This trade activity should not be overlooked: CXApp Inc (CXAI)

With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.67 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $3.38 whereas the lowest price it dropped to was $3.175. The 52-week range on CXAI shows that it touched its highest point at $15.60 and its lowest point at $1.03 during that stretch. It currently has a 1-year price target of $6.00. Beta for the stock currently stands at 1.09.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CXAI was down-trending over the past week, with a drop of -8.43%, but this was down by -22.93% over a month. Three-month performance surged to 154.69% while six-month performance rose 139.71%. The stock lost -61.87% in the past year, while it has gained 152.71% so far this year.

Float and Shares Shorts:

At present, 15.25 million CXAI shares are outstanding with a float of 13.29 million shares on hand for trading. On 2024-04-30, short shares totaled 1.61 million, which was 1056.0001 higher than short shares on 1711584000. In addition to Mr. Khurram Parviz Sheikh as the firm’s Founder, Interim CFO, Chairman & CEO, Mr. Chris Wiegand serves as its Executive Vice President of Business Operations.

Institutional Ownership:

Through their ownership of 0.06059 of CXAI’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-09-30, CXAI reported revenue of $1770000.0 and operating income of -$4199000.0. The EBITDA in the recently reported quarter was -$8692000.0 and diluted EPS was $0.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CXAI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.