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

Wall Street Zen lowered shares of Cyngn Inc. Common Stock (NASDAQ:CYN) from a hold rating to a sell rating in a research note published on Saturday.

Several other equities research analysts have also recently commented on CYN. Zacks Research raised Cyngn Inc. Common Stock to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Cyngn Inc. Common Stock in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cyngn Inc. Common Stock presently has a consensus rating of “Reduce”.

Cyngn Inc. Common Stock Price Performance

Cyngn Inc. Common Stock stock opened at $1.17 on Friday. The business’s fifty day simple moving average is $1.33. The stock has a market capitalization of $16.87 million, a price-to-earnings ratio of -0.22 and a beta of 0.04. Cyngn Inc. Common Stock has a 52-week low of $1.10 and a 52-week high of $10.04.

Cyngn Inc. Common Stock (NASDAQ:CYN) last announced its quarterly earnings data 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.