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

Cyngn Inc. Common Stock (NASDAQ:CYN) issued its quarterly earnings data on Thursday. The company reported ($0.41) earnings per share for the quarter, FiscalAI reports. Cyngn Inc. Common Stock had a negative net margin of 6,953.61% and a negative return on equity of 62.53%. The company had revenue of $0.16 million for the quarter.

Cyngn Inc. Common Stock Stock Up 0.0%

CYN traded up $0.00 during midday trading on Friday, reaching $0.27. The company had a trading volume of 114,688 shares, compared to its average volume of 1,216,840. The business has a 50-day moving average of $0.56 and a two-hundred day moving average of $1.07. The company has a market cap of $4.07 million, a P/E ratio of -0.09 and a beta of 0.17. Cyngn Inc. Common Stock has a 1 year low of $0.24 and a 1 year high of $4.10.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CYN. Wall Street Zen upgraded shares of Cyngn Inc. Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Cyngn Inc. Common Stock in a report on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Cyngn Inc. Common Stock Company Profile

Cyngn Inc. develops autonomous vehicle technology for industrial and commercial applications. The company’s platform is designed to help businesses automate material handling and transportation tasks in environments such as warehouses, manufacturing facilities, distribution centers and other controlled work sites. Its principal offering, DriveMod, is an autonomous driving software platform intended for integration with industrial vehicles, including trucks and other material-handling equipment. Cyngn also provides related tools for fleet management, vehicle monitoring and operational oversight through its software products and services.