Cyn
7/7/2024 10:57am
Cyngn (CYN) is an industrial autonomous vehicle technology company that has been developing and deploying autonomous driving solutions for various industrial applications. Here are some key points about Cyngn's financial and technical indicators:
1. **Financial Indicators**:
- The company has a negative P/E ratio of -0.26, indicating that it is currently unprofitable.
- The P/S ratio is 271.51, which is very high, suggesting that the market is currently valuing the company's sales at a premium.
- The price-to-book (P/B) ratio is 0.75, indicating that the market values the company's equity at a reasonable level.
- The net fund flow is -$24,052.67, which suggests that there has been a net outflow of funds from the company.
2. **Technical Indicators**:
- The 5-day moving average is $5.83, and the 10-day moving average is $6.44, indicating a recent uptrend in the stock price.
- The 50-day moving average is $9.44, which is significantly higher than the current price, suggesting a strong downward trend in the short term.
|Ticker|Name|50-Day Moving Average|5-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|CYN.O|Cyngn|9.4402|5.8340|6.4400|20240705|CYN|186|
3. **Market Sentiment**:
- There is no consensus rating or average price target available for Cyngn, which may indicate a lack of coverage or interest from analysts.
- The stock has experienced a significant decline, with a 52-week low of $0.05 and a recent reverse stock split to increase the share price and comply with Nasdaq's minimum bid price requirement.
|Ticker|Name|Consensus Rating|Average Price Target|Date|code|market_code|
|---|---|---|---|---|---|---|
|CYN.O|Cyngn|||20240705|CYN|186|
4. **Product and Market Position**:
- Cyngn has been developing autonomous driving solutions for industrial vehicles such as forklifts, tuggers, and stockchasers, which have been deployed in various operations to improve efficiency and safety.
- The company has announced commercial and technological accomplishments, including deployments with major brands like John Deere and Rivian, and strategic partnerships to expand its distribution network.
In conclusion, Cyngn (CYN) is currently facing significant financial challenges, including a negative P/E ratio and net outflow of funds. The company's stock price has experienced a significant decline, and there is a lack of analyst coverage. However, Cyngn continues to develop and deploy its autonomous driving solutions in the industrial sector, indicating a commitment to its product line and market position. Investors should closely monitor the company's financial performance and market developments to assess its future prospects.