In the last trading session, 2.37 million shares of the Cyngn Inc (NASDAQ:CYN) were traded, and its beta was -1.20. Most recently the company’s share price was $0.56, and it changed around $0.0 or 1.06% from the last close, which brings the market valuation of the company to $15.38M. CYN currently trades at a discount to its 52-week high of $31.49, offering almost -5523.21% off that amount. The share price’s 52-week low was $0.35, which indicates that the current value has risen by an impressive 37.5% since then. We note from Cyngn Inc’s average daily trading volume that its 10-day average is 7.4 million shares, with the 3-month average coming to 5.48 million.
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.
Cyngn Inc (NASDAQ:CYN) trade information
Instantly CYN has showed a green trend with a performance of 1.06% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.6700 on recent trading dayincreased the stock’s daily price by 16.42%. The company’s shares are currently down -33.88% year-to-date, but still up 22.02% over the last five days. On the other hand, Cyngn Inc (NASDAQ:CYN) is -77.68% 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 -90.40 percent over the past six months and at a 71.68% annual growth rate that is well above the industry average of 9.00%. 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 February.
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.
Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 17.19 shares worth $9652.0, making up 0.71% of all outstanding shares. On the other hand, Fidelity Extended Market Index Fund held roughly 10.44 shares worth around $5858.0, which represents about 0.43% of the total shares outstanding.
