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After finishing at $0.11 in the prior trading day, Cyngn Inc (NASDAQ: CYN) closed at $0.11, up 1.48%. In other words, the price has increased by $1.48 from its previous closing price. On the day, 13.74 million shares were traded. CYN stock price reached its highest trading level at $0.111 during the session, while it also had its lowest trading level at $0.1051.
Ratios:
Our goal is to gain a better understanding of CYN by taking a closer look at its different ratios. 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 9807962 and an Enterprise Value of 1881637. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.06 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 1.263 whereas that against EBITDA is -0.082.
Stock Price History:
The Beta on a monthly basis for CYN is -1.81, which has changed by -0.8952381 over the last 52 weeks, in comparison to a change of 0.22363698 over the same period for the S&P500. Over the past 52 weeks, CYN has reached a high of $1.25, while it has fallen to a 52-week low of $0.10. The 50-Day Moving Average of the stock is -32.82%, while the 200-Day Moving Average is calculated to be -67.48%.
Shares Statistics:
The stock has traded on average 11.90M shares per day over the past 3-months and 43670440 shares per day over the last 10 days, according to various share statistics. 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 9.72% stake in the company. Shares short for CYN as of 1713139200 were 2421585 with a Short Ratio of 0.20, compared to 1710460800 on 2103472. Therefore, it implies a Short% of Shares Outstanding of 2421585 and a Short% of Float of 3.08.
Earnings Estimates
Cyngn Inc (CYN) is presently subject to a detailed evaluation by 1.0 analysts, each offering their unique perspectives on its market standing.On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.06, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.07 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.26 and -$0.26 for the fiscal current year, implying an average EPS of -$0.26. EPS for the following year is -$0.08, with 1.0 analysts recommending between -$0.08 and -$0.08.
Revenue Estimates
1 analysts predict $360k in revenue for the current quarter. It ranges from a high estimate of $360k to a low estimate of $360k. As of the current estimate, Cyngn Inc’s year-ago sales were $872kFor the next quarter, 1 analysts are estimating revenue of $540k. There is a high estimate of $540k for the next quarter, whereas the lowest estimate is $540k.
A total of 1 analysts have provided revenue estimates for CYN’s current fiscal year. The highest revenue estimate was $3.21M, while the lowest revenue estimate was $3.21M, resulting in an average revenue estimate of $3.21M. In the same quarter a year ago, actual revenue was $1.49MBased on 1 analysts’ estimates, the company’s revenue will be $19.64M in the next fiscal year. The high estimate is $19.64M and the low estimate is $19.64M.
