During the last session, Cyngn Inc (NASDAQ:CYN)’s traded shares were 25.03 million, with the beta value of the company hitting -1.20. At the end of the trading day, the stock’s price was $0.85, reflecting an intraday gain of 4.79% or $0.04. The 52-week high for the CYN share is $31.49, that puts it down -3604.71 from that peak though still a striking 58.82% gain since the share price plummeted to a 52-week low of $0.35. The company’s market capitalization is $2.16M, and the average intraday trading volume over the past 10 days was 21.7 million shares, and the average trade volume was 3.68 million shares over the past three months.
Cyngn Inc (NASDAQ:CYN) trade information
Cyngn Inc (CYN) registered a 4.79% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.79% in intraday trading to $0.85, hitting a weekly high. The stock’s 5-day price performance is 21.30%, and it has moved by -85.05% in 30 days. Based on these gigs, the overall price performance for the year is -94.13%. The short interest in Cyngn Inc (NASDAQ:CYN) is 0.12 million shares and it means that shorts have 2.8 day(s) to cover.
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Cyngn Inc (CYN) estimates and forecasts
Statistics show that Cyngn Inc has outperformed its competitors in share price, compared to the industry in which it operates. Cyngn Inc (CYN) shares have gone down -83.42% during the last six months, with a year-to-date growth rate more than the industry average at 71.68% against 8.40. In the rating firms’ projections, revenue will decrease -58.77% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 400k as predicted by 1 analyst(s).
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -16.02%.
CYN Dividends
Cyngn Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cyngn Inc (NASDAQ:CYN)’s Major holders
Cyngn Inc insiders own 0.46% of total outstanding shares while institutional holders control 12.68%, with the float percentage being 12.74%. AH CAPITAL MANAGEMENT, L.L.C. is the largest shareholder of the company, while 25.0 institutions own stock in it. As of 2024-06-30, the company held over 5.76 million shares (or 0.0747% of all shares), a total value of $0.42 million in shares.
The next largest institutional holding, with 2.71 million shares, is of REDPOINT MANAGEMENT, LLC’s that is approximately 0.0352% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.2 million.
