Cyngn Inc. Common Stock (NASDAQ:CYN) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Cyngn Inc. Common Stock (NASDAQ:CYN) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cyngn Inc. Common Stock in a report on Monday, July 6th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Cyngn Inc. Common Stock Trading Down 1.4%

Shares of NASDAQ CYN opened at $0.79 on Friday. Cyngn Inc. Common Stock has a 52 week low of $0.78 and a 52 week high of $6.82. The business has a fifty day moving average price of $1.10. The stock has a market capitalization of $11.46 million, a P/E ratio of -0.26 and a beta of 0.06.

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

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.