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The closing price of Cyngn Inc (NASDAQ: CYN) was $0.11 for the day, down -0.09% from the previous closing price of $0.11. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 1.6 million shares were traded. CYN stock price reached its highest trading level at $0.112 during the session, while it also had its lowest trading level at $0.105.
Ratios:
Our analysis of CYN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.55 and its Current Ratio is at 4.55. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 9656107 and an Enterprise Value of 1741749. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.97 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 1.169 whereas that against EBITDA is -0.076.
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 $0.10. The 50-Day Moving Average of the stock is -36.47%, while the 200-Day Moving Average is calculated to be -69.79%.
Shares Statistics:
CYN traded an average of 10.50M shares per day over the past three months and 2666930 shares per day over the past ten days. A total of 64.77M shares are outstanding, with a floating share count of 63.59M. Insiders hold about 22.73% of the company’s shares, while institutions hold 9.71% stake in the company. Shares short for CYN as of 1711584000 were 2142688 with a Short Ratio of 0.20, compared to 1709164800 on 2027152. Therefore, it implies a Short% of Shares Outstanding of 2142688 and a Short% of Float of 3.0.
Earnings Estimates
A comprehensive evaluation of Cyngn Inc (CYN) is underway, with the input of Canaan Inc. analysts contributing to its current rating.The consensus estimate for the next quarter is $0.37, with high estimates of $0.11 and low estimates of $30.35.
