Cingulate Inc (CING) Down -97.24% From Its 52-Week High, But Growth Potential Is Changing Over Time

Cingulate Inc (NASDAQ:CING) currently has a daily average trading volume of 317.34K but it saw 190905 shares traded in last market. With a market cap of 13.50M USD, the company’s current market price of $4.20 came falling about -3.67 while comparing to the previous closing price of $4.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $152.40 and as low as $1.80. In the recent trading on the day, stock has struck highest price mark of $3.94 while lowest mark touched by it was $4.35.

Taking a look at 20-day trading activity of Cingulate Inc (CING) gives us an average price of $4.12, while its current price level is -97.24% below from 52-week high level whereas it is 133.32% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.49 while that of 200 days or SMA-200 reads an average of $7.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.18% during that period while stretching the period over a month that increases to 10.21%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.97 which implies that the stock is in neutral territory.

Over the week, CING’s stock price is moving -6.25% down while it is -4.33% when we observe its performance for the past one month. Year-to-date it is -95.42% down and over the past year, the stock is showing a downside performance of -94.45%.

Currently, Cingulate Inc’s total number of outstanding shares is 3.21M. Company’s return on investment (ROI) stands at -135.81% and return on equity (ROE) at -273.82%. Stock’s beta reads -0.80. Stock has a price to book (P/B) ratio of 1.06. Its return on asset (ROA) is -168.10% on average.