Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Cyngn Inc’s stock clocked out at $9.24, up 5.84% from its previous closing price of $8.73. In other words, the price has increased by $5.84 from its previous closing price. On the day, 0.8 million shares were traded. CYN stock price reached its highest trading level at $9.38 during the session, while it also had its lowest trading level at $8.41.
Ratios:
To gain a deeper understanding of CYN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.08 and its Current Ratio is at 8.49. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 46749780 and an Enterprise Value of -23549. For the stock, the TTM Price-to-Sale (P/S) ratio is 114.03 while its Price-to-Book (P/B) ratio in mrq is 0.73. Its current Enterprise Value per Revenue stands at -0.057 whereas that against EBITDA is 0.001.
Stock Price History:
The Beta on a monthly basis for CYN is 0.07, which has changed by -0.98976743 over the last 52 weeks, in comparison to a change of 0.16260707 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 33.21%, while the 200-Day Moving Average is calculated to be -95.44%.
Shares Statistics:
It appears that CYN traded 4.24M shares on average per day over the past three months and 1355060 shares per day over the past ten days. A total of 5.06M shares are outstanding, with a floating share count of 4.88M. Insiders hold about 3.46% of the company’s shares, while institutions hold 4.60% stake in the company. Shares short for CYN as of 1751241600 were 1407943 with a Short Ratio of 0.33, compared to 1748563200 on 46270. Therefore, it implies a Short% of Shares Outstanding of 1407943 and a Short% of Float of 32.5.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
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 -$2.57, with high estimates of -$2.57 and low estimates of -$2.57.
Analysts are recommending an EPS of between -$10.66 and -$10.66 for the fiscal current year, implying an average EPS of -$10.66.
Revenue Estimates
For the next quarter, 1 analysts are estimating revenue of $1.5M. There is a high estimate of $1.5M for the next quarter, whereas the lowest estimate is $1.5M.
A total of 1 analysts have provided revenue estimates for CYN’s current fiscal year. The highest revenue estimate was $4.6M, while the lowest revenue estimate was $4.6M, resulting in an average revenue estimate of $4.6M. In the same quarter a year ago, actual revenue was $368.14k
