Cingulate Inc (NASDAQ:CING) Down -22.28% Over A Week, Now Can The Stock Hit Well Above -$0.86?

In recent trading session, Cingulate Inc (NASDAQ:CING) saw 1.33 million shares changing hands at last check today with its beta currently measuring -0.93. Company’s recent per share price level of $3.14 trading at -$0.22 or -6.55% at last check today assigns it a market valuation of $9.56M. That most recent trading price of CING’s stock is at a discount of -4753.5% from its 52-week high price of $152.40 and is indicating a premium of 42.68% from its 52-week low price of $1.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 79580.0 shares which gives us an average trading volume of 3.84 million if we extend that period to 3-months.

Cingulate Inc (NASDAQ:CING) trade information

Upright in the red during last session for losing -6.55%, in the last five days CING remained trading in the red while hitting it’s week-highest on Friday, 11/01/24 when the stock touched $3.14 price level, adding 23.41% to its value on the day. Cingulate Inc’s shares saw a change of -96.58% in year-to-date performance and have moved -22.28% in past 5-day. Cingulate Inc (NASDAQ:CING) showed a performance of -27.65% in past 30-days. Number of shares sold short was 38266.0 shares which calculate 0.23 days to cover the short interests.

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Cingulate Inc (CING) estimates and forecasts

Statistics highlight that Cingulate Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -70.43% of value to its shares in past 6 months, showing an annual growth rate of 95.99% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -24.19% during past 5 years.

Cingulate Inc (NASDAQ:CING)’s Major holders

Insiders are in possession of 3.48% of company’s total shares while institution are holding 2.70 percent of that, with stock having share float percentage of 2.80%. Investors also watch the number of corporate investors in a company very closely, which is 2.70% institutions for Cingulate Inc that are currently holding shares of the company.