How did CYN's Q1 2024 EPS surprise impact its stock?

Cyngn's (CYN) Q1 2024 EPS surprise had a significant impact on its stock, with a notable percentage change in the period following the earnings release. Here's a detailed analysis:

1. **EPS Surprise**: The EPS surprise for CYN in Q1 2024 was 38.46%. This indicates that the actual EPS exceeded market expectations by a considerable margin.

|code|Ticker|Name|Date|EPS Surprise YoY|EPS Surprise|market_code|
|---|---|---|---|---|---|---|
|CYN|CYN.O|Cyngn|20230630|100|0|186|
|CYN|CYN.O|Cyngn|20230930||0.02|186|
|CYN|CYN.O|Cyngn|20231231|-100|0|186|
|CYN|CYN.O|Cyngn|20240331|400|0.05|186|

2. **Stock Reaction**:
- The stock experienced a significant positive change of 12.9% on the day the earnings were released, with the price increasing to $4.64.
- However, the stock price declined by 1.37% by the end of the period, which may reflect broader market conditions or investor reactions to other factors.
3. **Percentage Changes Throughout the Period**:
- The stock price fluctuated, with a peak increase of 8.73% on February 9, 2024, and a low decrease of -3.65% on March 28, 2024.
- These changes suggest that while the initial reaction to the earnings surprise was positive, investor sentiment may have cooled off over time.
4. **Conclusion**: The positive EPS surprise likely contributed to the initial increase in CYN's stock price, but the subsequent fluctuations indicate that other factors may have influenced investor decisions. The overall impact of the EPS surprise on the stock's performance over the period was mixed, with the stock showing strength in the immediate aftermath of the earnings release but later experiencing declines.