Cyngn Inc (NASDAQ: CYN) is -98.30% lower on its value in year-to-date trading and has touched a low of $3.62 and a high of $1600.50 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 $13.60 in the last trading session, with the day’s loss setting it -11.32%.
Currently trading at $2.28M, the stock is 191.54% and 222.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 65.61 million and changing 65606630% at the moment leaves the stock -93.36% off its SMA200. CYN registered -87.18% loss for a year compared to 6-month loss of -84.45%. The firm has a 50-day simple moving average (SMA 50) of $5.05648 and a 200-day simple moving average (SMA200) of $245.80594.
The stock witnessed a 227.25% gain in the last 1 month and extending the period to 3 months gives it a 231.91%, and is 308.25% 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 71.90% over the week and 20.77% over the month.
Cyngn Inc (CYN) has around 58 employees, a market worth around $28.61M and $0.41M in sales. Profit margin for the company is -7534.60%. Distance from 52-week low is 351.10% and -98.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-139.44%).
with sales reaching $900k over the same period., but quarterly earnings will post 1,149.52% year-over-year.
Cyngn Inc (CYN) Top Institutional Holders
19.0 institutions hold shares in Cyngn Inc (CYN), with institutional investors hold 16.27% of the company’s shares. The shares outstanding are 1.75M, and float is at 1.69M with Short Float at 1.61%. Institutions hold 15.52% 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.
