Core AI (NASDAQ:CHAI) Issues Quarterly Earnings Results

Core AI (NASDAQ:CHAI) issued its quarterly earnings data on Tuesday. The company reported ($0.14) earnings per share for the quarter, FiscalAI reports. Core AI had a negative net margin of 55.59% and a negative return on equity of 59.58%. The company had revenue of $3.77 million for the quarter.

Core AI Trading Up 9.1%

NASDAQ:CHAI opened at $0.71 on Wednesday. The business’s fifty day moving average price is $1.06 and its 200 day moving average price is $1.49. The firm has a market capitalization of $14.21 million, a price-to-earnings ratio of -0.16 and a beta of 1.99. Core AI has a 1-year low of $0.63 and a 1-year high of $20.72.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Core AI

An institutional investor recently bought a new position in Core AI stock. Geode Capital Management LLC purchased a new position in shares of Core AI Holdings (NASDAQ:CHAI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 filing with the Securities and Exchange Commission (SEC). 9.87% of the stock is currently owned by institutional investors and hedge funds.

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.