In recent trading session, Cyngn Inc (NASDAQ:CYN) saw 13.89 million shares changing hands at last check today with its beta currently measuring -1.19. Company’s recent per share price level of $0.38 trading at -$1.23 or -76.70% at last check today assigns it a market valuation of $0.91M. That most recent trading price of CYN’s stock is at a discount of -8186.84% from its 52-week high price of $31.49 and is indicating a discount of -321.05% from its 52-week low price of $1.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.35 million shares which gives us an average trading volume of 659.85K if we extend that period to 3-months.
Cyngn Inc (NASDAQ:CYN) trade information
Upright in the red during last session for losing -76.70%, in the last five days CYN remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $0.38 price level, adding 87.97% to its value on the day. Cyngn Inc’s shares saw a change of -97.41% in year-to-date performance and have moved -88.56% in past 5-day. Cyngn Inc (NASDAQ:CYN) showed a performance of -94.03% in past 30-days. Number of shares sold short was 0.12 million shares which calculate 2.8 days to cover the short interests.
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Cyngn Inc (CYN) estimates and forecasts
Statistics highlight that Cyngn Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -94.52% of value to its shares in past 6 months, showing an annual growth rate of 71.68% while that of industry is 9.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -58.77% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 400k for the same.
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 -16.02% during past 5 years.
Cyngn Inc (NASDAQ:CYN)’s Major holders
Insiders are in possession of 0.46% of company’s total shares while institution are holding 12.68 percent of that, with stock having share float percentage of 12.74%. Investors also watch the number of corporate investors in a company very closely, which is 12.68% institutions for Cyngn Inc that are currently holding shares of the company. AH CAPITAL MANAGEMENT, L.L.C. is the top institutional holder at CYN for having 5.76 million shares of worth $0.42 million. And as of 2024-06-30, it was holding 0.0747 of the company’s outstanding shares.
The second largest institutional holder is REDPOINT MANAGEMENT, LLC, which was holding about 2.71 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.0352 of outstanding shares, having a total worth of $0.2 million.
On the other hand, Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 17.19 shares of worth $6676.0 or 0.71% of the total outstanding shares. The later fund manager was in possession of 10.51 shares on Oct 31, 2024, making its stake of worth around $4079.0 in the company or a holder of 0.43% of company’s stock.
