Brand Engagement Network (NASDAQ:BNAI – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.20) by $0.69, FiscalAI reports. Brand Engagement Network had a negative net margin of 3,137.73% and a negative return on equity of 308.17%. The company had revenue of $0.10 million for the quarter, compared to analyst estimates of $0.30 million.
Brand Engagement Network Stock Down 3.5%
Brand Engagement Network stock traded down $0.82 on Friday, hitting $22.34. The company’s stock had a trading volume of 172,856 shares, compared to its average volume of 4,621,456. Brand Engagement Network has a one year low of $1.18 and a one year high of $86.28. The firm has a market cap of $130.91 million, a P/E ratio of -3.44 and a beta of 0.59. The company has a fifty day moving average price of $36.82 and a 200-day moving average price of $20.30.
Institutional Trading of Brand Engagement Network
A hedge fund recently raised its stake in Brand Engagement Network stock. XTX Topco Ltd increased its holdings in Brand Engagement Network Inc. (NASDAQ:BNAI – Free Report) by 197.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,684 shares of the company’s stock after purchasing an additional 48,951 shares during the period. XTX Topco Ltd owned approximately 0.17% of Brand Engagement Network worth $32,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.80% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Brand Engagement Network
Brand Engagement Network Company Profile
Brand Engagement Network, Inc provides conversational AI assistants. The company offers security-focused, multimodal communication, and human-like assistants. Its AI assistants are built on proprietary natural language processing, anomaly detection, multisensory awareness, sentiment, and environmental analysis, as well as real-time individuation and personalization capabilities. It serves the automotive, healthcare, and other industries through direct sales force and channel partners. Brand Engagement Network, Inc was formerly known as Blockchain Exchange Network Inc and changed its name to Brand Engagement Network, Inc in April 2023.
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