Cyngn Inc (NASDAQ:CYN) has a beta value of -2.04 and has seen 2.07 million shares traded in the last trading session. The company, currently valued at $10.36M, closed the last trade at $0.16 per share which meant it 1.33% during that session. The CYN stock price is -762.5% off its 52-week high price of $1.38 and 25.0% above the 52-week low of $0.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.82 million shares traded. The 3-month trading volume is 10.19 million shares.
Cyngn Inc (NASDAQ:CYN) trade information
Sporting 1.33% in the green in last session, the stock has traded in the red over the last five days, when the CYN stock price touched $0.16 or saw a rise of 19.88%. Year-to-date, Cyngn Inc shares have moved 10.57%, while the 5-day performance has seen it change -13.04%. Over the past 30 days, the shares of Cyngn Inc (NASDAQ:CYN) have changed -9.09%. Short interest in the company has seen 2.03 million shares shorted with days to cover at 0.28.
Cyngn Inc (CYN) estimates and forecasts
Figures show that Cyngn Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -68.29% over the past 6 months, with this year growth rate of 17.54%, compared to 10.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 60.00% and 58.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 259.30%.
1 analysts offering their estimates for the company have set an average revenue estimate of $360k for the current quarter. 1 have an estimated revenue figure of $540k for the next quarter concluding in Jun 2024. Year-ago sales stood $872k and $551k respectively for this quarter and the next, and analysts expect sales will shrink by -58.70% for the current quarter and -2.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -16.02% over the past 5 years.
CYN Dividends
Cyngn Inc is expected to release its next earnings report between May 10 and May 14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cyngn Inc (NASDAQ:CYN)’s Major holders
Insiders own 0.94% of the company shares, while shares held by institutions stand at 31.68% with a share float percentage of 31.99%. Investors are also buoyed by the number of investors in a company, with Cyngn Inc having a total of 31 institutions that hold shares in the company. The top two institutional holders are Redpoint Management, Llc with over 2.46 million shares worth more than $2.87 million. As of Jun 29, 2023, Redpoint Management, Llc held 7.09% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 0.58 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $0.68 million and represent 1.67% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Jun 29, 2023, the former fund manager holds about 1.38% shares in the company for having 0.48 million shares of worth $0.56 million while later fund manager owns 0.1 million shares of worth $0.12 million as of Jun 29, 2023, which makes it owner of about 0.29% of company’s outstanding stock.
