Cyngn Inc (CYN) concluded trading on Wednesday at a closing price of $0.19, with 5.27 million shares of worth about $1.0 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -68.66% during that period and on Wednesday the price saw a loss of about -6.24%. Currently the company’s common shares owned by public are about 37.05M shares, out of which, 25.00M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 4 times over the past 12 months. They bought 109,250 shares in 4 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
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However, the stock later moved at a day high price of 0.2102, or with a loss of -6.24%. Stock saw a price change of 11.23% in past 5 days and over the past one month there was a price change of 55.88%. Year-to-date (YTD), CYN shares are showing a performance of 32.83% which decreased to -78.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.12 but also hit the highest price of $1.38 during that period. The average intraday trading volume for Cyngn Inc shares is 11.90 million. The stock is currently trading -3.64% below its 20-day simple moving average (SMA20), while that difference is up 11.64% for SMA50 and it goes to -62.76% lower than SMA200.
Cyngn Inc (NASDAQ: CYN) currently have 37.05M outstanding shares and institutions hold larger chunk of about 20.56% of that.
The stock has a current market capitalization of $7.44M and its 3Y-monthly beta is at -1.98. It has posted earnings per share of -$0.60 in the same period. It has Quick Ratio of 6.38 while making debt-to-equity ratio of 0.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CYN, volatility over the week remained 15.85% while standing at 23.61% over the month.
Analysts are in expectations that Cyngn Inc (CYN) stock would likely to be making an EPS of -$0.1 in the current quarter, while forecast for next quarter EPS is $0 and it is -$0.43 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.1 which is -$0.1 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.14 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -2.02% while it is estimated to increase by 37.39% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Aegis Capital on November 16, 2021 offering a Buy rating for the stock and assigned a target price of $13 to it.
