Core AI (NASDAQ:CHAI) Releases Earnings Results

Core AI (NASDAQ:CHAI) released its quarterly earnings data on Monday. The company reported ($0.08) earnings per share for the quarter, Zacks reports. Core AI had a negative return on equity of 123.03% and a negative net margin of 78.92%.

Core AI Stock Down 4.8%

Shares of NASDAQ:CHAI opened at $0.28 on Tuesday. Core AI has a 12-month low of $0.27 and a 12-month high of $15.68. The company’s 50 day moving average price is $0.62 and its two-hundred day moving average price is $1.07. The firm has a market cap of $5.60 million, a PE ratio of -0.06 and a beta of 2.03.

Institutional Investors Weigh In On Core AI

A hedge fund recently bought a new position in Core AI stock. Geode Capital Management LLC acquired a new position in shares of Core AI Holdings (NASDAQ:CHAI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period. Institutional investors own 9.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Core AI currently has an average rating of “Sell”.

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.