Cyngn Stock’s $1.43 Test: Can New Deployments Outrun Losses?
Cyngn Inc. shares closed at $1.43 Friday, unchanged for the week and near a 52-week low, ahead of the Memorial Day market closure. First-quarter revenue rose to $104,573 from $47,152 a year earlier, while net loss widened to $6.49 million. Trading volume Friday was about 175,450 shares, below average. The stock recovered from a midweek low of $1.29 but remains thinly traded.