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

Cyngn Inc. Common Stock (NASDAQ:CYN – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cyngn Inc. Common Stock in a research report on Monday, July 6th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

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Cyngn Inc. Common Stock Price Performance

Shares of CYN opened at $0.79 on Friday. The firm’s 50-day moving average price is $1.10. The company has a market capitalization of $11.46 million, a price-to-earnings ratio of -0.26 and a beta of 0.06. Cyngn Inc. Common Stock has a 12-month low of $0.78 and a 12-month high of $6.82.

Cyngn Inc. Common Stock (NASDAQ:CYN – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.45) EPS for the quarter. Cyngn Inc. Common Stock had a negative return on equity of 62.53% and a negative net margin of 6,953.61%.The firm had revenue of $0.14 million during the quarter.

About Cyngn Inc. Common Stock

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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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