Cyngn Inc [NASDAQ: CYN] slipped around -0.29 points on Wednesday, while shares priced at $3.34 at the close of the session, down -7.99%.
Compared to the average trading volume of 796.92K shares, CYN reached a trading volume of 3107241 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 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 $12.00 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 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 0.54, with the Price to Sales ratio for CYN stock in the period of the last 12 months amounting to 84.75. The Price to Book ratio for the last quarter was 0.61, with the Price to Cash per share for the same quarter was set at 3.44.
How has CYN stock performed recently?
Cyngn Inc [CYN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.14. With this latest performance, CYN shares dropped by -26.43% in over the last four-week period, additionally sinking by -83.30% over the last 6 months – not to mention a drop of -93.94% 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 32.89, with the RSI for the last a single of trading hit 25.62, and the three-weeks RSI is set at 36.84 for Cyngn Inc [CYN]. The present Moving Average for the last 50 days of trading for this stock 5.30, while it was recorded at 3.69 for the last single week of trading, and 12.98 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 3.74 and a Current Ratio set at 3.74.
Insider trade positions for Cyngn Inc [CYN]
There are presently around $12.74%, or 12.80%% of CYN stock, in the hands of institutional investors. The top three institutional holders of CYN stocks are: AH CAPITAL MANAGEMENT, L.L.C. with ownership of 5.76 million shares, which is approximately 0.0747%. REDPOINT MANAGEMENT, LLC, holding 2.71 million shares of the stock with an approximate value of $$0.2 million in CYN stocks shares; and REDPOINT MANAGEMENT, LLC, currently with $$0.17 million in CYN stock with ownership which is approximately 0.0307%.
