Cingulate Inc (NASDAQ: CING) Stock Jumping 192.68% Over A Month – Any Room For Its Value To Rise?

Cingulate Inc (NASDAQ:CING)’s traded shares stood at 0.61 million during the last session, with the company’s beta value hitting -0.85. At the close of trading, the stock’s price was $5.40, to imply a decrease of -9.09% or -$0.54 in intraday trading. The CING share’s 52-week high remains $187.20, putting it -3366.67% down since that peak but still an impressive 66.67% since price per share fell to its 52-week low of $1.80. The company has a valuation of $11.77M, with an average of 0.99 million shares in intraday trading volume over the past 10 days and average of 3.91 million shares over the past 3 months.

Cingulate Inc (NASDAQ:CING) trade information

After registering a -9.09% downside in the last session, Cingulate Inc (CING) has traded red over the past five days. The 5-day price performance for the stock is -8.78%, and 192.68% over 30 days. With these gigs, the year-to-date price performance is -94.12%. Short interest in Cingulate Inc (NASDAQ:CING) saw shorts transact 0.2 million shares and set a 0.02 days time to cover.

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Cingulate Inc (CING) estimates and forecasts

Looking at statistics comparing Cingulate Inc share performance against respective industry, we note that the company has outperformed competitors. Cingulate Inc (CING) shares are -62.50% down over the last 6 months, with its year-to-date growth rate higher than industry average at 94.87% against 17.20%. Revenue is forecast to grow 96.70% this quarter before jumping 97.40% for the next one.

CING Dividends

Cingulate Inc has its next earnings report out on 2024-Aug-13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Cingulate Inc (NASDAQ:CING)’s Major holders

Cingulate Inc insiders hold 11.15% of total outstanding shares, with institutional holders owning 8.44% of the shares at 9.50% float percentage. In total, 8.44% institutions holds shares in the company.