Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Cyngn Inc (NASDAQ: CYN) was $2.38 for the day, down -3.25% from the previous closing price of $2.46. In other words, the price has decreased by -$3.25 from its previous closing price. On the day, 0.57 million shares were traded. CYN stock price reached its highest trading level at $2.48 during the session, while it also had its lowest trading level at $2.23.
Ratios:
Our analysis of CYN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 9.76 and its Current Ratio is at 9.99. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.17.
Upgrades & Downgrades
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 18979028 and an Enterprise Value of -9182735. For the stock, the TTM Price-to-Sale (P/S) ratio is 41.26 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at -20.084 whereas that against EBITDA is 0.383.
Stock Price History:
The Beta on a monthly basis for CYN is 0.06, which has changed by -0.97861636 over the last 52 weeks, in comparison to a change of 0.15196204 over the same period for the S&P500. Over the past 52 weeks, CYN has reached a high of $151.50, while it has fallen to a 52-week low of $2.40. The 50-Day Moving Average of the stock is -35.68%, while the 200-Day Moving Average is calculated to be -56.22%.
Shares Statistics:
CYN traded an average of 776.59K shares per day over the past three months and 271370 shares per day over the past ten days. A total of 7.97M shares are outstanding, with a floating share count of 7.55M. Insiders hold about 5.34% of the company’s shares, while institutions hold 7.08% stake in the company. Shares short for CYN as of 1765756800 were 937679 with a Short Ratio of 1.21, compared to 1763078400 on 1246530. Therefore, it implies a Short% of Shares Outstanding of 937679 and a Short% of Float of 12.94.
Earnings Estimates
The performance of Cyngn Inc (CYN) in the stock market is under the watchful eye of 1 analysts actively contributing to its current rating.
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
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.
