Cingulate Inc (CING) Shares Gain 103.77% Over Last Week

Cingulate Inc [CING] stock prices are up 74.05% to $0.65 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CING shares have gain 103.77% over the last week, with a monthly amount drifted -10.35%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Cingulate Inc [NASDAQ: CING] stock has seen the most recent analyst activity on December 22, 2023, when Laidlaw downgraded its rating to a Hold.

The stock price of Cingulate Inc [CING] has been fluctuating between $0.28 and $21.20 over the past year. Cingulate Inc [NASDAQ: CING] shares were valued at $0.65 at the most recent close of the market.

Analyzing the CING fundamentals

Gross Profit Margin for this corporation currently stands at 2.65% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -4.1, Equity is 9.14 and Total Capital is -9.4. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.4225 points at the first support level, and at 0.1971 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8117, and for the 2nd resistance point, it is at 0.9755.

Ratios To Look Out For

It’s worth pointing out that Cingulate Inc [NASDAQ:CING]’s Current Ratio is 1.21. On the other hand, the Quick Ratio is 1.21, and the Cash Ratio is 0.5.

Transactions by insiders

Recent insider trading involved Callahan Jennifer L., Corporate Controller, that happened on Sep 15 ’23 when 5000.0 shares were purchased. Director, Werth Peter J. completed a deal on Aug 11 ’23 to buy 1.82 million shares.

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