Cyngn Inc (NASDAQ: CYN) closed the day trading at $0.19 down -8.56% from the previous closing price of $0.20. In other words, the price has decreased by -$0.0175 from its previous closing price. On the day, 9178654 shares were traded.
Ratios:
For a better understanding of CYN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.38 and its Current Ratio is at 6.38. In the meantime, Its Debt-to-Equity ratio is 0.04 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.
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 Mar 31 when Macleod Karen M bought 1,250 shares for $1.23 per share. The transaction valued at 1,538 led to the insider holds 50,163 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, CYN now has a Market Capitalization of 35.36M and an Enterprise Value of 6.31M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.24 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 3.69 whereas that against EBITDA is -0.54.
Stock Price History:
Over the past 52 weeks, CYN has reached a high of $1.38, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is 0.1697, while the 200-Day Moving Average is calculated to be 0.5437.
Shares Statistics:
Over the past 3-months, CYN traded about 12.30M shares per day on average, while over the past 10 days, CYN traded about 6.18M shares per day. A total of 37.05M shares are outstanding, with a floating share count of 25.00M. Insiders hold about 35.45% of the company’s shares, while institutions hold 20.56% stake in the company. Shares short for CYN as of Jan 31, 2024 were 5.66M with a Short Ratio of 0.46, compared to 530.07k on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 7.54% and a Short% of Float of 9.69%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.14, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.13 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.54 and -$0.61 for the fiscal current year, implying an average EPS of -$0.57. EPS for the following year is -$0.43, with 2 analysts recommending between -$0.43 and -$0.44.
Revenue Estimates
2 analysts predict $70k in revenue for the current quarter. It ranges from a high estimate of $100k to a low estimate of $50k. As of the current estimate, Cyngn Inc’s year-ago sales were $262k, an estimated decrease of -73.30% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $360k, a decrease of -58.70% over than the figure of -$73.30% in the same quarter last year. There is a high estimate of $360k for the next quarter, whereas the lowest estimate is $360k.
A total of 2 analysts have provided revenue estimates for CYN’s current fiscal year. The highest revenue estimate was $1.55M, while the lowest revenue estimate was $1.49M, resulting in an average revenue estimate of $1.52M. In the same quarter a year ago, actual revenue was $262k, up 480.20% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $5.35M in the next fiscal year. The high estimate is $7.5M and the low estimate is $3.21M. The average revenue growth estimate for next year is up 252.00% from the average revenue estimate for this year.
