After A -34.53% Drop In The Last Week, Does Cingulate Inc (NASDAQ: CING) Still Make Sense To Buy?

During the last session, Cingulate Inc (NASDAQ:CING)’s traded shares were 0.5 million, with the beta value of the company hitting -0.94. At the end of the trading day, the stock’s price was $2.44, reflecting an intraday loss of -13.67% or -$0.39. The 52-week high for the CING share is $187.20, that puts it down -7572.13 from that peak though still a striking -5.33% loss since the share price plummeted to a 52-week low of $2.57. The company’s market capitalization is $2.13M, and the average intraday trading volume over the past 10 days was 32926.0 shares, and the average trade volume was 47.78K shares over the past three months.

Cingulate Inc (NASDAQ:CING) trade information

Cingulate Inc (CING) registered a -13.67% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -13.67% in intraday trading to $2.44, hitting a weekly high. The stock’s 5-day price performance is -34.53%, and it has moved by -57.59% in 30 days. Based on these gigs, the overall price performance for the year is -98.11%. The short interest in Cingulate Inc (NASDAQ:CING) is 16587.0 shares and it means that shorts have 0.19 day(s) to cover.

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Cingulate Inc (CING) estimates and forecasts

Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 95.90% this quarter and then jump 92.50% in the quarter after that.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -24.19%. While earnings are projected to return 92.08% in 2024.