Cyngn Inc [CYN] stock prices are down -11.82% to $14.4 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 254.68% over the last week, with a monthly amount glided 188.58%, and 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 $3.62 and $1600.50 over the past year. Cyngn Inc [NASDAQ: CYN] shares were valued at $14.4 at the most recent close of the market.
Analyzing the CYN fundamentals
The Cyngn Inc [NASDAQ:CYN] reported sales of 0.41M for trailing twelve months, representing a surge of 755.29%. Gross Profit Margin for this corporation currently stands at -0.62% with Operating Profit Margin at -53.88%, Pretax Profit Margin comes in at -75.35%, and Net Profit Margin reading is -75.35%. To continue investigating profitability, this company’s Return on Assets is posted at -1.27, Equity is -2.47 and Total Capital is -1.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 13.27 points at the first support level, and at 12.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.15, and for the 2nd resistance point, it is at 15.91.
Ratios To Look Out For
It’s worth pointing out that Cyngn Inc [NASDAQ:CYN]’s Current Ratio is 8.49. On the other hand, the Quick Ratio is 8.08, and the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 61.53, the price to book ratio is 1.14.
