Cyngn Inc. Common Stock (NASDAQ:CYN) Stock Rating Lowered by Wall Street Zen

Cyngn Inc. Common Stock (NASDAQ:CYN) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

CYN has been the topic of several other reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cyngn Inc. Common Stock in a research report on Monday, July 6th. Zacks Research upgraded Cyngn Inc. Common Stock to a “hold” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Cyngn Inc. Common Stock Price Performance

CYN opened at $1.17 on Friday. Cyngn Inc. Common Stock has a 1-year low of $1.10 and a 1-year high of $10.04. The company has a market capitalization of $16.87 million, a P/E ratio of -0.22 and a beta of 0.04. The stock has a 50 day simple moving average of $1.33.

Cyngn Inc. Common Stock (NASDAQ:CYN) last issued its quarterly earnings data on Wednesday, March 25th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $0.07 million for the quarter. Cyngn Inc. Common Stock had a negative net margin of 9,413.00% and a negative return on equity of 59.68%.

Cyngn Inc. Common Stock Company Profile

Cyngn Inc is an industrial autonomous vehicle technology company, focused on addressing industrial uses for autonomous vehicles. It develops full-stack autonomous driving software, DriveMod, which is integrated into vehicles manufactured by original equipment manufacturers during the assembly process. The company designs its software to be compatible with a range of sensors and hardware components and integrates it with its own systems to enable autonomous vehicle functionality.