Brand Engagement Network (NASDAQ:BNAI) Shares Down 1%

Brand Engagement Network, Inc. (NASDAQ:BNAI) dropped 1% during mid-day trading on Monday . The company traded as low as $3.80 and last traded at $4.13. Approximately 306,817 shares traded hands during trading, a decline of 86% from the average daily volume of 2,223,444 shares. The stock had previously closed at $4.17.

Brand Engagement Network Price Performance

The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $3.19.

Brand Engagement Network (NASDAQ:BNAI) last released its quarterly earnings data on Tuesday, May 14th. The company reported ($0.27) earnings per share for the quarter. The business had revenue of $0.05 million for the quarter.

Institutional Trading of Brand Engagement Network

An institutional investor recently bought a new position in Brand Engagement Network stock. Periscope Capital Inc. acquired a new stake in shares of Brand Engagement Network, Inc. (NASDAQ:BNAI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $1,012,000. Periscope Capital Inc. owned approximately 0.45% of Brand Engagement Network at the end of the most recent quarter. 15.80% of the stock is currently owned by institutional investors.

Brand Engagement Network Company Profile

Brand Engagement Network, Inc provides conversational AI assistants. The company offers security-focused, multimodal communication, and human-like assistants. Its AI assistants are built on proprietary natural language processing, anomaly detection, multisensory awareness, sentiment, and environmental analysis, as well as real-time individuation and personalization capabilities.