Cyngn Inc. Common Stock (NASDAQ:CYN) Posts Earnings Results
by Scott Moore · The Cerbat GemCyngn Inc. Common Stock (NASDAQ:CYN – Get Free Report) 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”.
Read Our Latest Report on Cyngn Inc. Common Stock
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.