Cingulate Inc (NASDAQ: CING) Surprises Wall Street With 22.71% Stock Price Gain

Cingulate Inc (NASDAQ:CING) has a beta value of -1.03 and has seen 5.22 million shares traded in the last trading session. The company, currently valued at $13.65M, closed the last trade at $7.89 per share which meant it gained $1.46 on the day or 22.71% during that session. The CING stock price is -2272.62% off its 52-week high price of $187.20 and 77.19% above the 52-week low of $1.80. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.31 million shares traded. The 3-month trading volume is 3.71 million shares.

Cingulate Inc (NASDAQ:CING) trade information

Sporting 22.71% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CING stock price touched $7.89 or saw a rise of 33.59%. Year-to-date, Cingulate Inc shares have moved -91.41%, while the 5-day performance has seen it change -18.58%. Over the past 30 days, the shares of Cingulate Inc (NASDAQ:CING) have changed 94.53%. Short interest in the company has seen 51592.0 shares shorted with days to cover at 0.01.

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Cingulate Inc (CING) estimates and forecasts

Figures show that Cingulate Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -50.93% over the past 6 months, with this year growth rate of 94.87%, compared to 18.00% for the industry.

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 -24.19% over the past 5 years.

CING Dividends

Cingulate Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Cingulate Inc (NASDAQ:CING)’s Major holders

Insiders own 11.15% of the company shares, while shares held by institutions stand at 8.44% with a share float percentage of 9.50%. Investors are also buoyed by the number of investors in a company, with Cingulate Inc having a total of 10.0 institutions that hold shares in the company.