A new trading day began on Monday, with Cingulate Inc (NASDAQ: CING) stock price down -27.64% from the previous day of trading, before settling in for the closing price of $17.69. CING’s price has ranged from $1.80 to $187.20 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged 94.80%.
In an organization with 13 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 183.51%, operating margin of 0.71%, and the pretax margin is 0.5%.
Cingulate Inc (CING) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Cingulate Inc is 15.11%, while institutional ownership is 5.97%. The most recent insider transaction that took place on Aug 15 ’24, was worth 841. In this transaction EVP and COO of this company sold 202 shares at a rate of $4.17, taking the stock ownership to the 0 shares. Before that another transaction happened on Sep 15 ’23, when Company’s Corporate Controller bought 5,000 for $0.67, making the entire transaction worth $3,348. This insider now owns 45,508 shares in total.
Cingulate Inc (CING) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -3.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 94.80% per share during the next fiscal year.
Cingulate Inc (NASDAQ: CING) Trading Performance Indicators
Here are Cingulate Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -156.56, a number that is poised to hit -2.65 in the next quarter and is forecasted to reach -12.41 in one year’s time.
Technical Analysis of Cingulate Inc (CING)
Let’s dig in a bit further. During the last 5-days, its volume was 43.14 million. That was better than the volume of 1.4 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 67.10%. Additionally, its Average True Range was 2.45.
During the past 100 days, Cingulate Inc’s (CING) raw stochastic average was set at 57.80%, which indicates a significant increase from 57.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 710.08% in the past 14 days, which was higher than the 315.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.52, while its 200-day Moving Average is $26.96. However, in the short run, Cingulate Inc’s stock first resistance to watch stands at $15.44. Second resistance stands at $18.08. The third major resistance level sits at $20.01. If the price goes on to break the first support level at $10.87, it is likely to go to the next support level at $8.94. Assuming the price breaks the second support level, the third support level stands at $6.30.
Cingulate Inc (NASDAQ: CING) Key Stats
With a market capitalization of 12.16 million, the company has a total of 7,345K Shares Outstanding. Currently, annual sales are 0 K while annual income is -23,530 K. The company’s previous quarter sales were 0 K while its latest quarter income was -2,970 K.
