Cyngn Inc (NASDAQ:CYN)’s traded shares stood at 1.14 million during the last session, with the company’s beta value hitting -1.58. At the close of trading, the stock’s price was $7.17, to imply an increase of 30.84% or $1.69 in intraday trading. The CYN share’s 52-week high remains $59.50, putting it -729.85% down since that peak but still an impressive 60.25% since price per share fell to its 52-week low of $2.85. The company has a valuation of $14.54M, with an average of 3.42 million shares in intraday trading volume over the past 10 days and average of 618.90K shares over the past 3 months.
Cyngn Inc (NASDAQ:CYN) trade information
After registering a 30.84% upside in the last session, Cyngn Inc (CYN) has traded red over the past five days. The 5-day price performance for the stock is 84.79%, and 81.98% over 30 days. With these gigs, the year-to-date price performance is -50.45%. Short interest in Cyngn Inc (NASDAQ:CYN) saw shorts transact 0.12 million shares and set a 2.8 days time to cover.
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Cyngn Inc (CYN) estimates and forecasts
Looking at statistics comparing Cyngn Inc share performance against respective industry, we note that the company has outperformed competitors. Cyngn Inc (CYN) shares are -16.43% down over the last 6 months, with its year-to-date growth rate higher than industry average at 71.68% against 9.30%. Revenue is forecast to grow 69.50% this quarter before jumping 67.90% for the next one. The rating firms project that company’s revenue will grow 16.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 1M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 2.14M.Earnings reports from the last fiscal year show that sales brought in 40k and 6k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2,400.00% before jumping 35,566.70% in the following quarter.
CYN Dividends
Cyngn Inc has its next earnings report out in December. 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.
Cyngn Inc (NASDAQ:CYN)’s Major holders
Cyngn Inc insiders hold 0.46% of total outstanding shares, with institutional holders owning 12.68% of the shares at 12.74% float percentage. In total, 12.68% institutions holds shares in the company, led by AH CAPITAL MANAGEMENT, L.L.C.. As of 2024-06-30, the company held over 5.76 million shares (or 0.0747% of shares), all amounting to roughly $0.42 million.
The next major institution holding the largest number of shares is REDPOINT MANAGEMENT, LLC with 2.71 million shares, or about 0.0352% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.2 million.
