In today’s recent session, 0.77 million shares of the Cingulate Inc (NASDAQ:CING) have been traded, and its beta is -0.85. Most recently the company’s share price was $9.57, and it changed around -$0.12 or -1.24% from the last close, which brings the market valuation of the company to $16.56M. CING at last check was trading at a discount to its 52-week high of $187.20, offering almost -1856.11% off that amount. The share price’s 52-week low was $1.80, which indicates that the recent value has risen by an impressive 81.19% since then. We note from Cingulate Inc’s average daily trading volume that its 10-day average is 23.05 million shares, with the 3-month average coming to 3.71 million.
Cingulate Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended CING as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Cingulate Inc is expected to report earnings per share of -3.72 for the current quarter.
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Cingulate Inc (NASDAQ:CING) trade information
Instantly CING has been showing red trend so far today with a performance of -1.24% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 15.55 on recent trading dayincreased the stock’s daily price by 38.46%. The company’s shares are currently down -89.58% year-to-date, but still down -25.23% over the last five days. On the other hand, Cingulate Inc (NASDAQ:CING) is 125.92% up in the 30-day period. We can see from the shorts that 8342.0 shares have been sold at a short interest cover period of 0.11 day(s).
Cingulate Inc (CING) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 94.80% in revenue this quarter, and will report an increase of 96.00% in the next quarter.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.19%.
CING Dividends
Cingulate Inc’s next quarterly earnings report is expected to be released on 2024-Aug-13.
Cingulate Inc (NASDAQ:CING)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 11.15% of Cingulate Inc shares, and 8.44% of them are in the hands of institutional investors. The stock currently has a share float of 9.50%.
