Core AI (NASDAQ:CHAI – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.08) EPS for the quarter, FiscalAI reports. The business had revenue of $22.35 million for the quarter. Core AI had a negative net margin of 50.81% and a negative return on equity of 142.15%.
Core AI Price Performance
CHAI stock opened at $0.40 on Friday. The firm has a 50 day simple moving average of $0.45 and a two-hundred day simple moving average of $0.99. The stock has a market cap of $7.97 million, a PE ratio of -0.20 and a beta of 2.02. Core AI has a one year low of $0.23 and a one year high of $15.68.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Core AI stock. Geode Capital Management LLC acquired a new stake in shares of Core AI Holdings (NASDAQ:CHAI – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned about 0.08% of Core AI at the end of the most recent quarter. 9.87% of the stock is owned by hedge funds and other institutional investors.
About Core AI
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.
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