Cyngn Inc. Common Stock (NASDAQ:CYN) Upgraded to Hold at Wall Street Zen

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

CYN has been the topic of a number of other research reports. Zacks Research upgraded shares of Cyngn Inc. Common Stock to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings started coverage on shares of Cyngn Inc. Common Stock in a report on Tuesday, April 7th. They set a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cyngn Inc. Common Stock presently has a consensus rating of “Reduce”.

Cyngn Inc. Common Stock Trading Down 3.4%

Cyngn Inc. Common Stock stock opened at $1.43 on Friday. The firm has a market cap of $19.46 million, a PE ratio of -0.27 and a beta of 0.06. Cyngn Inc. Common Stock has a 1-year low of $1.33 and a 1-year high of $41.54.

Cyngn Inc. Common Stock (NASDAQ:CYN) last released its quarterly earnings results on Wednesday, March 25th. The company reported ($0.06) earnings per share 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 62.98%. On average, research analysts expect that Cyngn Inc. Common Stock will post -1.2 EPS for the current year.

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.