CXApp (NASDAQ:CXAI) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of CXApp (NASDAQ:CXAI) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CXApp in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

CXApp Price Performance

NASDAQ CXAI opened at $2.69 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.56. CXApp has a 1 year low of $2.67 and a 1 year high of $51.99. The company has a market cap of $6.29 million, a PE ratio of -0.10 and a beta of 0.92. The stock’s 50-day moving average price is $5.58 and its two-hundred day moving average price is $8.26.

CXApp (NASDAQ:CXAI) last announced its earnings results on Friday, August 14th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($3.00) by $2.90. CXApp had a negative net margin of 446.46% and a negative return on equity of 135.04%. The company had revenue of $1.69 million during the quarter, compared to analysts’ expectations of $1.15 million.

Hedge Funds Weigh In On CXApp

An institutional investor recently raised its stake in CXApp stock. Renaissance Technologies LLC grew its holdings in CXApp Inc. (NASDAQ:CXAI) by 242.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 371,754 shares of the company’s stock after purchasing an additional 263,154 shares during the period. Renaissance Technologies LLC owned about 0.65% of CXApp worth $67,000 as of its most recent SEC filing. Institutional investors own 14.41% of the company’s stock.

CXApp Company Profile

CXApp Holdings, Inc develops and delivers workplace experience software designed to help enterprises manage hybrid work environments and improve employee engagement. Its flagship platform provides a mobile-first digital workplace companion that integrates space management, wayfinding, service requests, and communications. By combining Internet of Things (IoT) connectivity and data-driven insights, the platform enables organizations to optimize real estate, enhance operational efficiency, and support health and safety protocols.

The CXApp platform offers a suite of features tailored to employees, visitors, and facilities teams.