Cyngn Inc (NASDAQ:CYN) price closed lower on Monday, April 15, dropping -21.75% below its previous close.
A look at the daily price movement shows that the last close reads $0.14. The company’s 5Y monthly beta was ticking -2.03. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.38 and 52-week low of $0.12. The stock subtracted -28.25% on its value in the past month.
Cyngn Inc, which has a market valuation of $9.32 million, is expected to release its quarterly earnings report May 10, 2024 – May 14, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CYN a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that CYN’s price is at present -29.22% off the SMA20 and -36.10% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 29.36, with weekly volatility standing at 10.77%. The indicator jumps to 11.08% when calculated based on the past 30 days. Cyngn Inc (NASDAQ:CYN)’s beta value is holding at -1.97, while the average true range (ATR) indicator is currently reading 0.02.
An analysis of the Cyngn Inc (NASDAQ:CYN) stock in terms of its daily trading volume indicates that the 3-month average is 10.50 million.
Current records show that the company has 64.77M in outstanding shares. The insiders’ percentage holdings are 22.73% of outstanding shares while the percentage share held by institutions stands at 9.68%. But the -21.70% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
