Cyngn Inc. Common Stock (NASDAQ:CYN) Issues Earnings Results

Cyngn Inc. Common Stock (NASDAQ:CYN) announced its earnings results on Wednesday. The company reported ($0.59) EPS for the quarter, Zacks reports. Cyngn Inc. Common Stock had a negative net margin of 12,410.96% and a negative return on equity of 67.34%.

Cyngn Inc. Common Stock Price Performance

Shares of NASDAQ CYN opened at $1.71 on Thursday. The firm has a market capitalization of $23.27 million, a PE ratio of -0.15 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.

Analyst Upgrades and Downgrades

A number of analysts have commented on CYN shares. Wall Street Zen raised shares of Cyngn Inc. Common Stock from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. Zacks Research raised shares of Cyngn Inc. Common Stock to a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings began coverage on shares of Cyngn Inc. Common Stock in a research note on Tuesday, April 7th. They issued a “sell (e+)” rating for the company. 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, the company currently has an average rating of “Reduce”.

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.