Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Cyngn Inc (NASDAQ: CYN) closed the day trading at $5.7 up 3.64% from the previous closing price of $5.5. In other words, the price has increased by $3.64 from its previous closing price. On the day, 24.28 million shares were traded. CYN stock price reached its highest trading level at $6.73 during the session, while it also had its lowest trading level at $5.65.
Ratios:
For a better understanding of CYN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 14.22 and its Current Ratio is at 14.54. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.14.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of . The stock’s future direction. In the most recent recommendation for this company, Aegis Capital on November 16, 2021, initiated with a Buy rating and assigned the stock a target price of $13.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CYN now has a Market Capitalization of 40123816 and an Enterprise Value of 7509062. For the stock, the TTM Price-to-Sale (P/S) ratio is 93.32 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 17.269 whereas that against EBITDA is -0.356.
Stock Price History:
The Beta on a monthly basis for CYN is 0.07, which has changed by -0.9909308 over the last 52 weeks, in comparison to a change of 0.13724327 over the same period for the S&P500. Over the past 52 weeks, CYN has reached a high of $1312.50, while it has fallen to a 52-week low of $3.62. The 50-Day Moving Average of the stock is -2.19%, while the 200-Day Moving Average is calculated to be -64.99%.
Shares Statistics:
Over the past 3-months, CYN traded about 421.73K shares per day on average, while over the past 10 days, CYN traded about 2798840 shares per day. A total of 7.04M shares are outstanding, with a floating share count of 7.03M. Insiders hold about 0.18% of the company’s shares, while institutions hold 10.12% stake in the company. Shares short for CYN as of 1759190400 were 610045 with a Short Ratio of 1.45, compared to 1756425600 on 782078. Therefore, it implies a Short% of Shares Outstanding of 610045 and a Short% of Float of 9.659999599999999.
Earnings Estimates
. The current rating of Cyngn Inc (CYN) reflects the combined expertise of 1 analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is -$1, with high estimates of -$1 and low estimates of -$1.
Analysts are recommending an EPS of between -$6.97 and -$6.97 for the fiscal current year, implying an average EPS of -$6.97. EPS for the following year is -$3.63, with 1.0 analysts recommending between -$3.63 and -$3.63.
Revenue Estimates
1 analysts predict $100k in revenue for . The current quarter. It ranges from a high estimate of $100k to a low estimate of $100k. As of . The current estimate, Cyngn Inc’s year-ago sales were $47.58kFor the next quarter, 1 analysts are estimating revenue of $300k. There is a high estimate of $300k for the next quarter, whereas the lowest estimate is $300k.
A total of 1 analysts have provided revenue estimates for CYN’s current fiscal year. The highest revenue estimate was $481k, while the lowest revenue estimate was $481k, resulting in an average revenue estimate of $481k. In the same quarter a year ago, actual revenue was $368.14kBased on 1 analysts’ estimates, the company’s revenue will be $7.5M in the next fiscal year. The high estimate is $7.5M and the low estimate is $7.5M.
