CXApp (NASDAQ:CXAI) Stock Rating Lowered by Wall Street Zen

CXApp (NASDAQ:CXAI) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

CXApp Stock Performance

Shares of CXApp stock opened at $2.84 on Friday. The stock has a market cap of $6.65 million, a PE ratio of -0.11 and a beta of 0.92. The business has a fifty day simple moving average of $5.69 and a 200-day simple moving average of $8.30. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.56. CXApp has a 12 month low of $2.81 and a 12 month high of $51.99.

CXApp (NASDAQ:CXAI) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($3.00) by $2.90. The firm had revenue of $1.69 million for the quarter, compared to analyst estimates of $1.15 million. CXApp had a negative return on equity of 135.04% and a negative net margin of 446.46%.

Hedge Funds Weigh In On CXApp

Several institutional investors and hedge funds have recently modified their holdings of CXAI. Renaissance Technologies LLC increased its stake in shares of CXApp by 242.3% in the first quarter. Renaissance Technologies LLC now owns 371,754 shares of the company’s stock worth $67,000 after acquiring an additional 263,154 shares during the last quarter. Geode Capital Management LLC boosted its position in CXApp by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock valued at $69,000 after purchasing an additional 50,310 shares during the last quarter. Virtu Financial LLC acquired a new stake in CXApp during the fourth quarter valued at $46,000. DRW Securities LLC purchased a new position in CXApp in the fourth quarter valued at about $44,000. Finally, XTX Topco Ltd purchased a new position in CXApp in the second quarter valued at about $41,000. 14.41% of the stock is currently owned by hedge funds and other institutional investors.

CXApp Company Profile

CXApp Holdings, Inc develops and delivers workplace experience software designed to help enterprises manage hybrid work environments and improve employee engagement. Its flagship platform provides a mobile-first digital workplace companion that integrates space management, wayfinding, service requests, and communications. By combining Internet of Things (IoT) connectivity and data-driven insights, the platform enables organizations to optimize real estate, enhance operational efficiency, and support health and safety protocols.

The CXApp platform offers a suite of features tailored to employees, visitors, and facilities teams.