CXApp (NASDAQ:CXAI) Posts Earnings Results

CXApp (NASDAQ:CXAI) announced its quarterly earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, Zacks reports. CXApp had a negative net margin of 228.78% and a negative return on equity of 91.93%.

CXApp Stock Up 1.1%

NASDAQ CXAI traded up $0.01 on Wednesday, reaching $0.57. The company had a trading volume of 1,237,129 shares, compared to its average volume of 1,188,940. The company’s fifty day moving average is $0.74 and its 200-day moving average is $0.90. The firm has a market capitalization of $13.36 million, a price-to-earnings ratio of -0.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 0.82. CXApp has a 1-year low of $0.54 and a 1-year high of $2.54.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CXApp stock. XTX Topco Ltd purchased a new position in shares of CXApp Inc. (NASDAQ:CXAI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 38,275 shares of the company’s stock, valued at approximately $41,000. XTX Topco Ltd owned approximately 0.19% of CXApp as of its most recent SEC filing. Hedge funds and other institutional investors own 14.41% of the company’s stock.

About CXApp

CXApp Inc provides a workplace experience platform for enterprise customers. It offers CXApp, a software-as-a-service platform with native mapping, analytics, on-device positioning, and applications technologies for use in various applications, such as workplace experience, employee engagement, desk and meeting room reservations, workplace analytics, occupancy management, content delivery, corporate communications and notifications, event management, live indoor mapping, wayfinding, and navigation.