Cingulate Inc [NASDAQ: CING] jumped around 0.04 points on Tuesday, while shares priced at $0.83 at the close of the session, up 5.08%.
Compared to the average trading volume of 165.15K shares, CING reached a trading volume of 5741010 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Cingulate Inc [CING]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CING shares is $20.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CING 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.
Laidlaw have made an estimate for Cingulate Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 22, 2023.
The Average True Range (ATR) for Cingulate Inc is set at 0.11 The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 0.28.
How has CING stock performed recently?
Cingulate Inc [CING] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.48. With this latest performance, CING shares dropped by -6.31% in over the last four-week period, additionally sinking by -86.17% over the last 6 months – not to mention a drop of -95.77% 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 CING stock in for the last two-week period is set at 43.62, with the RSI for the last a single of trading hit 46.60, and the three-weeks RSI is set at 41.22 for Cingulate Inc [CING]. The present Moving Average for the last 50 days of trading for this stock 0.9662, while it was recorded at 0.8004 for the last single week of trading, and 5.7750 for the last 200 days.
Cingulate Inc [CING]: Deeper insight into the fundamentals
Cingulate Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.21 and a Current Ratio set at 1.21.
Insider trade positions for Cingulate Inc [CING]
The top three institutional holders of CING 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 CING stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CING stock with ownership which is approximately 5.8386%.
