Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
As of close of business last night, Cyngn Inc’s stock clocked out at $6.01, down -5.95% from its previous closing price of $6.39. In other words, the price has decreased by -$5.95 from its previous closing price. On the day, 57246.0 shares were traded. CYN stock price reached its highest trading level at $6.44 during the session, while it also had its lowest trading level at $5.7579.
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 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 12180227 and an Enterprise Value of 1560090. For the stock, the TTM Price-to-Sale (P/S) ratio is 121.80 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 19.564 whereas that against EBITDA is -0.069.
Stock Price History:
Over the past 52 weeks, CYN has reached a high of $59.50, while it has fallen to a 52-week low of $2.85. The 50-Day Moving Average of the stock is 35.95%, while the 200-Day Moving Average is calculated to be -30.85%.
Shares Statistics:
It appears that CYN traded 647.42K shares on average per day over the past three months and 240010 shares per day over the past ten days. A total of 2.03M shares are outstanding, with a floating share count of 1.83M. Insiders hold about 9.65% of the company’s shares, while institutions hold 3.18% stake in the company. Shares short for CYN as of 1728950400 were 120088 with a Short Ratio of 0.43, compared to 1726185600 on 198231. Therefore, it implies a Short% of Shares Outstanding of 120088 and a Short% of Float of 5.9499998.
