On Monday, Cyngn Inc (NASDAQ: CYN) opened higher 49.29% from the last session, before settling in for the closing price of $0.47. Price fluctuations for CYN have ranged from $0.35 to $31.49 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 92.11%. Company’s average yearly earnings per share was noted 71.61% at the time writing. With a float of $2.24 million, this company’s outstanding shares have now reached $2.43 million.
Considering the fact that the conglomerate employs 81 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -723.29%, operating margin of -22212.27%, and the pretax margin is -22105.79%.
Cyngn Inc (CYN) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Cyngn Inc is 8.04%, while institutional ownership is 2.65%.
Cyngn Inc (CYN) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 71.61% per share during the next fiscal year.
Cyngn Inc (NASDAQ: CYN) Trading Performance Indicators
Check out the current performance indicators for Cyngn Inc (CYN). In the past quarter, the stock posted a quick ratio of 2.22. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -26.24, a number that is poised to hit -2.88 in the next quarter and is forecasted to reach -6.76 in one year’s time.
Technical Analysis of Cyngn Inc (CYN)
Compared to the last year’s volume of 0.79 million, its volume of 16.46 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 4.13%. Additionally, its Average True Range was 0.71.
During the past 100 days, Cyngn Inc’s (CYN) raw stochastic average was set at 4.15%, which indicates a significant decrease from 5.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 566.24% in the past 14 days, which was higher than the 248.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.4093, while its 200-day Moving Average is $7.3493. Nevertheless, the first resistance level for the watch stands at $0.8619 in the near term. At $1.0237, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.1875. If the price goes on to break the first support level at $0.5363, it is likely to go to the next support level at $0.3725. Now, if the price goes above the second support level, the third support stands at $0.2107.
Cyngn Inc (NASDAQ: CYN) Key Stats
There are currently 2,432K shares outstanding in the company with a market cap of 0.50 million. Presently, the company’s annual sales total 1,490 K according to its annual income of -22,810 K. Last quarter, the company’s sales amounted to 50 K and its income totaled -5,430 K.
