CXApp (NASDAQ:CXAI) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

CXApp (NASDAQ:CXAI) announced its quarterly earnings data on Monday. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.03, FiscalAI reports. The firm had revenue of $1.02 million during the quarter, compared to analyst estimates of $1.10 million. CXApp had a negative return on equity of 78.32% and a negative net margin of 227.71%.

CXApp Trading Up 2.9%

Shares of CXAI stock traded up $0.01 during trading hours on Monday, reaching $0.20. The company had a trading volume of 14,866,379 shares, compared to its average volume of 10,194,127. CXApp has a 1-year low of $0.16 and a 1-year high of $1.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market cap of $5.73 million, a price-to-earnings ratio of -0.34 and a beta of 0.95. The company has a 50 day moving average of $0.23 and a 200 day moving average of $0.45.

Hedge Funds Weigh In On CXApp

Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in CXApp by 110.1% during the fourth quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock worth $36,000 after buying an additional 56,911 shares during the last quarter. XTX Topco Ltd bought a new position in shares of CXApp during the second quarter worth $41,000. DRW Securities LLC bought a new position in CXApp during the fourth quarter worth about $44,000. Virtu Financial LLC bought a new position in shares of CXApp during the 4th quarter valued at about $46,000. Finally, Geode Capital Management LLC lifted its stake in CXApp by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock valued at $69,000 after buying an additional 50,310 shares in the last quarter. Institutional investors and hedge funds own 14.41% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About CXApp

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.