Cyngn Inc. Common Stock (NASDAQ:CYN) Upgraded to Hold at Zacks Research

Cyngn Inc. Common Stock (NASDAQ:CYN) was upgraded by analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Separately, Weiss Ratings initiated coverage on shares of Cyngn Inc. Common Stock in a report on Tuesday. They set a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Cyngn Inc. Common Stock Trading Down 1.2%

Shares of Cyngn Inc. Common Stock stock opened at $1.62 on Tuesday. Cyngn Inc. Common Stock has a 1 year low of $1.33 and a 1 year high of $41.54.

Cyngn Inc. Common Stock Company Profile

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.