The key reasons why Cingulate Inc (CING) is -96.78% away from 52-week high?

As on Thursday, Cingulate Inc (NASDAQ: CING) started slowly as it slid -10.28% to $6.02, before settling in for the price of $6.71 at the close. Taking a more long-term approach, CING posted a 52-week range of $1.80-$187.20.

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The company of the Healthcare sector’s yearbook sales growth during the past 5- year span was recorded 0.00%. Meanwhile, its Annual Earning per share during the time was -24.19%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 95.60%. This publicly-traded company’s shares float of $1.85 million. The organization now has a market capitalization sitting at $13.12 million. At the time of writing, stock’s 50-day Moving Average stood at $5.79, while the 200-day Moving Average is $22.37.

Cingulate Inc (CING) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Biotechnology industry. Cingulate Inc’s current insider ownership accounts for 15.08%, in contrast to 2.60% institutional ownership. According to the most recent insider trade that took place on Aug 15 ’24, this organization’s EVP and COO sold 202 shares at the rate of 4.17, making the entire transaction reach 841 in total value, affecting insider ownership by 0. Preceding that transaction, on Sep 15 ’23, Company’s Corporate Controller bought 5,000 for 0.67, making the whole transaction’s value amount to 3,348. This particular insider is now the holder of 45,508 in total.

Cingulate Inc (CING) Earnings and Revenue Records

Cingulate Inc’s EPS increase for this current 12-month fiscal period is 95.60% and is forecasted to reach -7.31 in the upcoming year.

Cingulate Inc (NASDAQ: CING) Trading Performance Indicators

Let’s observe the current performance indicators for Cingulate Inc (CING). It’s Quick Ratio in the last reported quarter now stands at 1.20. The Stock has managed to achieve an average true range (ATR) of 2.18.

In the same vein, CING’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -156.56, a figure that is expected to reach -2.36 in the next quarter, and analysts are predicting that it will be -7.31 at the market close of one year from today.

Technical Analysis of Cingulate Inc (CING)

Through scrutinizing the latest numbers posted by the [Cingulate Inc, CING], it can be observed that its last 5-days Average volume of 1.56 million was better the volume of 1.45 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 7.71% While, its Average True Range was 2.21.

Raw Stochastic average of Cingulate Inc (CING) in the period of the previous 100 days is set at 22.18%, which indicates a major rise in contrast to 0.13% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 604.98% that was higher than 324.12% volatility it exhibited in the past 100-days period.