Cyngn Looks Overvalued Based On Fundamentals


  • Cyngn is an autonomous vehicle technology company which listed on NASDAQ in October 2021 through a $26.3 million IPO.
  • The company is spending only around $5 million on R&D per year, and I doubt it will be able to achieve its ambitious growth plans.
  • Cyngn’s market valuation has more than tripled over the past week and I think the reason behind this is high retail investor interest.
  • In my view, the share price is likely to fall back to below $1.50 in the near future as retail investor interest gradually fades off.
AGV robots efficiently sorting hundreds of parcels per hour(Automated guided vehicle) AGV.

Vanit Janthra/iStock via Getty Images

Investment thesis

I like browsing the trending stocks on Fintwit because I think that among them there are often microcap stocks whose market valuations have soared due to retail investor interest, which seldom last for long. Today, I want to talk about Cyngn (

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