Cyngn Inc (NASDAQ:CYN) has a beta value of -1.16 and has seen 7.25 million shares traded in the last trading session. The company, currently valued at $1.63M, closed the last trade at $0.74 per share which meant it lost -$0.08 on the day or -9.42% during that session. The CYN stock price is -4155.41% off its 52-week high price of $31.49 and 52.7% above the 52-week low of $0.35. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.16 million shares traded. The 3-month trading volume is 4.22 million shares.
Cyngn Inc (NASDAQ:CYN) trade information
Sporting -9.42% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CYN stock price touched $0.74 or saw a rise of 55.15%. Year-to-date, Cyngn Inc shares have moved -12.65%, while the 5-day performance has seen it change 24.97%. Over the past 30 days, the shares of Cyngn Inc (NASDAQ:CYN) have changed -85.20%. Short interest in the company has seen 0.12 million shares shorted with days to cover at 2.8.
Cyngn Inc (CYN) estimates and forecasts
Figures show that Cyngn Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -82.47% over the past 6 months, with this year growth rate of 71.68%, compared to 8.50% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -16.02% over the past 5 years.
CYN Dividends
Cyngn Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cyngn Inc (NASDAQ:CYN)’s Major holders
Insiders own 0.46% of the company shares, while shares held by institutions stand at 12.68% with a share float percentage of 12.74%. Investors are also buoyed by the number of investors in a company, with Cyngn Inc having a total of 25.0 institutions that hold shares in the company. The top two institutional holders are AH CAPITAL MANAGEMENT, L.L.C. with over 5.76 million shares worth more than $0.42 million. As of 2024-06-30, AH CAPITAL MANAGEMENT, L.L.C. held 0.0747% of shares outstanding.
The other major institutional holder is REDPOINT MANAGEMENT, LLC, with the holding of over 2.71 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.2 million and represent 0.0352% of shares outstanding.
