At the time of writing, Cyngn Inc [CYN] stock is trading at $0.61, up 0.74%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CYN shares have gain 1.86% over the last week, with a monthly amount drifted -81.33%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Cyngn Inc fluctuated between $0.35 and $31.49. Cyngn Inc [NASDAQ: CYN] shares were valued at $0.61 at the most recent close of the market.
Analyzing the CYN fundamentals
According to Cyngn Inc [NASDAQ:CYN], the company’s sales were 0.10M for trailing twelve months, which represents an 88.75% jump. 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 0.5853 points at the first support level, and at 0.5582 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6338, and for the 2nd resistance point, it is at 0.6552.
Ratios To Look Out For
It is important to note that Cyngn Inc [NASDAQ:CYN] has a current ratio of 2.43. Further, the Quick Ratio stands at 2.22, while the Cash Ratio is 1.08. Considering the valuation of this stock, the price to sales ratio is 167.83, the price to book ratio is 0.19.
