Cyngn Inc (NASDAQ: CYN) is -99.36% lower on its value in year-to-date trading and has touched a low of $3.62 and a high of $1312.50 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 $9.11 in the last trading session, with the day’s loss setting it -0.28%.
Currently trading at $8.83, the stock is -9.57% and 31.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -3.13% at the moment leaves the stock -95.82% off its SMA200. CYN registered -93.07% loss for a year compared to 6-month loss of -90.60%. The firm has a 50-day simple moving average (SMA 50) of $6.46918 and a 200-day simple moving average (SMA200) of $219.4132.
The stock witnessed a 107.33% gain in the last 1 month and extending the period to 3 months gives it a 97.54%, and is -4.44% down 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 13.39% over the week and 25.98% over the month.
Cyngn Inc (CYN) has around 58 employees, a market worth around $44.68M and $0.41M in sales. Profit margin for the company is -7534.60%. Distance from 52-week low is 143.92% and -99.33% 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.
19.0 institutions hold shares in Cyngn Inc (CYN), with institutional investors hold 16.27% of the company’s shares. The shares outstanding are 5.06M, and float is at 4.88M with Short Float at 28.85%. 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.
