The stock of Cyngn Inc (NASDAQ: CYN) has decreased by -5.26 when compared to last closing price of 0.11. Despite this, the company has experienced a -6.56% fall in its stock price over the last five trading sessions. PRNewsWire reported 2024-05-01 that MENLO PARK, Calif., May 1, 2024 /PRNewswire/ — Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN) will announce its fiscal first quarter 2024 financial results for the period ended March 31, 2024, on Wednesday, May 8, 2024, after the close of market.
Is It Worth Investing in Cyngn Inc (NASDAQ: CYN) Right Now?
Additionally, the 36-month beta value for CYN is -1.80. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CYN is 84.37M and currently, short sellers hold a 2.87% ratio of that float. The average trading volume of CYN on May 06, 2024 was 10.91M shares.
CYN’s Market Performance
CYN’s stock has seen a -6.56% decrease for the week, with a -39.50% drop in the past month and a -47.20% fall in the past quarter. The volatility ratio for the week is 7.12%, and the volatility levels for the past 30 days are at 16.54% for Cyngn Inc The simple moving average for the last 20 days is -16.70% for CYN stock, with a simple moving average of -67.72% for the last 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 -33.88% 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 -91.78% of loss for the given period.
Volatility was left at 16.54%, however, over the last 30 days, the volatility rate increased by 7.12%, as shares sank -34.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -52.91% lower at present.
During the last 5 trading sessions, CYN fell by -6.56%, which changed the moving average for the period of 200-days by -87.60% in comparison to the 20-day moving average, which settled at $0.1205. In addition, Cyngn Inc saw -29.09% in overturn over a single year, with a tendency to cut further losses.
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 5.78. 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 conclusion, Cyngn Inc (CYN) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
