Cyngn Inc (NASDAQ:CYN) does about 5.68M shares in volume on a normal day but saw 1587818 shares change hands in the recent trading day. The company now has a market cap of 14.25M USD. Its current market price is $0.52, marking a decrease of -0.97% compared to the previous close of $0.52. The 52 week high reached by this stock is $31.49 whilst the lowest price level in 52 weeks is $0.35.
Cyngn Inc (CYN) has a 20-day trading average at $0.6338 and the current price is -98.35% off the 52-week high compared with 47.95% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.1154 and its 200-day simple moving average is $5.7788. If we look at the stock’s price movements over the week, volatility stands at 9.23%, which increases to 23.64% 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 28.25 to suggest the stock is oversold.
The consensus objective for the share price is $9.25, suggesting that the stock has a potential upside of 94.38% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 16, 2021 when Aegis Capital initiated the stock to “Buy” and issued a price target of $13.
The current price level is -17.97%, -83.31%, and -91.00% away from its SMA20, SMA50, and SMA200 respectively, with the CYN price moving above the 50-day SMA on current market day. Cyngn Inc (CYN) stock is down -15.12% over the week and 10.88% over the past month. Its price is -38.77% year-to-date and -97.02% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -3.21 and -16.14 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $400k.
To reach the target analysts have set, the stock logically needs to grow 94.38 percent from here.
Outstanding shares total 2.43M with insiders holding 0.46% of the shares and institutional holders owning 12.68% of the company’s common stock. The company has a return on investment of -339.50% and return on equity of -267.91%. The beta has a value of -1.26. Price to book ratio is 0.16 and price to sales ratio is 142.50.
