In the latest trading session,, 0.42 million Cyngn Inc (NASDAQ:CYN) shares changed hands as the company’s beta touched -1.58. With the company’s most recent per share price at $6.92 changing hands around $1.44 or 26.36% at last look, the market valuation stands at $14.04M. CYN’s current price is a discount, trading about -759.83% off its 52-week high of $59.50. The share price had its 52-week low at $2.85, which suggests the last value was 58.82% up since then. When we look at Cyngn Inc’s average trading volume, we note the 10-day average is 3.42 million shares, with the 3-month average coming to 618.90K.
Cyngn Inc (NASDAQ:CYN) trade information
Instantly CYN is in green as seen in intraday trades today. With action 78.47%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -52.14%, with the 5-day performance at 78.47% in the green. However, in the 30-day time frame, Cyngn Inc (NASDAQ:CYN) is 75.76% up. Looking at the short shares, we see there were 0.12 million shares sold at short interest cover period of 2.8 days.
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Cyngn Inc (CYN) estimates and forecasts
Data shows that the Cyngn Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -19.29% over the past 6 months, a 71.68% in annual growth rate that is considerably higher than the industry average of 9.30%. Year-over-year growth is forecast to reach 16.90% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 1M. 1 analysts are of the opinion that Cyngn Inc’s revenue for the current quarter will be 2.14M. The company’s revenue for the corresponding quarters a year ago was 40k and 6k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2,400.00%. The estimates for the next quarter sales put growth at 35,566.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -16.02%. The 2024 estimates are for Cyngn Inc earnings to increase by 71.48%.
CYN Dividends
Cyngn Inc is expected to release its next quarterly earnings report on 2025-Mar-07.
Cyngn Inc (NASDAQ:CYN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.46% of Cyngn Inc shares while 12.68% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 12.74%. There are 12.68% institutions holding the Cyngn Inc stock share, with AH CAPITAL MANAGEMENT, L.L.C. the top institutional holder. As of 2024-06-30, the company held 0.0747% of the shares, roughly 5.76 million CYN shares worth $0.42 million.
REDPOINT MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 0.0352% or 2.71 million shares worth $0.2 million as of 2024-06-30.
