Cyngn Inc Stock Price on October 3, 2024
| CYN Stock | USD 6.10 0.43 6.58% |
If you're considering investing in Cyngn Stock, it is important to understand the factors that can impact its price. As of today, the current price of Cyngn stands at 6.10, as last reported on the 25th of November, with the highest price reaching 6.74 and the lowest price hitting 6.10 during the day. Cyngn appears to be very risky, given 3 months investment horizon. Cyngn Inc secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. By analyzing Cyngn's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please makes use of Cyngn's Downside Deviation of 5.83, mean deviation of 4.92, and Risk Adjusted Performance of 0.0863 to double-check if our risk estimates are consistent with your expectations.
At this time, Cyngn's Total Stockholder Equity is very stable compared to the past year. As of the 25th of November 2024, Liabilities And Stockholders Equity is likely to grow to about 18 M, while Common Stock Shares Outstanding is likely to drop about 417.9 K. . At this time, Cyngn's Price Book Value Ratio is very stable compared to the past year. As of the 25th of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.05, while Price To Sales Ratio is likely to drop 4.06. Cyngn Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Cyngn |
Sharpe Ratio = 0.1102
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Estimated Market Risk
| 7.2 actual daily | 64 64% of assets are less volatile |
Expected Return
| 0.79 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Cyngn is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cyngn by adding it to a well-diversified portfolio.
Price Book 1.8593 | Enterprise Value Ebitda (0.54) | Price Sales 155.0289 | Shares Float 1.9 M | Wall Street Target Price 153.35 |
Cyngn Valuation on October 3, 2024
It is possible to determine the worth of Cyngn on a given historical date. On October 3, 2024 Cyngn was worth 3.83 at the beginning of the trading date compared to the closed value of 3.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cyngn stock. Still, in general, we apply an absolute valuation method to find Cyngn's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cyngn where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cyngn's related companies.
| Open | High | Low | Close | Volume | |
| 3.64 | 3.85 | 3.64 | 3.79 | 25,308 | |
10/03/2024 | 3.83 | 3.85 | 3.68 | 3.77 | 18,426 |
| 3.70 | 3.92 | 3.64 | 3.74 | 37,302 |
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Cyngn Trading Date Momentum on October 3, 2024
| On October 04 2024 Cyngn Inc was traded for 3.74 at the closing time. Highest Cyngn's price during the trading hours was 3.92 and the lowest price during the day was 3.64 . The net volume was 37.3 K. The overall trading history on the 4th of October contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.80% . The overall trading delta to current price is 2.12% . |
Cyngn Inc Fundamentals Correlations and Trends
By evaluating Cyngn's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cyngn's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cyngn financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cyngn Stock history
Cyngn investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cyngn is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cyngn Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cyngn stock prices may prove useful in developing a viable investing in Cyngn
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 439.9 K | 417.9 K | |
| Net Loss | -17.3 M | -18.2 M |
Cyngn Quarterly Net Working Capital |
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Cyngn Stock Technical Analysis
Cyngn technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Cyngn Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Cyngn Inc cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cyngn November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Cyngn stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cyngn shares will generate the highest return on investment. By undertsting and applying Cyngn stock market strength indicators, traders can identify Cyngn Inc entry and exit signals to maximize returns
Cyngn Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cyngn's price direction in advance. Along with the technical and fundamental analysis of Cyngn Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cyngn to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0863 | |||
| Jensen Alpha | 0.5024 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.1015 | |||
| Treynor Ratio | 0.4094 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cyngn Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cyngn. If investors know Cyngn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cyngn listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (39.49) | Revenue Per Share 0.125 | Quarterly Revenue Growth (0.98) | Return On Assets (1.04) | Return On Equity (1.91) |
The market value of Cyngn Inc is measured differently than its book value, which is the value of Cyngn that is recorded on the company's balance sheet. Investors also form their own opinion of Cyngn's value that differs from its market value or its book value, called intrinsic value, which is Cyngn's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cyngn's market value can be influenced by many factors that don't directly affect Cyngn's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cyngn's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cyngn is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cyngn's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.