Cyngn Inc. Common Stock (NASDAQ:CYN) Cut to Sell at Wall Street Zen

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

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

Cyngn Inc. Common Stock Stock Performance

Shares of NASDAQ CYN opened at $1.14 on Friday. Cyngn Inc. Common Stock has a fifty-two week low of $1.10 and a fifty-two week high of $10.04. The company has a market cap of $16.44 million, a PE ratio of -0.22 and a beta of 0.04. The company has a 50-day simple moving average of $1.32.

Cyngn Inc. Common Stock (NASDAQ:CYN) last released its quarterly earnings results on Wednesday, March 25th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company 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 59.68%.

About Cyngn Inc. Common Stock

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.