Cyngn Inc. Common Stock (NASDAQ:CYN – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.45) earnings per share (EPS) for the quarter, Zacks reports. Cyngn Inc. Common Stock had a negative return on equity of 59.68% and a negative net margin of 9,413.00%.
Cyngn Inc. Common Stock Stock Down 4.4%
Shares of CYN traded down $0.06 during midday trading on Wednesday, reaching $1.21. The stock had a trading volume of 305,825 shares, compared to its average volume of 1,653,204. The firm has a market cap of $17.38 million, a P/E ratio of -0.23 and a beta of 0.06. The firm has a 50 day moving average of $1.22. Cyngn Inc. Common Stock has a 52 week low of $1.03 and a 52 week high of $6.82.
Analysts Set New Price Targets
CYN has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Cyngn Inc. Common Stock in a research note on Monday, July 6th. Wall Street Zen cut shares of Cyngn Inc. Common Stock from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.
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.
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