Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The closing price of Cyngn Inc (NASDAQ: CYN) was $6.69 for the day, up 1.52% from the previous closing price of $6.59. In other words, the price has increased by $1.52 from its previous closing price. On the day, 0.59 million shares were traded. CYN stock price reached its highest trading level at $7.55 during the session, while it also had its lowest trading level at $6.56.
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 8.08 and its Current Ratio is at 14.54. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.14.
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 33848056 and an Enterprise Value of -4666100. For the stock, the TTM Price-to-Sale (P/S) ratio is 78.71 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at -11.387 whereas that against EBITDA is 0.218.
Stock Price History:
The Beta on a monthly basis for CYN is 0.05, which has changed by -0.99070835 over the last 52 weeks, in comparison to a change of 0.18634176 over the same period for the S&P500. Over the past 52 weeks, CYN has reached a high of $1312.50, while it has fallen to a 52-week low of $3.62. The 50-Day Moving Average of the stock is -13.15%, while the 200-Day Moving Average is calculated to be -96.03%.
Shares Statistics:
CYN traded an average of 4.27M shares per day over the past three months and 442580 shares per day over the past ten days. A total of 7.04M shares are outstanding, with a floating share count of 4.88M. Insiders hold about 3.46% of the company’s shares, while institutions hold 16.64% stake in the company. Shares short for CYN as of 1752537600 were 496219 with a Short Ratio of 0.12, compared to 1749772800 on 27255. Therefore, it implies a Short% of Shares Outstanding of 496219 and a Short% of Float of 11.450000000000001.
Earnings Estimates
As of right now, 1.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is -$2.45, with high estimates of -$2.45 and low estimates of -$2.45.
Analysts are recommending an EPS of between -$10.66 and -$10.66 for the fiscal current year, implying an average EPS of -$10.66.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $1.5M to a low estimate of $1.5M. As of the current estimate, Cyngn Inc’s year-ago sales were $47.58kFor the next quarter, 1 analysts are estimating revenue of $1.7M. There is a high estimate of $1.7M for the next quarter, whereas the lowest estimate is $1.7M.
A total of 1 analysts have provided revenue estimates for CYN’s current fiscal year. The highest revenue estimate was $4.6M, while the lowest revenue estimate was $4.6M, resulting in an average revenue estimate of $4.6M. In the same quarter a year ago, actual revenue was $368.14k
