In the last trading session, 52.32 million Cyngn Inc (NASDAQ:CYN) shares changed hands as the company’s beta touched -1.22. With the company’s per share price at $0.70 changed hands at $0.23 or 49.29% during last session, the market valuation stood at $0.50M. CYN’s last price was a discount, traded about -4398.57% off its 52-week high of $31.49. The share price had its 52-week low at $0.35, which suggests the last value was 50.0% up since then. When we look at Cyngn Inc’s average trading volume, we note the 10-day average is 3.1 million shares, with the 3-month average coming to 1.10 million.
Cyngn Inc (NASDAQ:CYN) trade information
Instantly CYN was in green as seen at the end of in last trading. With action -74.07%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -95.16%, with the 5-day performance at -74.07% in the red. However, in the 30-day time frame, Cyngn Inc (NASDAQ:CYN) is -89.28% down. Looking at the short shares, we see there were 0.12 million shares sold at short interest cover period of 2.8 days.
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 -89.06% over the past 6 months, a 71.68% in annual growth rate that is considerably higher than the industry average of 9.30%.
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 71.61%.
CYN Dividends
Cyngn Inc is expected to release its next quarterly earnings report in January.
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.
