CXApp (NASDAQ:CXAI) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of CXApp (NASDAQ:CXAI) to a hold rating in a research report sent to investors on Saturday morning.

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

CXApp Price Performance

CXAI stock opened at $3.85 on Friday. The business has a 50 day moving average price of $7.67 and a 200 day moving average price of $9.07. The company has a quick ratio of 2.28, a current ratio of 1.64 and a debt-to-equity ratio of 0.56. The stock has a market cap of $5.39 million, a price-to-earnings ratio of -0.15 and a beta of 0.97. CXApp has a fifty-two week low of $3.70 and a fifty-two week high of $51.99.

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

Institutional Trading of CXApp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in shares of CXApp in the 2nd quarter valued at about $41,000. Geode Capital Management LLC grew its stake in CXApp by 32.0% during the 4th quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock worth $69,000 after buying an additional 50,310 shares during the last quarter. Renaissance Technologies LLC increased its position in CXApp by 110.1% during the fourth quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock worth $36,000 after buying an additional 56,911 shares during the period. DRW Securities LLC acquired a new position in CXApp during the fourth quarter worth approximately $44,000. Finally, Virtu Financial LLC acquired a new position in CXApp during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 14.41% of the company’s stock.

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.