The stock of Cyngn Inc (NASDAQ: CYN) has decreased by -10.77 when compared to last closing price of 4.27.Despite this, the company has seen a gain of 2.42% in its stock price over the last five trading days. prnewswire.com reported 2024-10-17 that MENLO PARK, Calif., Oct. 17, 2024 /PRNewswire/ — Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN) today announced a commercial deployment of its next-generation DriveMod Tugger, featuring a recent upgrade to 12,000-pound towing capacity, with a customer that is a major manufacturer of automotive service equipment.
Is It Worth Investing in Cyngn Inc (NASDAQ: CYN) Right Now?
Company’s 36-month beta value is -1.91.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CYN is 1.83M, and currently, short sellers hold a 7.61% ratio of that floaft. The average trading volume of CYN on October 21, 2024 was 126.02K shares.
CYN’s Market Performance
CYN stock saw an increase of 2.42% in the past week, with a monthly gain of 1.60% and a quarterly increase of -42.27%. The volatility ratio for the week is 11.97%, and the volatility levels for the last 30 days are 8.02% for Cyngn Inc (CYN). The simple moving average for the past 20 days is -0.14% for CYN’s stock, with a -63.30% 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 -2.11% 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 -93.60% of loss for the given period.
Volatility was left at 8.02%, however, over the last 30 days, the volatility rate increased by 11.97%, as shares surge +4.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.02% lower at present.
During the last 5 trading sessions, CYN rose by +2.42%, which changed the moving average for the period of 200-days by -71.20% in comparison to the 20-day moving average, which settled at $3.82. In addition, Cyngn Inc saw -73.67% 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:
- -285.72 for the present operating margin
- -8.1 for the gross margin
The net margin for Cyngn Inc stands at -283.63. The total capital return value is set at -2.35. Equity return is now at value -191.32, with -164.59 for asset returns.
Based on Cyngn Inc (CYN), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -18.59. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 337.73.
Currently, EBITDA for the company is -22.38 million with net debt to EBITDA at 0.23. When we switch over and look at the enterprise to sales, we see a ratio of 32.87. The receivables turnover for the company is 0.1for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.74.
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.
