Cyngn Inc. [NASDAQ: CYN] loss -1.81% on the last trading session, reaching $1.63 price per share at the time. The company report on May 27, 2022 that Cyngn Collaborates with Qualcomm to Exhibit Industrial Autonomous Mobile Robot Technology Powered by Qualcomm Robotics RB5 Platform at Hannover Messe Expo.
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Cyngn (or the “Company”) (NASDAQ: CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications, today announced its collaboration with Qualcomm Technologies, Inc. to demonstrate autonomous mobile robots (AMRs) powered by the Qualcomm Robotics RB5 Platform at the Hannover Messe Expo.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220527005380/en/.
Cyngn Inc. represents 26.86 million in outstanding shares, while the company has a total market value of $51.30 million with the latest information. CYN stock price has been found in the range of $1.51 to $2.30.
If compared to the average trading volume of 9.93M shares, CYN reached a trading volume of 17808742 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Cyngn Inc. [CYN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CYN shares is $13.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CYN stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Aegis Capital have made an estimate for Cyngn Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 16, 2021.
The Average True Range (ATR) for Cyngn Inc. is set at 0.77 The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 0.58.
Trading performance analysis for CYN stock
Cyngn Inc. [CYN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.70. With this latest performance, CYN shares dropped by -58.52% in over the last four-week period, additionally sinking by -69.30% over the last 6 months .
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CYN stock in for the last two-week period is set at 38.40, with the RSI for the last a single of trading hit 30.58, and the three-weeks RSI is set at 42.28 for Cyngn Inc. [CYN]. The present Moving Average for the last 50 days of trading for this stock 2.3179, while it was recorded at 1.7960 for the last single week of trading.
Cyngn Inc. [CYN]: A deeper dive into fundamental analysis
Cyngn Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 23.20 and a Current Ratio set at 23.20.
An analysis of insider ownership at Cyngn Inc. [CYN]
There are presently around $14 million, or 58.00% of CYN stock, in the hands of institutional investors. The top three institutional holders of CYN stocks are: AH EQUITY PARTNERS III, L.L.C. with ownership of 5,234,828, which is approximately 0% of the company’s market cap and around 1.60% of the total institutional ownership; REDPOINT MANAGEMENT, LLC, holding 2,463,851 shares of the stock with an approximate value of $4.02 million in CYN stocks shares; and VANGUARD GROUP INC, currently with $0.9 million in CYN stock with ownership of nearly 229.381% of the company’s market capitalization.
8 institutional holders increased their position in Cyngn Inc. [NASDAQ:CYN] by around 473,649 shares. Additionally, 8 investors decreased positions by around 504,365 shares, while 6 investors held positions by with 7,694,851 shares. The mentioned changes placed institutional holdings at 8,672,865 shares, according to the latest SEC report filing. CYN stock had 5 new institutional investments in for a total of 81,004 shares, while 7 institutional investors sold positions of 499,051 shares during the same period.