Cyngn Inc [NASDAQ: CYN] closed the trading session at $0.25 on 11/07/23. The day’s price range saw the stock hit a low of $0.2281, while the highest price level was $0.2899.
The stocks have a year to date performance of -59.09 percent and weekly performance of -26.32 percent. The stock has been moved at -72.44 percent over the last six months. The stock has performed -38.77 percent around the most recent 30 days and changed -68.15 percent over the most recent 3-months.
If compared to the average trading volume of 339.34K shares, CYN reached to a volume of 4208621 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $6.82 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 1.00. 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 0.05, with the Price to Sales ratio for CYN stock in the period of the last 12 months amounting to 5.52. The Price to Book ratio for the last quarter was 0.67, with the Price to Cash per share for the same quarter was set at 0.33.
CYN stock trade performance evaluation
Cyngn Inc [CYN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.32. With this latest performance, CYN shares dropped by -38.77% in over the last four-week period, additionally sinking by -72.44% over the last 6 months – not to mention a drop of -70.40% in the past year of trading.
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 27.03, with the RSI for the last a single of trading hit 21.74, and the three-weeks RSI is set at 29.97 for Cyngn Inc [CYN]. The present Moving Average for the last 50 days of trading for this stock 0.4229, while it was recorded at 0.2910 for the last single week of trading, and 0.7942 for the last 200 days.
Cyngn Inc [CYN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Cyngn Inc [CYN] shares currently have an operating margin of -7404.86 and a Gross Margin at -202.17. Cyngn Inc’s Net Margin is presently recorded at -7342.18.
Return on Total Capital for CYN is now -82.98, given the latest momentum, and Return on Invested Capital for the company is -82.98. Return on Equity for this stock declined to -82.98, with Return on Assets sitting at -79.89. When it comes to the capital structure of this company, Cyngn Inc [CYN] has a Total Debt to Total Equity ratio set at 1.58. Additionally, CYN Total Debt to Total Capital is recorded at 1.56, with Total Debt to Total Assets ending up at 1.50.
Reflecting on the efficiency of the workforce at the company, Cyngn Inc [CYN] managed to generate an average of -$291,462 per employee.Cyngn Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.21 and a Current Ratio set at 8.21.
Cyngn Inc [CYN]: Institutional Ownership
The top three institutional holders of CYN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in CYN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in CYN stock with ownership which is approximately 5.7994%.