CXApp Stock Set to Reverse Split on Tuesday, August 18th (NASDAQ:CXAI)

CXApp Inc. (NASDAQ:CXAI) shares are scheduled to reverse split before the market opens on Tuesday, August 18th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 17th.

CXApp Price Performance

Shares of CXApp stock traded down $0.07 during trading on Friday, reaching $0.11. The company’s stock had a trading volume of 42,918,614 shares, compared to its average volume of 4,965,645. The company has a quick ratio of 2.28, a current ratio of 2.29 and a debt-to-equity ratio of 0.68. CXApp has a 12-month low of $0.09 and a 12-month high of $1.04. The company has a market capitalization of $7.75 million, a P/E ratio of -0.19 and a beta of 0.97. The business has a 50 day moving average price of $0.17 and a 200-day moving average price of $0.19.

CXApp (NASDAQ:CXAI) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. The firm had revenue of $0.95 million for the quarter, compared to the consensus estimate of $0.90 million. CXApp had a negative return on equity of 106.67% and a negative net margin of 368.07%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On CXApp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in shares of CXApp in the second quarter valued at approximately $41,000. Renaissance Technologies LLC increased its stake in shares of CXApp by 110.1% during the 4th quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock worth $36,000 after purchasing an additional 56,911 shares in the last quarter. DRW Securities LLC acquired a new position in shares of CXApp during the 4th quarter worth approximately $44,000. Virtu Financial LLC acquired a new position in shares of CXApp during the 4th quarter worth approximately $46,000. Finally, Geode Capital Management LLC lifted its stake in CXApp by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock valued at $69,000 after buying an additional 50,310 shares in the last quarter. Institutional investors and hedge funds own 14.41% of the company’s stock.

About CXApp

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.