Cingulate Inc (NASDAQ:CING) does about 3.71M shares in volume on a normal day but saw 1961692 shares change hands in the recent trading day. The company now has a market cap of 17.77M USD. Its current market price is $10.27, marking an increase of 5.99% compared to the previous close of $9.69. The 52 week high reached by this stock is $187.20 whilst the lowest price level in 52 weeks is $1.80.
Cingulate Inc (CING) has a 20-day trading average at $6.48 and the current price is -94.51% off the 52-week high compared with 470.52% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.78 and its 200-day simple moving average is $24.81. If we look at the stock’s price movements over the week, volatility stands at 29.22%, which increases to 35.24% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.75 to suggest the stock is neutral.
The consensus objective for the share price is $70.00, suggesting that the stock has a potential upside of 85.33% over the period.
The current price level is 66.08%, 78.86%, and -59.27% away from its SMA20, SMA50, and SMA200 respectively, with the CING price moving below the 50-day SMA on current market day. Cingulate Inc (CING) stock is down -19.77% over the week and 142.45% over the past month. Its price is -88.81% year-to-date and -93.49% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of -72 above consensus estimates by 16.8. The company’s next earnings report forecasts estimating quarterly EPS at -3.49 and -18.68 for whole year.
To reach the target analysts have set, the stock logically needs to grow 85.33 percent from here.
The company has a return on investment of -619.24% and return on equity of -1364.73%. The beta has a value of -0.85. Price to book ratio is 2.60.
