Cyngn Inc (NASDAQ:CYN) has a beta value of -1.93 and has seen 2.87 million shares traded in the recent trading session. The company, currently valued at $6.29M, closed the recent trade at $3.10 per share which meant it lost -$0.53 on the day or -14.61% during that session. The CYN stock price is -1819.35% off its 52-week high price of $59.50 and -12.9% below the 52-week low of $3.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 60640.0 shares traded. The 3-month trading volume is 796.92K shares.
Cyngn Inc (NASDAQ:CYN) trade information
Sporting -14.61% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CYN stock price touched $3.10 or saw a rise of 27.74%. Year-to-date, Cyngn Inc shares have moved -78.58%, while the 5-day performance has seen it change -27.75%. Over the past 30 days, the shares of Cyngn Inc (NASDAQ:CYN) have changed -31.73%. Short interest in the company has seen 0.12 million shares shorted with days to cover at 0.13.
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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 -84.50% over the past 6 months, with this year growth rate of 71.68%, compared to 6.20% for the industry. Revenue growth from the last financial year stood is estimated to be 16.90%.
2 analysts offering their estimates for the company have set an average revenue estimate of 810k for the current quarter. 2 have an estimated revenue figure of 910k for the next ending quarter. Year-ago sales stood 25k and 40k respectively for this quarter and the next, and analysts expect sales will grow by 3,140.00% for the current quarter and 16.90% 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 on 2024-Aug-07 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 0.46% of the company shares, while shares held by institutions stand at 12.74% with a share float percentage of 12.80%. Investors are also buoyed by the number of investors in a company, with Cyngn Inc having a total of 28.0 institutions that hold shares in the company. The top two institutional holders are AH CAPITAL MANAGEMENT, L.L.C. with over 5.76 million shares worth more than $0.42 million. As of 2024-06-30, AH CAPITAL MANAGEMENT, L.L.C. held 0.0747% of shares outstanding.
The other major institutional holder is REDPOINT MANAGEMENT, LLC, with the holding of over 2.71 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.2 million and represent 0.0352% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund. As of Jun 30, 2024, the former fund manager holds about 35.70% shares in the company for having 723.42 shares of worth $2.27 million while later fund manager owns 101.43 shares of worth $0.32 million as of Jun 30, 2024, which makes it owner of about 5.00% of company’s outstanding stock.
