How to buy Cowen stock - 17 April

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How to buy Cowen stock

Own Cowen stock in just a few minutes.

Cowen Inc is a capital markets business based in the US. Cowen shares (COWN) are listed on the NASDAQ and all prices are listed in US Dollars. Cowen employs 1,364 staff and has a trailing 12-month revenue of around USD$1.4 billion.

How to buy shares in Cowen

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Cowen. Find the stock by name or ticker symbol: COWN. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Cowen reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Cowen, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Cowen. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Cowen share price

Use our graph to track the performance of COWN stocks over time.

Cowen shares at a glance

Information last updated 2021-04-15.
52-week rangeUSD$8.3711 - USD$43.17
50-day moving average USD$36.7454
200-day moving average USD$27.6765
Wall St. target priceUSD$53.6
PE ratio 5.3549
Dividend yield USD$0.24 (0.65%)
Earnings per share (TTM) USD$7.1

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Cowen stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Cowen under- or over-valued?

Valuing Cowen stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cowen's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Cowen's P/E ratio

Cowen's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 5x. In other words, Cowen shares trade at around 5x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Cowen's PEG ratio

Cowen's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.08. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Cowen's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Cowen financials

Revenue TTM USD$1.4 billion
Operating margin TTM 10.22%
Gross profit TTM USD$1.2 billion
Return on assets TTM 3.19%
Return on equity TTM 16.8%
Profit margin 15.1%
Book value $32.34
Market capitalisation USD$1 billion

TTM: trailing 12 months

Shorting Cowen shares

There are currently 5.2 million Cowen shares held short by investors – that's known as Cowen's "short interest". This figure is 4.4% up from 5.0 million last month.

There are a few different ways that this level of interest in shorting Cowen shares can be evaluated.

Cowen's "short interest ratio" (SIR)

Cowen's "short interest ratio" (SIR) is the quantity of Cowen shares currently shorted divided by the average quantity of Cowen shares traded daily (recently around 928862.72401434). Cowen's SIR currently stands at 5.58. In other words for every 100,000 Cowen shares traded daily on the market, roughly 5580 shares are currently held short.

However Cowen's short interest can also be evaluated against the total number of Cowen shares, or, against the total number of tradable Cowen shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cowen's short interest could be expressed as 0.19% of the outstanding shares (for every 100,000 Cowen shares in existence, roughly 190 shares are currently held short) or 0.2037% of the tradable shares (for every 100,000 tradable Cowen shares, roughly 204 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Cowen.

Find out more about how you can short Cowen stock.

Cowen share dividends

2%

Dividend payout ratio: 2.28% of net profits

Recently Cowen has paid out, on average, around 2.28% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.86% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Cowen shareholders could enjoy a 0.86% return on their shares, in the form of dividend payments. In Cowen's case, that would currently equate to about $0.24 per share.

While Cowen's payout ratio might seem low, this can signify that Cowen is investing more in its future growth.

Cowen's most recent dividend payout was on 14 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 25 February 2021 (the "ex-dividend date").

Have Cowen's shares ever split?

Cowen's shares were split on a 1:4 basis on 4 December 2016. So if you had owned 4 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Cowen shares – just the quantity. However, indirectly, the new 300% higher share price could have impacted the market appetite for Cowen shares which in turn could have impacted Cowen's share price.

Cowen share price volatility

Over the last 12 months, Cowen's shares have ranged in value from as little as $8.3711 up to $43.17. A popular way to gauge a stock's volatility is its "beta".

COWN.US volatility(beta: 1.45)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Cowen's is 1.4517. This would suggest that Cowen's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Cowen overview

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. It operates in two segments, Operating Company (Op Co) and Asset Company (Asset Co). The company offers public and private capital raising, and strategic advisory services for public and private companies. It also trades common stocks, listed options, equity-linked securities, and other financial instruments on behalf of institutional investor clients. In addition, the company offers investment products and solutions in the liquidity spectrum to institutional and private clients, as well as provides investment research services. Further, it is involved in the private investment, private real estate investment, and other legacy investment activities.

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