Closing Figures Unveiled: Cyngn Inc (CYN) Drop -7.66, Closes at 0.07

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Cyngn Inc (NASDAQ: CYN) closed the day trading at $0.07 down -7.66% from the previous closing price of $0.08. In other words, the price has decreased by -$7.66 from its previous closing price. On the day, 27.01 million shares were traded. CYN stock price reached its highest trading level at $0.0768 during the session, while it also had its lowest trading level at $0.067.

Ratios:

For a better understanding of CYN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.66 and its Current Ratio is at 3.70. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.02.

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 10233560 and an Enterprise Value of 6314484. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.51 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 10.151 whereas that against EBITDA is -0.273.

Stock Price History:

Over the past 52 weeks, CYN has reached a high of $1.25, while it has fallen to a 52-week low of $0.07. The 50-Day Moving Average of the stock is -31.79%, while the 200-Day Moving Average is calculated to be -66.59%.

Shares Statistics:

Over the past 3-months, CYN traded about 27.56M shares per day on average, while over the past 10 days, CYN traded about 44062340 shares per day. A total of 141.54M shares are outstanding, with a floating share count of 122.51M. Insiders hold about 13.45% of the company’s shares, while institutions hold 2.67% stake in the company. Shares short for CYN as of 1715731200 were 698687 with a Short Ratio of 0.07, compared to 1713139200 on 2421585. Therefore, it implies a Short% of Shares Outstanding of 698687 and a Short% of Float of 0.5.

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