CXApp (NASDAQ:CXAI) Stock Price Down 4.9% – What’s Next?

CXApp Inc. (NASDAQ:CXAI) traded down 4.9% during trading on Wednesday . The company traded as low as $1.87 and last traded at $1.96. 780,387 shares traded hands during trading, a decline of 57% from the average session volume of 1,811,747 shares. The stock had previously closed at $2.06.

CXApp Trading Down 4.9 %

The stock has a 50 day moving average of $1.68 and a two-hundred day moving average of $1.86. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.25.

CXApp (NASDAQ:CXAI) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.08). CXApp had a negative net margin of 751.90% and a negative return on equity of 281.11%. The firm had revenue of $1.90 million during the quarter.

Hedge Funds Weigh In On CXApp

A hedge fund recently raised its stake in CXApp stock. JPMorgan Chase & Co. raised its holdings in shares of CXApp Inc. (NASDAQ:CXAI) by 59,992.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,849 shares of the company’s stock after buying an additional 31,796 shares during the quarter. JPMorgan Chase & Co. owned about 0.19% of CXApp worth $54,000 as of its most recent SEC filing. 14.41% of the stock is currently owned by institutional investors.

CXApp Company Profile

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.