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The price of Cyngn Inc (NASDAQ: CYN) closed at $0.63 in the last session, up 36.10% from day before closing price of $0.46. In other words, the price has increased by $36.10 from its previous closing price. On the day, 23.02 million shares were traded. CYN stock price reached its highest trading level at $0.67 during the session, while it also had its lowest trading level at $0.447.
Ratios:
We take a closer look at CYN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.22 and its Current Ratio is at 2.43. In the meantime, Its Debt-to-Equity ratio is 0.10 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 13465930 and an Enterprise Value of 1560090. For the stock, the TTM Price-to-Sale (P/S) ratio is 171.62 while its Price-to-Book (P/B) ratio in mrq is 0.19. Its current Enterprise Value per Revenue stands at 19.564 whereas that against EBITDA is -0.069.
Stock Price History:
The Beta on a monthly basis for CYN is -1.09, which has changed by -0.9640625 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, CYN has reached a high of $31.49, while it has fallen to a 52-week low of $0.35. The 50-Day Moving Average of the stock is -82.57%, while the 200-Day Moving Average is calculated to be -90.11%.
Shares Statistics:
According to the various share statistics, CYN traded on average about 4.89M shares per day over the past 3-months and 17003550 shares per day over the past 10 days. A total of 2.43M shares are outstanding, with a floating share count of 2.24M. Insiders hold about 8.04% of the company’s shares, while institutions hold 112.10% stake in the company. Shares short for CYN as of 1728950400 were 120088 with a Short Ratio of 0.29, compared to 1726185600 on 198231. Therefore, it implies a Short% of Shares Outstanding of 120088 and a Short% of Float of 5.9499998.
Earnings Estimates
A detailed examination of Cyngn Inc (CYN) is currently in progress, with 1.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$16.14 and -$16.14 for the fiscal current year, implying an average EPS of -$16.14. EPS for the following year is -$10.84, with 1.0 analysts recommending between -$10.84 and -$10.84.
Revenue Estimates
According to 1 analysts, the current quarter’s revenue is expected to be $400k. It ranges from a high estimate of $400k to a low estimate of $400k. As of the current estimate, Cyngn Inc’s year-ago sales were $40.36k
A total of 1 analysts have provided revenue estimates for CYN’s current fiscal year. The highest revenue estimate was $614k, while the lowest revenue estimate was $614k, resulting in an average revenue estimate of $614k. In the same quarter a year ago, actual revenue was $1.49MBased on 1 analysts’ estimates, the company’s revenue will be $5.2M in the next fiscal year. The high estimate is $5.2M and the low estimate is $5.2M.
