Core AI (NASDAQ:CHAI) Posts Quarterly Earnings Results

Core AI (NASDAQ:CHAI) announced its earnings results on Thursday. The company reported ($0.14) earnings per share for the quarter, Zacks reports. Core AI had a negative net margin of 57.19% and a negative return on equity of 69.32%.

Core AI Stock Up 0.3%

CHAI stock opened at $0.94 on Friday. Core AI has a fifty-two week low of $0.92 and a fifty-two week high of $20.72. The firm’s 50-day simple moving average is $1.09 and its 200 day simple moving average is $1.68. The stock has a market cap of $18.82 million, a PE ratio of -0.01 and a beta of 1.99.

Institutional Trading of Core AI

An institutional investor recently bought a new position in Core AI stock. Geode Capital Management LLC acquired a new position in Core AI Holdings (NASDAQ:CHAI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned 0.08% of Core AI as of its most recent SEC filing. 9.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Core AI in a research note on Tuesday, May 26th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.