Cyngn Inc (CYN) Stock: A Closer Look at the Market Potential

Company’s 36-month beta value is -2.03.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for CYN is 53.12M, and currently, short sellers hold a 3.96% ratio of that floaft. The average trading volume of CYN on April 03, 2024 was 10.42M shares.

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CYN) stock’s latest price update

Cyngn Inc (NASDAQ: CYN)’s stock price has plunge by -2.18relation to previous closing price of 0.17. Nevertheless, the company has seen a 5.26% surge in its stock price over the last five trading sessions. PRNewsWire reported 2024-02-27 that MENLO PARK, Calif., Feb. 27, 2024 /PRNewswire/ — Cyngn, Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN) will announce its 2023 fourth quarter and year-end financial results for the period ended December 31, 2023, on Wednesday, March 6, 2024, after the close of market.

CYN’s Market Performance

CYN’s stock has risen by 5.26% in the past week, with a monthly drop of -15.63% and a quarterly rise of 14.86%. The volatility ratio for the week is 7.74% while the volatility levels for the last 30 days are 10.24% for Cyngn Inc The simple moving average for the past 20 days is -3.23% for CYN’s stock, with a -60.38% simple moving average for the past 200 days.

Analysts’ Opinion of CYN

Many brokerage firms have already submitted their reports for CYN stocks, with Aegis Capital repeating the rating for CYN by listing it as a “Buy.” The predicted price for CYN in the upcoming period, according to Aegis Capital is $13 based on the research report published on November 16, 2021 of the previous year 2021.

CYN Trading at -9.95% from the 50-Day Moving Average

After a stumble in the market that brought CYN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.96% of loss for the given period.

Volatility was left at 10.24%, however, over the last 30 days, the volatility rate increased by 7.74%, as shares sank -19.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.70% upper at present.

During the last 5 trading sessions, CYN rose by +5.26%, which changed the moving average for the period of 200-days by -81.48% in comparison to the 20-day moving average, which settled at $0.1698. In addition, Cyngn Inc saw 14.86% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CYN

Current profitability levels for the company are sitting at:

  • -15.68 for the present operating margin
  • 0.18 for the gross margin

The net margin for Cyngn Inc stands at -15.14. The total capital return value is set at -2.13. Equity return is now at value -131.28, with -118.38 for asset returns.

Based on Cyngn Inc (CYN), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -20.49. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is -354.84.

Currently, EBITDA for the company is -22.38 million with net debt to EBITDA at 0.12. When we switch over and look at the enterprise to sales, we see a ratio of 7.44. The receivables turnover for the company is 1.92for trailing twelve months and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.55.

Conclusion

In a nutshell, Cyngn Inc (CYN) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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