During the last session, Cingulate Inc (NASDAQ:CING)’s traded shares were 5.22 million, with the beta value of the company hitting -1.03. At the end of the trading day, the stock’s price was $7.89, reflecting an intraday gain of 22.71% or $1.46. The 52-week high for the CING share is $187.20, that puts it down -2272.62 from that peak though still a striking 77.19% gain since the share price plummeted to a 52-week low of $1.80. The company’s market capitalization is $13.65M, and the average intraday trading volume over the past 10 days was 12.85 million shares, and the average trade volume was 3.71 million shares over the past three months.
Cingulate Inc (NASDAQ:CING) trade information
Cingulate Inc (CING) registered a 22.71% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 22.71% in intraday trading to $7.89, hitting a weekly high. The stock’s 5-day price performance is -18.58%, and it has moved by 94.53% in 30 days. Based on these gigs, the overall price performance for the year is -94.98%. The short interest in Cingulate Inc (NASDAQ:CING) is 51592.0 shares and it means that shorts have 0.01 day(s) to cover.
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Cingulate Inc (CING) estimates and forecasts
Statistics show that Cingulate Inc has outperformed its competitors in share price, compared to the industry in which it operates. Cingulate Inc (CING) shares have gone down -50.93% during the last six months, with a year-to-date growth rate more than the industry average at 94.87% against 18.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 95.20% this quarter and then jump 96.20% 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 94.84% in 2024.
CING Dividends
Cingulate Inc is due to release its next quarterly earnings on 2024-Aug-13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cingulate Inc (NASDAQ:CING)’s Major holders
Cingulate Inc insiders own 11.15% of total outstanding shares while institutional holders control 8.44%, with the float percentage being 9.50%.
