In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $4.36 in the prior trading day, Cingulate Inc (NASDAQ: CING) closed at $4.20, down -3.67%. In other words, the price has decreased by -$3.67 from its previous closing price. On the day, 0.19 million shares were traded. CING stock price reached its highest trading level at $4.35 during the session, while it also had its lowest trading level at $3.94.
Ratios:
Our goal is to gain a better understanding of CING by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.34 and its Current Ratio is at 7.34. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 15 ’24 when Myers Laurie sold 202 shares for $4.17 per share. The transaction valued at 841 led to the insider holds 0 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CING now has a Market Capitalization of 13491365 and an Enterprise Value of -2387254.
Stock Price History:
Over the past 52 weeks, CING has reached a high of $152.40, while it has fallen to a 52-week low of $1.80. The 50-Day Moving Average of the stock is -6.55%, while the 200-Day Moving Average is calculated to be -47.06%.
Shares Statistics:
The stock has traded on average 317.34K shares per day over the past 3-months and 129770 shares per day over the last 10 days, according to various share statistics. A total of 3.21M shares are outstanding, with a floating share count of 3.10M. Insiders hold about 3.53% of the company’s shares, while institutions hold 1.56% stake in the company. Shares short for CING as of 1731628800 were 77148 with a Short Ratio of 0.24, compared to 1728950400 on 38266. Therefore, it implies a Short% of Shares Outstanding of 77148 and a Short% of Float of 2.48.
