Do Analysts Expect Cyngn Inc (CYN) Stock to Rise After It Is Lower By -45.17% in a Month?

InvestorsObserver is giving Cyngn Inc (CYN) an Analyst Rating Rank of 74, meaning CYN is ranked higher by analysts than 74% of stocks. The average price target for CYN is $13 and analyst’s rate the stock as a Strong Buy.

Wall Street analysts are rating CYN a Strong Buy today. Find out what this means to you and get the rest of the rankings on CYN!

See Full CYN Report

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Cyngn Inc Stock Today?

Cyngn Inc (CYN) stock is trading at $2.67 as of 9:39 AM on Monday, Jan 24, a drop of -$0.27, or -9.18% from the previous closing price of $2.94. The stock has traded between $2.51 and $2.67 so far today. Volume today is low. So far 987 shares have traded compared to average volume of 541,089 shares. Click Here to get the full Stock Report for Cyngn Inc stock.