How to buy Cyanotech Corporation (CYAN) stock

Cyanotech Corporation is a packaged foods business based in the US. Cyanotech Corporation shares (CYAN) are listed on the NASDAQ and all prices are listed in US Dollars. Cyanotech Corporation employs 96 staff and has a trailing 12-month revenue of around 0.00.

Cyanotech Corporation stock price (NASDAQ: CYAN)

Use our graph to track the performance of CYAN stocks over time.

Cyanotech Corporation shares at a glance

• Key figures

Information last updated 2021-07-22.

Latest market close	$3.14
52-week range	$2.15 - $4.44
50-day moving average	$2.96
200-day moving average	$3.27
Wall St. target price	$14.00
PE ratio	20.6667
Dividend yield	N/A (0%)
Earnings per share (TTM)	$0.15

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Is it a good time to buy Cyanotech Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Cyanotech Corporation by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Cyanotech Corporation price performance over time

Historical closes compared with the close of $3.14 from 2021-05-28

1 week (2021-07-13)	N/A
1 month (2021-06-24)	11.74%
3 months (2021-04-20)	N/A
6 months (2021-01-20)	N/A

1 year (2020-07-20)	N/A
2 years (2019-07-20)	N/A
3 years (2018-07-20)	N/A
5 years (2016-07-20)	N/A

Is Cyanotech Corporation under- or over-valued?

Valuing Cyanotech Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cyanotech Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Cyanotech Corporation's P/E ratio

Cyanotech Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 21x. In other words, Cyanotech Corporation shares trade at around 21x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Cyanotech Corporation's EBITDA

Cyanotech Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $2 million.

The EBITDA is a measure of a Cyanotech Corporation's overall financial performance and is widely used to measure a its profitability.

Cyanotech Corporation financials

Revenue TTM	$32.3 million
Operating margin TTM	0.6%
Gross profit TTM	$11.2 million
Return on assets TTM	0.39%
Return on equity TTM	5.59%
Profit margin	2.84%
Book value	$2.79
Market capitalisation	$19 million

TTM: trailing 12 months

Shorting Cyanotech Corporation shares

There are currently 2,042 Cyanotech Corporation shares held short by investors – that's known as Cyanotech Corporation's "short interest". This figure is 126.1% up from 903 last month.

There are a few different ways that this level of interest in shorting Cyanotech Corporation shares can be evaluated.

Cyanotech Corporation's "short interest ratio" (SIR)

Cyanotech Corporation's "short interest ratio" (SIR) is the quantity of Cyanotech Corporation shares currently shorted divided by the average quantity of Cyanotech Corporation shares traded daily (recently around 102100). Cyanotech Corporation's SIR currently stands at 0.02. In other words for every 100,000 Cyanotech Corporation shares traded daily on the market, roughly 20 shares are currently held short.

However Cyanotech Corporation's short interest can also be evaluated against the total number of Cyanotech Corporation shares, or, against the total number of tradable Cyanotech Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Cyanotech Corporation's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Cyanotech Corporation shares in existence, roughly 0 shares are currently held short) or 0.0004% of the tradable shares (for every 100,000 tradable Cyanotech Corporation shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Cyanotech Corporation.

Find out more about how you can short Cyanotech Corporation stock.

Cyanotech Corporation share dividends

We're not expecting Cyanotech Corporation to pay a dividend over the next 12 months.

Have Cyanotech Corporation's shares ever split?

Cyanotech Corporation's shares were split on a 1:4 basis on 5 November 2006. So if you had owned 4 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Cyanotech Corporation shares – just the quantity. However, indirectly, the new 300% higher share price could have impacted the market appetite for Cyanotech Corporation shares which in turn could have impacted Cyanotech Corporation's share price.

Cyanotech Corporation share price volatility

Over the last 12 months, Cyanotech Corporation's shares have ranged in value from as little as $2.15 up to $4.44. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Cyanotech Corporation's is 0.2073. This would suggest that Cyanotech Corporation's shares are less volatile than average (for this exchange).

Cyanotech Corporation overview

Cyanotech Corporation engages in the cultivation, production, and sale of natural products derived from microalgae for the health and human nutrition markets worldwide. Its products include BioAstin Hawaiian Astaxanthin, a dietary antioxidant that is used as a human dietary supplement and dietary ingredient to support and maintain the body's natural inflammatory response, enhance skin, and support eye, joint, and immune health; and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement, which is used for extra energy, strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids. The company sells its products as packaged consumer products through distributors, retailers, and online channels; direct to consumers; and in bulk form to manufacturers, formulators, and distributors. Cyanotech Corporation was incorporated in 1983 and is headquartered in Kailua-Kona, Hawaii. .

Frequently asked questions

What percentage of Cyanotech Corporation is owned by insiders or institutions?
Currently 40.475% of Cyanotech Corporation shares are held by insiders and 10.491% by institutions. How many people work for Cyanotech Corporation?
Latest data suggests 96 work at Cyanotech Corporation. When does the fiscal year end for Cyanotech Corporation?
Cyanotech Corporation's fiscal year ends in March. Where is Cyanotech Corporation based?
Cyanotech Corporation's address is: 73-4460 Queen Kaahumanu Highway, Kailua-Kona, HI, United States, 96740 What is Cyanotech Corporation's ISIN number?
Cyanotech Corporation's international securities identification number is: US2324373016 What is Cyanotech Corporation's CUSIP number?
Cyanotech Corporation's Committee on Uniform Securities Identification Procedures number is: 232437202