Cyngn Inc [CYN] stock prices are up 206.81% to $0.18 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CYN shares have gain 58.00% over the last week, with a monthly amount drifted -69.28%, 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.
The stock price of Cyngn Inc [CYN] has been fluctuating between $0.06 and $25.88 over the past year. Cyngn Inc [NASDAQ: CYN] shares were valued at $0.18 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 0.1115 points at the first support level, and at 0.0382 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.2275, and for the 2nd resistance point, it is at 0.2702.
Ratios To Look Out For
It’s worth pointing out that Cyngn Inc [NASDAQ:CYN]’s Current Ratio is 2.43. Also, the Quick Ratio is 2.22, while the Cash Ratio stands at 1.08. Considering the valuation of this stock, the price to sales ratio is 50.62, the price to book ratio is 0.06.
