CXApp (NASDAQ:CXAI) Releases Quarterly Earnings Results

CXApp (NASDAQ:CXAI) issued its quarterly earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, Zacks reports. CXApp had a negative return on equity of 91.93% and a negative net margin of 228.78%.

CXApp Stock Up 1.1%

CXAI stock traded up $0.01 during trading on Wednesday, hitting $0.57. 1,237,129 shares of the company’s stock traded hands, compared to its average volume of 1,188,940. The firm has a market capitalization of $13.36 million, a P/E ratio of -0.73 and a beta of 0.80. CXApp has a 1 year low of $0.54 and a 1 year high of $2.54. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $0.74 and a two-hundred day simple moving average of $0.90.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CXApp in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in CXApp stock. XTX Topco Ltd purchased a new position in CXApp Inc. (NASDAQ:CXAI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 38,275 shares of the company’s stock, valued at approximately $41,000. XTX Topco Ltd owned about 0.19% of CXApp at the end of the most recent quarter. 14.41% of the stock is currently owned by institutional investors and hedge funds.

About CXApp

CXApp Inc provides a workplace experience platform for enterprise customers. It offers CXApp, a software-as-a-service platform with native mapping, analytics, on-device positioning, and applications technologies for use in various applications, such as workplace experience, employee engagement, desk and meeting room reservations, workplace analytics, occupancy management, content delivery, corporate communications and notifications, event management, live indoor mapping, wayfinding, and navigation.