75%
Average Trading Volume: 2,187,160
Technical Sentiment Signal: Sell
Current Market Cap: $4.3B
For further insights into CSAN stock on TipRanks’ Stock Analysis page.
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