Cyngn Inc (NASDAQ:CYN) does about 3.45M shares in volume on a normal day but saw 7605253 shares change hands in the recent trading day. The company now has a market cap of 28.00M USD. Its current market price is $14.4, marking a decrease of -11.82% compared to the previous close of $16.33. The 52 week high reached by this stock is $1600.50 whilst the lowest price level in 52 weeks is $3.62.
The consensus objective for the share price is $1800.00, suggesting that the stock has a potential upside of 99.2% 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 136.93%, 174.02%, and -94.09% away from its SMA20, SMA50, and SMA200 respectively, with the CYN price moving below the 50-day SMA on current market day. Cyngn Inc (CYN) stock is up 254.68% over the week and 188.58% over the past month. Its price is -98.64% year-to-date and -88.69% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -2.74 and -10.66 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $900k.
To reach the target analysts have set, the stock logically needs to grow 99.2 percent from here.
Outstanding shares total 1.75M with insiders holding 4.63% of the shares and institutional holders owning 15.52% of the company’s common stock. The company has a return on investment of -139.44% and return on equity of -205.05%. The beta has a value of 0.10. Price to book ratio is 1.14 and price to sales ratio is 68.29.
