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How to buy Cyanotech Corporation stock | $3.04

Own Cyanotech Corporation stock in just a few minutes.

Fact checked

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 95 staff and has a trailing 12-month revenue of around USD$32.1 million.

How to buy shares in Cyanotech Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Cyanotech Corporation. Find the stock by name or ticker symbol: CYAN. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Cyanotech Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$3.04, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Cyanotech Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Cyanotech Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Cyanotech Corporation share price

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

Cyanotech Corporation shares at a glance

Information last updated 2020-12-27.
Latest market closeUSD$3.04
52-week rangeUSD$1.82 - USD$3.45
50-day moving average USD$2.8855
200-day moving average USD$2.6245
Wall St. target priceUSD$14
PE ratio 33.6667
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.09

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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.

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 $3.04 from 2020-12-31

1 week (2021-01-14) -5.88%
1 month (2020-12-22) 2.36%
3 months (2020-10-21) 0.33%
6 months (2020-07-21) 36.94%
1 year (2020-01-21) 18.75%
2 years (2019-01-18) 3.04
3 years (2018-01-19) 3.8
5 years (2016-01-21) 4.992

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 34x. In other words, Cyanotech Corporation shares trade at around 34x recent earnings.

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

Cyanotech Corporation's EBITDA

Cyanotech Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$2.6 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 USD$32.1 million
Operating margin TTM 2.01%
Gross profit TTM USD$12.7 million
Return on assets TTM 1.23%
Return on equity TTM 3.7%
Profit margin 1.83%
Book value $2.675
Market capitalisation USD$18.5 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 43.6% down from 3,619 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 34033.333333333). Cyanotech Corporation's SIR currently stands at 0.06. In other words for every 100,000 Cyanotech Corporation shares traded daily on the market, roughly 60 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 0.0007% of the tradable shares (for every 100,000 tradable Cyanotech Corporation shares, roughly 1 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 6 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 $1.82 up to $3.45. 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 0.3995. 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. The company's products include BioAstin Hawaiian Astaxanthin, a dietary antioxidant, which is used as a human nutraceutical and functional food ingredient to support and maintain the body's natural inflammatory response, enhance skin, and support eye and joint health; and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement that is used for extra energy, a strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids. Cyanotech Corporation sells its products as packaged consumer products through distributors, retailers, and online channels, and direct to consumers, as well as in bulk form to manufacturers, formulators, and distributors. The company was founded in 1983 and is headquartered in Kailua-Kona, Hawaii.

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