In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
After finishing at $4.97 in the prior trading day, Cingulate Inc (NASDAQ: CING) closed at $4.70, down -5.43%. In other words, the price has decreased by -$5.43 from its previous closing price. On the day, 1.7 million shares were traded. CING stock price reached its highest trading level at $5.588 during the session, while it also had its lowest trading level at $4.565.
Ratios:
Our goal is to gain a better understanding of CING by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.34 and its Current Ratio is at 7.34. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 15 ’24 when Myers Laurie sold 202 shares for $4.17 per share. The transaction valued at 841 led to the insider holds 0 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CING now has a Market Capitalization of 15097480 and an Enterprise Value of -1504073.
Stock Price History:
Over the past 52 weeks, CING has reached a high of $101.76, while it has fallen to a 52-week low of $1.80. The 50-Day Moving Average of the stock is 8.85%, while the 200-Day Moving Average is calculated to be -29.92%.
Shares Statistics:
The stock has traded on average 137.73K shares per day over the past 3-months and 140630 shares per day over the last 10 days, according to various share statistics. A total of 3.21M shares are outstanding, with a floating share count of 3.10M. Insiders hold about 3.35% of the company’s shares, while institutions hold 1.56% stake in the company. Shares short for CING as of 1734048000 were 108411 with a Short Ratio of 0.79, compared to 1731628800 on 77148. Therefore, it implies a Short% of Shares Outstanding of 108411 and a Short% of Float of 3.49.
