Cyngn Inc [CYN] stock prices are up 30.84% to $7.17 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CYN shares have gain 84.79% over the last week, with a monthly amount glided 81.98%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cyngn Inc [NASDAQ: CYN] stock has seen the most recent analyst activity on November 16, 2021, when Aegis Capital initiated its Buy rating and assigned the stock a price target of $13.
The stock price of Cyngn Inc [CYN] has been fluctuating between $2.85 and $59.50 over the past year. Cyngn Inc [NASDAQ: CYN] shares were valued at $7.17 at the most recent close of the market.
Analyzing the CYN fundamentals
The Cyngn Inc [NASDAQ:CYN] reported sales of 0.10M for trailing twelve months, representing a surge of 88.75%. Gross Profit Margin for this corporation currently stands at -7.23% with Operating Profit Margin at -222.12%, Pretax Profit Margin comes in at -221.06%, and Net Profit Margin reading is -221.06%. To continue investigating profitability, this company’s Return on Assets is posted at -2.66, Equity is -2.58 and Total Capital is -3.41. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 5.57 points at the first support level, and at 3.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.76, and for the 2nd resistance point, it is at 10.35.
Ratios To Look Out For
It’s worth pointing out that Cyngn Inc [NASDAQ:CYN]’s Current Ratio is 2.43. On the other hand, the Quick Ratio is 2.22, and the Cash Ratio is 1.08. Considering the valuation of this stock, the price to sales ratio is 145.36, the price to book ratio is 2.19.
