Core AI (NASDAQ:CHAI) Issues Quarterly Earnings Results

Core AI (NASDAQ:CHAI) issued its quarterly earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. Core AI had a negative net margin of 78.92% and a negative return on equity of 123.03%.

Core AI Stock Down 5.4%

Shares of NASDAQ CHAI traded down $0.02 during trading on Monday, reaching $0.28. 279,804 shares of the company traded hands, compared to its average volume of 3,687,441. The stock has a market capitalization of $5.56 million, a PE ratio of -0.06 and a beta of 2.03. Core AI has a 52-week low of $0.27 and a 52-week high of $15.68. The firm has a 50 day simple moving average of $0.64 and a 200-day simple moving average of $1.08.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Core AI stock. Geode Capital Management LLC purchased a new position in Core AI Holdings (NASDAQ:CHAI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned 0.08% of Core AI at the end of the most recent reporting period. 9.87% of the stock is currently owned by hedge funds and other institutional investors.

Core AI Company Profile

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.