What is CING
8/16/2024 09:39pm
CING is an abbreviation for Cingulate, a company that develops and commercializes innovative technologies for the healthcare industry. Specifically, CING is focused on developing wearable and non-invasive brain-computer interface (BCI) systems that enable individuals to control computers and other devices using their thoughts and intentions.
1. **Stock Performance**: CING has experienced a significant increase in its stock price, with a 113.33% interval percentage change from August 14 to August 16, 2024. This surge suggests strong investor interest or a positive market reaction to recent developments or news related to the company.
|Ticker|Name|code|market_code|
|---|---|---|---|
|CING.O|Cingulate|CING|186|
2. **Technical Indicators**: The 5-day moving average for CING is $4.39, the 10-day moving average is $3.77, and the 50-day moving average is $5.28. These indicators can be used to analyze the stock's short-term and long-term trends, which may be relevant for investors looking to buy or sell the stock.
3. **Financial Ratios**: The company's price-to-book ratio is 3.16, indicating that the market values the company at more than the value of its tangible assets. The price-to-earnings ratio (TTM) is -0.24, which is negative and suggests that the company is not profitable as of the last twelve months. This could be a concern for investors looking for stable and profitable investments.
|Ticker|Name|Date|P/E(TTM)|P/S|Price to Book Ratio|code|market_code|
|---|---|---|---|---|---|---|---|
|CING.O|Cingulate|20240815|-0.238921|||CING|186|
|CING.O|Cingulate|20240816|||3.1783|CING|186|
4. **Analyst Ratings and Price Targets**: The consensus rating for CING is "Hold," based on the ratings of 0 buy ratings, 1 hold rating, and 0 sell ratings. The average price target is not provided, but individual price targets range from $8.00 to $20.00. These targets indicate that there is a potential for the stock to increase in value but also suggest a range of opinions among analysts about the company's future performance.
|Ticker|Name|Date|Average Price Target|Consensus Rating|code|market_code|
|---|---|---|---|---|---|---|
|CING.O|Cingulate|20240815|||CING|186|
In conclusion, CING is a company that develops innovative BCI technologies, and its stock performance and financial indicators reflect a mix of positive investor sentiment and potential concerns about profitability. Investors should consider these factors along with the analyst ratings and price targets when evaluating CING as an investment opportunity.