In today’s recent session, 0.63 million shares of the Cyngn Inc (NASDAQ:CYN) have been traded, and its beta is -1.48. Most recently the company’s share price was $3.80, and it changed around -$2.16 or -36.24% from the last close, which brings the market valuation of the company to $9.85M. CYN at last check was trading at a discount to its 52-week high of $59.50, offering almost -1465.79% off that amount. The share price’s 52-week low was $2.85, which indicates that the recent value has risen by an impressive 25.0% since then. We note from Cyngn Inc’s average daily trading volume that its 10-day average is 0.15 million shares, with the 3-month average coming to 614.94K.
Cyngn Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended CYN as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Cyngn Inc is expected to report earnings per share of -3.21 for the current quarter.
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Cyngn Inc (NASDAQ:CYN) trade information
Instantly CYN has been showing red trend so far today with a performance of -36.24% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 6.24 on recent trading dayincreased the stock’s daily price by 39.1%. The company’s shares are currently down -73.74% year-to-date, but still down -30.40% over the last five days. On the other hand, Cyngn Inc (NASDAQ:CYN) is -19.15% down in the 30-day period. We can see from the shorts that 0.12 million shares have been sold at a short interest cover period of 2.8 day(s).
Cyngn Inc (CYN) estimates and forecasts
Cyngn Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -61.73 percent over the past six months and at a 71.68% annual growth rate that is well above the industry average of 8.20%. The year-over-year growth rate is expected to be -58.77%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 400k in revenue for the current quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 891.08%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -16.02%.
CYN Dividends
Cyngn Inc’s next quarterly earnings report is expected to be released in January.
Cyngn Inc (NASDAQ:CYN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.46% of Cyngn Inc shares, and 12.68% of them are in the hands of institutional investors. The stock currently has a share float of 12.74%. Cyngn Inc stock is held by 25.0 institutions, with AH CAPITAL MANAGEMENT, L.L.C. being the largest institutional investor. By 2024-06-30, it held 0.0747% of the shares, which is about 5.76 million shares worth $0.42 million.
REDPOINT MANAGEMENT, LLC, with 0.0352% or 2.71 million shares worth $0.2 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
