Cyngn Inc [NASDAQ: CYN] traded at a low on Tuesday, posting a -5.79 loss after which it closed the day’ session at $0.11.
The results of the trading session contributed to over 323214997 shares changing hands. Over the past one week, the price volatility of Cyngn Inc stands at 37.84% while the volatility over the past one month is 17.55%.
The market cap for CYN stock reached $9.38 million, with 64.77 million shares outstanding and 63.59 million shares in the current float. Compared to the average trading volume of 10.23M shares, CYN reached a trading volume of 323214997 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $2.70 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 0.03, with the Price to Sales ratio for CYN stock in the period of the last 12 months amounting to 6.30. The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 0.10.
How has CYN stock performed recently?
Cyngn Inc [CYN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.21. With this latest performance, CYN shares dropped by -24.05% in over the last four-week period, additionally sinking by -66.47% over the last 6 months – not to mention a drop of -89.28% 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 36.40, with the RSI for the last a single of trading hit 35.31, and the three-weeks RSI is set at 38.79 for Cyngn Inc [CYN]. The present Moving Average for the last 50 days of trading for this stock 0.1663, while it was recorded at 0.1107 for the last single week of trading, and 0.3456 for the last 200 days.
Cyngn Inc [CYN]: Deeper insight into the fundamentals
Cyngn Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.55 and a Current Ratio set at 4.55.
Insider trade positions for Cyngn Inc [CYN]
The top three institutional holders of CYN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CYN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CYN stock with ownership which is approximately 5.8386%.
