How to Buy Cyngn Stock
Cyngn Inc
Cyngn Inc. , an autonomous vehicle (AV) technology company, develops autonomous driving software.
Cyngn stock last closed at $0.10, up 0% from the previous day, and has decreased 87.96% in one year. It has underperformed other stocks in the Software - Application industry by 1.17 percentage points. Cyngn stock is currently +4% from its 52-week low of $0.10, and -91.67% from its 52-week high of $1.25.
As of May 8, 2024, there are 82.29M shares of CYN outstanding. The market cap of CYN is $8.56M. In the last 24 hours, 6.9M CYN shares were traded.
How to Buy Cyngn Stock
Not sure how to invest in Cyngn stock? Here's how.
- Decide where to buy Cyngn stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you determine where to buy Cyngn stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Select your method of payment and add your information.
- Evaluate Cyngn stock: The Cyngn ticker symbol is CYN. Is Cyngn stock a good investment? Should you buy shares of CYN? How do CYN's underlying business fundamentals look? Do top analysts think Cyngn is a good buy? Why has CYN's stock price moved recently? (Hint: Our stock analysis website can help you understand if CYN is a good stock to buy).
- Place your CYN purchase: Decide if you will purchase CYN shares at the current market price or use a limit order to purchase CYN stock at a particular price.
- Get notifications regarding your CYN investment: Create a watchlist to important notifications about your position in Cyngn shares.
Step 1: Decide where to buy Cyngn stock
You will need a brokerage account to access the NASDAQ market and buy CYN shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
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- Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you can buy CYN stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've created your account on the best stock app to use, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of depositing money into your brokerage account.
Step 4: Evaluate Cyngn stock
Once you have selected the best place to buy Cyngn stock, it's absolutely critical to research their stock prior to buying, so you can wrap your head around the risk as well as the upside.
Cyngn shares at a glance
CYN Fundamentals
WallStreetZen was designed to help part-time investors do better fundamental analysis quickly.
You can view all of the due diligence checks on CYN's stock page.
Is CYN stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge CYN's intrinsic value.
Using relative valuations measures:
- CYN may be undervalued based on its P/B ratio of 0.8x, relative to Software - Application industry P/B ratio of 6.43x
You can do additional valuation research on CYN's stock here.
CYN Financial Summary
Signs that CYN is financially healthy:
- There are more short-term assets than short-term liabilities on the CYN balance sheet.
- CYN has a low debt to equity ratio of 0.23.
- There are more short-term assets than long-term liabilities on the CYN balance sheet.
Signs that CYN is not financially healthy:
- CYN has $8.15M in cash and short term investments. This is not sufficient to cover its annual cash burn of $20.34M.
- CYN has cash burn of 20342529. It does not have sufficient cash and short-term investments to cover this.
- CYN profit margin has gone up by 58.11 percentage points in the past year, but the company is still unprofitable.
You can dig deeper into what analysts are projecting on the Cyngn stock forecast page.
CYN Technical Indicators
CYN Performance Numbers
Last year, CYN revenue was $1.49M. Over the past 4 year, CYN's revenue has gone up by 85.97% per year. This was faster than the Software - Application industry average of 28.16%.
You can analyze CYN's earnings and revenue performance here.
Who is buying/selling CYN?
In the last 12 months, insiders at CYN have not bought or sold any shares.
Get more info about who owns CYN shares here.
Does CYN provide a stable income stream?
No, Cyngn doesn't provide an income stream by paying out dividends.
What do other investors have to say about CYN?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your CYN purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount, use a limit order.
Press the Open button and eToro will place your order.
If you need additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your CYN investment
Now that you own some CYN shares, you'll want to keep up with your new shares.
Create a watchlist to see the latest developments about your CYN stock.
CYN Feed
How to Buy Stock in Cyngn
To reiterate, here are the 6 steps to buy Cyngn stock:
- Decide where to buy Cyngn stock
- Sign up for your brokerage account
- Fund your brokerage account
- Evaluate Cyngn stock
- Place your CYN purchase
- Get notifications regarding your CYN investment
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Cyngn, click the button below.
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