Cyanotech Corporation (CYAN) saw an uptrend of 7.74% in the recent trading with $3.34 being its most recent. The current price level -46.90% lower than the highest price of $6.29 marked by the stock while trading over the past 52-weeks, whereas it is 29.96% higher than the lowest price of $2.57 the company dropped to over past 52-weeks. The latest news story on CYAN appeared in Business Wire under the title “Cyanotech Reports Financial Results for the Second Quarter and First Six Months of Fiscal 2022” on Nov-10-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -7.22% below one month high and is +11.33% above of the lowest during that time. Looking into the simple moving average, Cyanotech Corporation (CYAN)’s stock stands at a SMA-50 of $3.04 while that of 5-day is reading $3.20.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CYAN’s SMA-200 as of now is $3.14.
Cyanotech Corporation Earnings – What Happened With CYAN
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $9.42 billion.
CYAN – Cyanotech Corporation Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 6.13 million. CYAN does have institutional investors; and they hold 10.60% of the stock.
Cyanotech Corporation – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 5 new insider purchases involving 55,438 shares. On the other hand, CYAN declared 1,219 shares have been sold in 6 insider transactions over the past three months.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Cyanotech Corporation was 2.60 while posting a debt to equity ratio of 0.30. The count was 46.93 for long-term debt to equity ratio.
Cyanotech Corporation’s return on equity, or ROE, is 12.00%, compared to the industry average of 12.06% for Consumer Defensive – Packaged Foods. Although this indicates that CYAN fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Cyanotech Corporation (NASDAQ:CYAN) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Cyanotech Corporation (CYAN), we notice that the stock’s 20-day average volume is at 63,990 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 41,288 shares. And to end, CYAN’s 100-day average volume is 41,005 shares with 50% of the long-term indicators pointing towards Buy for the stock.