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

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

Cyngn Inc. Common Stock Trading Up 0.6%

NASDAQ CYN traded up $0.01 on Wednesday, hitting $1.71. 570,279 shares of the stock were exchanged, compared to its average volume of 2,630,613. Cyngn Inc. Common Stock has a 52 week low of $1.33 and a 52 week high of $41.54. The firm has a market capitalization of $23.27 million, a P/E ratio of -0.15 and a beta of 0.06.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CYN. Zacks Research raised shares of Cyngn Inc. Common Stock to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings began coverage on shares of Cyngn Inc. Common Stock in a research report on Tuesday, April 7th. They issued a “sell (e+)” rating on the stock. Finally, Wall Street Zen raised shares of Cyngn Inc. Common Stock from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cyngn Inc. Common Stock presently has a consensus 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.