Cyngn Inc [NASDAQ: CYN] stock went on an upward path that rose over 11.87% on Wednesday, amounting to a one-week price increase of more than 185.83%.
Over the last 12 months, CYN stock dropped by -88.76%. The one-year Cyngn Inc stock forecast points to a potential upside of 99.2. 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 $27.85 million, with 1.94 million shares outstanding and 1.88 million shares in the current float. Compared to the average trading volume of 3.56M shares, CYN stock reached a trading volume of 24505059 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 $1800.00 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 Price to Book ratio for the last quarter was 1.13, with the Price to Cash per share for the same quarter was set at 8.40.
CYN Stock Performance Analysis:
Cyngn Inc [CYN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 185.83. With this latest performance, CYN shares gained by 192.24% in over the last four-week period, additionally sinking by -84.80% over the last 6 months – not to mention a drop of -88.76% in the past year of trading.
Insight into Cyngn Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Cyngn Inc [CYN] shares currently have an operating margin of -5387.50% and a Gross Margin at -237.92%. Cyngn Inc’s Net Margin is presently recorded at -7534.60%.
Return on Equity for this stock declined to -180.87%, with Return on Assets sitting at -180.87%.
Cyngn Inc [CYN] Institutonal Ownership Details
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%.
