Cyngn Inc [NASDAQ: CYN] stock went on an upward path that rose over 1.85% on Monday, amounting to a one-week price decrease of less than -10.22%.
Over the last 12 months, CYN stock dropped by -88.15%. The one-year Cyngn Inc stock forecast points to a potential upside of 95.83. The average equity rating for CYN stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $11.41 million, with 109.19 million shares outstanding and 84.37 million shares in the current float. Compared to the average trading volume of 10.87M shares, CYN stock reached a trading volume of 5207870 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $2.40 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 0.02, with the Price to Sales ratio for CYN stock in the period of the last 12 months amounting to 7.66. The Price to Book ratio for the last quarter was 0.64, with the Price to Cash per share for the same quarter was set at 0.07.
CYN Stock Performance Analysis:
Cyngn Inc [CYN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.22. With this latest performance, CYN shares dropped by -33.01% in over the last four-week period, additionally sinking by -66.02% over the last 6 months – not to mention a drop of -88.15% 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 36.04, with the RSI for the last a single of trading hit 35.00, and the three-weeks RSI is set at 38.13 for Cyngn Inc [CYN]. The present Moving Average for the last 50 days of trading for this stock 0.1511, while it was recorded at 0.1077 for the last single week of trading, and 0.3107 for the last 200 days.
Insight into Cyngn Inc 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.
Cyngn Inc [CYN] Institutonal Ownership Details
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%.
