Wall Street Zen Downgrades Cyngn Inc. Common Stock (NASDAQ:CYN) to Sell

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 on Saturday.

Other research analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cyngn Inc. Common Stock in a research note on Monday, July 6th. Zacks Research raised Cyngn Inc. Common Stock to a “hold” rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Cyngn Inc. Common Stock currently has a consensus rating of “Reduce”.

Cyngn Inc. Common Stock Trading Up 0.9%

Shares of CYN opened at $1.17 on Friday. The stock has a market capitalization of $16.87 million, a PE ratio of -0.22 and a beta of 0.04. Cyngn Inc. Common Stock has a fifty-two week low of $1.10 and a fifty-two week high of $10.04. The business has a 50-day simple moving average of $1.33.

Cyngn Inc. Common Stock (NASDAQ:CYN) last released its earnings results on Wednesday, March 25th. The company reported ($0.06) earnings per share (EPS) 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%. The business had revenue of $0.07 million for the quarter.

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.