On Friday, Cingulate Inc (NASDAQ: CING) was 3.68% up from the session before settling in for the closing price of $3.53. A 52-week range for CING has been $1.80 – $20.83.
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When this article was written, the company’s average yearly earnings per share was at 69.59%. With a float of $4.10 million, this company’s outstanding shares have now reached $4.25 million.
In an organization with 13 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 0.0%, operating margin of 0.0%, and the pretax margin is 0.0%.
Cingulate Inc (CING) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Cingulate Inc stocks. The insider ownership of Cingulate Inc is 3.35%, while institutional ownership is 3.22%. 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.
Cingulate Inc (CING) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 69.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 57.55% during the next five years compared to 40.00% growth over the previous five years of trading.
Cingulate Inc (NASDAQ: CING) Trading Performance Indicators
You can see what Cingulate Inc (CING) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -10.15, a number that is poised to hit -0.95 in the next quarter and is forecasted to reach -2.21 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 0.56 million. That was better than the volume of 0.15 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 20.58%. Additionally, its Average True Range was 0.32.
During the past 100 days, Cingulate Inc’s (CING) raw stochastic average was set at 16.46%, which indicates a significant decrease from 35.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.38% in the past 14 days, which was higher than the 59.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.00, while its 200-day Moving Average is $4.71. However, in the short run, Cingulate Inc’s stock first resistance to watch stands at $3.76. Second resistance stands at $3.86. The third major resistance level sits at $4.04. If the price goes on to break the first support level at $3.48, it is likely to go to the next support level at $3.30. Assuming the price breaks the second support level, the third support level stands at $3.20.
Cingulate Inc (NASDAQ: CING) Key Stats
There are 4,246K outstanding shares of the company, which has a market capitalization of 15.54 million. As of now, sales total 0 K while income totals -15,550 K. Its latest quarter income was 0 K while its last quarter net income were -3,800 K.
