Cyngn Inc (NASDAQ: CYN) is -50.45% lower on its value in year-to-date trading and has touched a low of $2.85 and a high of $59.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CYN stock was last observed hovering at around $5.48 in the last trading session, with the day’s gains setting it 1.69%.
Currently trading at $7.17, the stock is 73.26% and 85.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 30.84% at the moment leaves the stock -23.17% off its SMA200. CYN registered -62.95% loss for a year compared to 6-month loss of -16.43%. The firm has a 50-day simple moving average (SMA 50) of $3.7867 and a 200-day simple moving average (SMA200) of $9.405575.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 81.98% gain in the last 1 month and extending the period to 3 months gives it a 73.19%, and is 84.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 29.17% over the week and 13.69% over the month.
Cyngn Inc (CYN) has around 81 employees, a market worth around $14.54M and $0.10M in sales. Profit margin for the company is -22105.79%. Distance from 52-week low is 151.58% and -87.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-339.50%).
The EPS is expected to grow by 71.48% this year
25.0 institutions hold shares in Cyngn Inc (CYN), with institutional investors hold 12.74% of the company’s shares. The shares outstanding are 2.03M, and float is at 1.83M with Short Float at 9.10%. Institutions hold 12.68% of the Float.
The top institutional shareholder in the company is AH CAPITAL MANAGEMENT, L.L.C. with over 5.76 million shares valued at $0.42 million. The investor’s holdings represent 0.0747 of the CYN Shares outstanding. As of 2024-06-30, the second largest holder is REDPOINT MANAGEMENT, LLC with 2.71 million shares valued at $0.2 million to account for 0.0352 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.37 million shares representing 0.0307 and valued at over $0.17 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.0111 of the shares totaling 0.86 million with a market value of $62853.0.
