Cyngn Inc. Common Stock (NASDAQ:CYN) Downgraded to Sell Rating by Wall Street Zen

Cyngn Inc. Common Stock (NASDAQ:CYN) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

CYN has been the topic of several other research reports. Zacks Research upgraded shares of Cyngn Inc. Common Stock to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Cyngn Inc. Common Stock in a report on Monday, July 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Cyngn Inc. Common Stock Stock Up 0.9%

CYN opened at $1.17 on Friday. The company’s 50-day moving average is $1.33. The company has a market cap of $16.87 million, a PE ratio of -0.22 and a beta of 0.04. Cyngn Inc. Common Stock has a 52-week low of $1.10 and a 52-week high of $10.04.

Cyngn Inc. Common Stock (NASDAQ:CYN) last announced its quarterly earnings results on Wednesday, March 25th. The company reported ($0.06) EPS for the quarter. Cyngn Inc. Common Stock had a negative return on equity of 59.68% and a negative net margin of 9,413.00%.The company had revenue of $0.07 million during the quarter.

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.