Cyn Stocktwits an autonomous vehicle technology company, develops self-driving software. It develops the Enterprise Autonomy Group, which consists of DriveMod, a modular industrial vehicle self-directed driving software; Cyngn Insight, a customer-facing toolset for monitoring and handling AV fleets and generating/aggregating/analyzing data; and Cyngn Evolve, a set of internal tools and infrastructure that facilitates AI and machine learning training to improve algorithms and models, and provides a simulation framework to ensure data collected in the field can be applied to validate new releases.

CYN Forecast, Price Target, Estimates

Price Target

The average one-year price target for Cyngn Inc. is $221.34. The forecasts range from a low of $135.34 to a high of $315.00.

A stock’s target price is the price at which analysts believe it is fairly valued relative to its projected earnings and historical earnings. Analysts typically set target prices that correspond to their buy or sell recommendations.

To determine their target price, an analyst must first determine the fair value of the stock. A common way analysts calculate a stock’s target price is by creating a price-to-earnings ratio multiple. To calculate it, analysts will multiply the market price by the company’s earnings over the past 12 months.

For a company with a 12-month earnings growth rate of 10 percent and a stock trading at $30, the multiplier would be 1.10. Based on this information, a possible target price would be: 1.10 x 30 = $33.

Fintel price targets are generated from a collection of forecasts made by different analysts. We provide the high, low, average, and median values for the stock.

Basic Stats

The share price of Cyngn Inc. as of August 16, 2024 is $4.17 / share. This is a decrease of -13.12% from the prior week.

The Factor Analysis chart (below right) shows a view of Cyngn Inc. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe.

CYN Signals and Forecast

At the moment, there are few to no positive technical signals. Cyngn Inc. stock has sell signals from both the short-term and long-term moving averages, which gives a more adverse outlook for the stock. In addition, there is an overall sell signal from the relationship among the two signals where the long-term average is directly above the short-term average. In case of upward corrections, there will be some resistance from the lines at $4.58 and $4.86. A break above either of these levels will issue buy signals. A sell signal was issued from an upper pivot point on Monday, July 15, 2024 and it is down -54.58% so far. Further decline is indicated until a new lower pivot is found. Also, there is currently a sell signal from the 3-month moving average convergence divergence (MACD). Volume fell during the last trading day while price rose. This causes a divergence and can be considered as an early warning, but it may not be.

How many users are following Cyn on StockTwits?

The interest in Cyn StockTwits is minor, with a following of 5,619 investors.

Analyzing Stocktwits Subscribers, how is Cyn performing compared to its industry peers?

Cyn underperforms its industry peers when it comes to Cyn Stocktwits Subscribers, ranking in the 1st percentile.

What has been the change in Cyn StockTwits followers over the past month?

The number of Ford followers on Cyn StockTwits has decreased by 3.2% in the last month. For investors, this change could indicate a shift in market sentiment or reaction to recent developments. It’s important to analyze this trend in the context of other market indicators and Cyngn’s overall performance to understand its implications fully.

Why is it important for Cyngn investors to monitor its StockTwits followers?

For Cyngn investors, tracking the number of followers on Cyn StockTwits can be very beneficial. The platform’s follower count provides a direct indicator of investor interest and sentimentality around Ford. An increase in the number of followers typically indicates growing investor attention and can be an indicator of increasing market enthusiasm or concern about the company’s prospects. Its data can provide investors with valuable insights into market trends, potential changes in investor behavior, and broader perceptions of Ford in the investment community.

Cyn Stocktwits Conclusion

Cyn Stocktwits (CYN) Stock Price, Quote, latest community messages, chart, news and other stock related information.  The Cyngn Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock.