Cyngn (CYN) Stock Price

Financial Performance

Cyngn's financial performance has been mixed, with revenue showing a significant increase of 449.2% from the previous quarter and up by 17.9% year over year. However, gross profit is in negative territory at -$109.7K, though it has improved by 53.3% from the previous quarter but down significantly by -82.1% year over year. The operating income stands at -$5.5M which shows an improvement of 5.2% from the last quarter but a decrease of -2.1% YoY indicating that expenses are still exceeding revenues significantly.

Stock Price

The stock price has seen a severe downturn, currently trading at $0.08 after falling -86.8% in the last month and down by -99.6% YoY which indicates bearish market sentiment towards Cyngn's stock performance on the market front.

The RSI value is currently at an extremely low level of 15.71 suggesting that the stock may be oversold while its PE ratio is at zero indicating no earnings to justify its price.

Alternative Data Signals

In terms of alternative data signals, website traffic trends show a decline both MoM and YoY which could indicate less interest or engagement with their products or services online.

The number of job openings have increased both MoM and YoY which suggests possible expansion plans or replacement hiring for turnover within the company.

An estimated 80% of employees report having a positive business outlook indicating good internal morale despite external challenges faced by Cyngn.

Social Media Presence

Social media followers on Twitter have decreased slightly in the last 90 days while Facebook followers have increased significantly which suggests a mixed social media presence.

Conclusion

Based on the data available, Cyngn's stock performance is bearish due to poor financial performance and significant decline in its stock price. However, positive business outlook reported by employees and increase in job openings may indicate potential for future recovery.

Note: This AI Stock Analysis is based on data as of February 06. Our members can refresh and get access to an up-to-date AI stock analysis.

Sign up

Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Cyngn (CYN), currently trading at $7.76, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.