CXApp (NASDAQ:CXAI) Releases Quarterly Earnings Results

CXApp (NASDAQ:CXAI) released its 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 Performance

NASDAQ:CXAI traded up $0.01 during mid-day trading on Wednesday, hitting $0.57. The stock had a trading volume of 1,237,129 shares, compared to its average volume of 1,188,940. CXApp has a twelve month low of $0.54 and a twelve month high of $2.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $13.36 million, a price-to-earnings ratio of -0.73 and a beta of 0.80. The company’s 50 day simple moving average is $0.74 and its 200 day simple moving average is $0.90.

Institutional Trading of CXApp

An institutional investor recently bought a new position in CXApp stock. XTX Topco Ltd bought a new position in shares of CXApp Inc. (NASDAQ:CXAI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 38,275 shares of the company’s stock, valued at approximately $41,000. XTX Topco Ltd owned 0.19% of CXApp at the end of the most recent quarter. 14.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CXApp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.