41.00
13.26%
+4.80
After Hours:
41.00
CG Oncology, Inc. stock is currently priced at $41.00, with a 24-hour trading volume of 819.03K.
It has seen a +13.26% increased in the last 24 hours and a +0.32% rose in the past month.
The chart indicates a potential bullish trend, as the stock is above the $35.62 pivot point. If it approaches the $38.75 resistance level, significant changes may occur.
Previous Close:
$36.20
Open:
$36.93
24h Volume:
819.03K
Market Cap:
$2.73B
Revenue:
-
Net Income/Loss:
-
P/E Ratio:
-
EPS:
-
Net Cash Flow:
-
1W Performance:
+16.02%
1M Performance:
+0.32%
6M Performance:
+0.00%
1Y Performance:
+0.00%
CG Oncology, Inc. Stock (CGON) Company Profile
Name
CG Oncology, Inc.
Sector
Industry
Phone
(949) 419-6203
Address
400 SPECTRUM CENTER DRIVE SUITE 2040 IRVINE
CG Oncology, Inc. Stock (CGON) Upgrades & Downgrades
Date | Action | Analyst | Rating Change |
---|---|---|---|
Feb-14-24 | Initiated | H.C. Wainwright | Buy |
CG Oncology, Inc. Stock (CGON) Latest News
CG Oncology to Host Virtual Investor Event on Friday, May 3, 2024
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CG Oncology to Present Results on Cretostimogene at the AUA 2024 Annual Meeting
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CG Oncology, Inc. Stock (CGON) Financials Data
There is no financial data for CG Oncology, Inc. (CGON). Check out other stocks for more information.
About CG Oncology, Inc.
CG Oncology, Inc. is a dynamic late-stage clinical biopharmaceutical company with a strong focus on revolutionizing the treatment landscape for bladder cancer patients. Our commitment is rooted in the development and commercialization of a potential groundbreaking bladder-sparing therapeutic, addressing a critical need in urologic oncology. We envision a future where our innovative immunotherapies empower urologic cancer patients to lead dignified lives with an enhanced quality of life. As part of its strategic growth plan, CG Oncology is set to launch an initial public offering (IPO) with the goal of raising over $180 million. In a recent filing with the Securities and Exchange Commission (SEC), the company outlined its intention to offer more than 11 million shares of common stock, priced between $16 and $18 per share. Additionally, an extra 1.7 million shares are earmarked for underwriters, potentially bringing the total proceeds to an impressive $209 million if the offering is priced at $17 per share.The company, poised to list on the Nasdaq under the ticker symbol CGON, anticipates that, combined with its existing resources, it will have a capital pool of approximately $368.7 million following the IPO. With a strategic allocation of funds, CG Oncology plans to allocate around $155 million from the offering, along with existing resources, to advance the research and development of its promising bladder cancer candidate, cretostimogene. This includes financial support for critical manufacturing activities. The remaining funds will be directed towards working capital and pre-commercialization activities. The company's comprehensive plan involves utilizing the net proceeds to complete ongoing clinical trials, such as BOND-003 and CORE-001, and achieving full enrollment for the PIVOT-006 clinical trial. Furthermore, CG Oncology aims to initiate and report topline data for the planned CORE-008 clinical trial. While the primary focus is on advancing its core therapeutic candidates, CG Oncology remains open to strategic opportunities. The company may consider using the funds to acquire, in-license, or invest in complementary businesses, technologies, or assets, although no specific commitments have been made. With this financial infusion, CG Oncology anticipates a robust cash runway extending into the second half of 2027, reflecting its commitment to long-term success and delivering transformative solutions for bladder cancer patients.
Cap:
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Volume (24h):