With 0.15 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.14 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $5.1 whereas the lowest price it dropped to was $4.68. The 52-week range on CING shows that it touched its highest point at $152.40 and its lowest point at $1.80 during that stretch. It currently has a 1-year price target of $35.00. Beta for the stock currently stands at -0.82.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CING was up-trending over the past week, with a rise of 18.19%, but this was up by 1.92% over a month. Three-month performance dropped to -6.59% while six-month performance fell -28.92%. The stock lost -80.73% in the past year, while it has lost -94.76% so far this year. A look at the trailing 12-month EPS for CING yields -85.79 with Next year EPS estimates of -2.69. For the next quarter, that number is -1.21. This implies an EPS growth rate of 97.39% for this year and 67.08% for next year.
Float and Shares Shorts:
At present, 3.21 million CING shares are outstanding with a float of 3.10 million shares on hand for trading. On 2024-11-29, short shares totaled 0.14 million, which was 444.99997 higher than short shares on 1730332800. In addition to Dr. Shane J. Schaffer Pharm.D. as the firm’s CEO & Chairman of the Board, Dr. Laurie A. Myers M.B.A., Ph.D. serves as its Executive VP & COO.
Institutional Ownership:
Through their ownership of 0.015570001 of CING’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, CING reported revenue of $0.0 and operating income of -$3282504.0. The EBITDA in the recently reported quarter was -$3117097.0 and diluted EPS was -$1.83.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With CING analysts setting a high price target of 75.0 and a low target of 8.0, the average target price over the next 12 months is 48.33333. Based on these targets, CING could surge 1443.21% to reach the target high and rise by 64.61% to reach the target low. Reaching the average price target will result in a growth of 894.51% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$7.93483 being high and -$8.36636 being low. For CING, this leads to a yearly average estimate of -$8.155. Based on analyst estimates, the high estimate for the next quarter is -$1.67 and the low estimate is -$1.67. The average estimate for the next quarter is thus -$1.67.
