Taking on analysts’ expectations and winning: Cyngn Inc (CYN)

With 1.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 10.42 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.1708 whereas the lowest price it dropped to was $0.1580. The 52-week range on CYN shows that it touched its highest point at $1.38 and its lowest point at $0.12 during that stretch. It currently has a 1-year price target of $2.70. Beta for the stock currently stands at -2.03.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CYN was up-trending over the past week, with a rise of 5.26%, but this was down by -15.63% over a month. Three-month performance surged to 14.86% while six-month performance fell -61.91%. The stock lost -84.51% in the past year, while it has gained 14.86% so far this year. A look at the trailing 12-month EPS for CYN yields -0.57 with Next year EPS estimates of -0.04. For the next quarter, that number is -0.06. This implies an EPS growth rate of 52.63% for this year and 83.33% for next year.

Float and Shares Shorts:

At present, 64.77 million CYN shares are outstanding with a float of 53.12 million shares on hand for trading. On Mar 15, 2024, short shares totaled 2.1 million, which was 2.56% higher than short shares on Feb 15, 2024. In addition to CAN as the firm’s Canaan Inc., CYBN serves as its Cybin Inc.

Institutional Ownership:

Through their ownership of 31.68% of CYN’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CYN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, CYN has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and CYN currently yields $0.00. In the past year, CYN’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, CYN has a current buyback yield of $–. This was $– for the TTM, and it was $– for the past five years.