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Friday, September 29, 2023

Today, Cingulate Inc. (NASDAQ: CING) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Cingulate Inc. (CING) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0738, or 11.90%, to $0.6938. The Cingulate Inc. has recorded 26,226 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Cingulate Announces Closing of $4.0 Million Public Offering.

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Stocks Info

The company is listed on the NASDAQ and operates within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $0.62 and fluctuated between $0.7095 as its day high and $0.5600 as its day low. The current market capitalization of Cingulate Inc. is $9.24M. A total of 0.62 million shares were traded on the day, compared to an average of 500.47K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CING has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 1,823,155 and the disposition of 0 shares. Over the last 12 months, there were 13 BUYs and 0 SELLs from insiders. Insiders purchased 1,985,340 shares during that period but sold 0.

In the most recent transaction, Werth Peter J. bought 1,823,155 shares of CING for 0.55 per share on Aug 11. After the transaction, the Director now owns 2,798,320 company shares. In a previous transaction on May 15, Callahan Jennifer L. bought 2,000 shares at 1.01 per share. CING shares that Corporate Controller owns now total 40,508.

Among the insiders who bought shares, Callahan Jennifer L. acquired of 4,000 shares on May 12 at a per-share price of $1.08. This resulted in the Corporate Controller holding 38,508 shares of CING after the transaction. In another insider transaction, Schaffer Shane J. bought 10,000 shares at $1.02 per share on Dec 16. Company shares held by the Chief Executive Officer now total 41,500.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CING in the last 3 months, the mean price target is $6.75 with high estimates of $8.50 and low estimates of $5.00. In terms of 52-week highs and lows, CING has a high of $1.93 and a low of $0.48.

As of this writing, CING has an earnings estimate of -$0.49 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.49 per share and a lower estimate of -$0.49. The company reported an EPS of -$0.35 in the last quarter, which was -2.90% lower than expectations of -$0.34.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CING’s latest balance sheet shows that the firm has $16.49M in Cash & Short Term Investments as of fiscal 2021. There were $881.13k in debt and $1.18M in liabilities at the time. Its Book Value Per Share was -$0.52, while its Total Shareholder’s Equity was $20.84M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CING is Buy with a score of 5.00.

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