Why Do Investors Buy Stock In Cyngn Inc (CYN)?

Cyngn Inc (NASDAQ:CYN) has a beta value of 0.09 and has seen 4.14 million shares traded in the last trading session. The company, currently valued at $50.09M, closed the last trade at $9.9 per share which meant it gained $0.66 on the day or 7.14% during that session. The CYN stock price is -16066.67% off its 52-week high price of $1600.50 and 63.43% above the 52-week low of $3.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.47 million shares traded. The 3-month trading volume is 4.15 million shares.

Cyngn Inc (NASDAQ:CYN) trade information

Sporting 7.14% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CYN stock price touched $9.9 or saw a rise of 23.73%. Year-to-date, Cyngn Inc shares have moved -98.27%, while the 5-day performance has seen it change -22.96%. Over the past 30 days, the shares of Cyngn Inc (NASDAQ:CYN) have changed 107.11%. Short interest in the company has seen 27255.0 shares shorted with days to cover at 0.87.

Cyngn Inc (CYN) estimates and forecasts

The company’s shares have lost -90.54% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 1,149.52%.

1 analysts offering their estimates for the company have set an average revenue estimate of 900k for the current quarter. 1 have an estimated revenue figure of 1.5M for the next ending quarter.

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 14.07% over the past 5 years.

CYN Dividends

Cyngn Inc is expected to release its next earnings report on 2025-May-07 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 4.63% of the company shares, while shares held by institutions stand at 15.52% with a share float percentage of 16.27%. Investors are also buoyed by the number of investors in a company, with Cyngn Inc having a total of 19.0 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.

Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund and Fidelity Concord Street Trust-Fidelity Extended Market Index Fund . As of Mar 31, 2025 , the former fund manager holds about 0.90% shares in the company for having 15.78 shares of worth $0.16 million while later fund manager owns 9.9 shares of worth $97990.0 as of May 31, 2025 , which makes it owner of about 0.56% of company’s outstanding stock.

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