Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, Cyngn Inc’s stock clocked out at $12.8, down -11.11% from its previous closing price of $14.4. In other words, the price has decreased by -$11.11 from its previous closing price. On the day, 3.51 million shares were traded. CYN stock price reached its highest trading level at $14.01 during the session, while it also had its lowest trading level at $12.2.
Ratios:
To gain a deeper understanding of CYN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.08 and its Current Ratio is at 8.49. In the meantime, Its Debt-to-Equity ratio is 0.01 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 25129344 and an Enterprise Value of 9016285. For the stock, the TTM Price-to-Sale (P/S) ratio is 60.70 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 22.003 whereas that against EBITDA is -0.421.
Stock Price History:
The Beta on a monthly basis for CYN is 0.10, which has changed by -0.98419756 over the last 52 weeks, in comparison to a change of 0.11937654 over the same period for the S&P500. Over the past 52 weeks, CYN has reached a high of $1600.50, while it has fallen to a 52-week low of $3.62. The 50-Day Moving Average of the stock is 136.12%, while the 200-Day Moving Average is calculated to be -94.69%.
Shares Statistics:
It appears that CYN traded 3.45M shares on average per day over the past three months and 21823060 shares per day over the past ten days. A total of 1.75M shares are outstanding, with a floating share count of 1.69M. Insiders hold about 3.46% of the company’s shares, while institutions hold 13.28% stake in the company. Shares short for CYN as of 1749772800 were 27255 with a Short Ratio of 0.01, compared to 1747267200 on 70616. Therefore, it implies a Short% of Shares Outstanding of 27255 and a Short% of Float of 2.6600001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
