The stock has a 36-month beta value of -1.10. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CYN is 2.24M, and at present, short sellers hold a 63.79% of that float. On January 13, 2025, the average trading volume of CYN was 4.82M shares.
CYN) stock’s latest price update
The stock of Cyngn Inc (NASDAQ: CYN) has decreased by -16.06 when compared to last closing price of 0.55. Despite this, the company has experienced a -37.66% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-31 that MENLO PARK, Calif., Dec. 31, 2024 /PRNewswire/ — Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, today announced the closing of its previously announced registered direct offering priced at-the-market under Nasdaq rules for the purchase and sale of an aggregate of 15,000,000 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $0.60 per share (or $0.5999 for each pre-funded warrant).
CYN’s Market Performance
CYN’s stock has fallen by -37.66% in the past week, with a monthly drop of -88.26% and a quarterly drop of -87.33%. The volatility ratio for the week is 15.33% while the volatility levels for the last 30 days are 26.39% for Cyngn Inc The simple moving average for the past 20 days is -63.35% for CYN’s stock, with a -92.79% 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 -87.36% 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 -98.53% of loss for the given period.
Volatility was left at 26.39%, however, over the last 30 days, the volatility rate increased by 15.33%, as shares sank -88.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -86.81% lower at present.
During the last 5 trading sessions, CYN fell by -35.97%, which changed the moving average for the period of 200-days by -96.98% in comparison to the 20-day moving average, which settled at $1.2623. In addition, Cyngn Inc saw -45.54% 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:
- -222.12 for the present operating margin
- -7.23 for the gross margin
The net margin for Cyngn Inc stands at -221.06. The total capital return value is set at -3.41. Equity return is now at value -267.91, with -225.38 for asset returns.
Currently, EBITDA for the company is -22.38 million with net debt to EBITDA at 0.07. When we switch over and look at the enterprise to sales, we see a ratio of 107.21. 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 2.43.
Conclusion
To sum up, Cyngn Inc (CYN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
