Core AI (NASDAQ:CHAI) Announces Quarterly Earnings Results

Core AI (NASDAQ:CHAI) issued its quarterly earnings results on Tuesday. The company reported ($0.14) EPS for the quarter, FiscalAI reports. Core AI had a negative net margin of 55.59% and a negative return on equity of 59.58%. The firm had revenue of $3.77 million for the quarter.

Core AI Trading Up 9.1%

Shares of CHAI traded up $0.06 on Tuesday, reaching $0.71. The company’s stock had a trading volume of 2,730,251 shares, compared to its average volume of 2,224,322. The firm has a fifty day moving average of $1.07 and a 200-day moving average of $1.50. The stock has a market capitalization of $14.22 million, a PE ratio of -0.16 and a beta of 1.99. Core AI has a twelve month low of $0.63 and a twelve month high of $20.72.

Hedge Funds Weigh In On Core AI

An institutional investor recently bought a new stake in Core AI stock. Geode Capital Management LLC acquired a new position in Core AI Holdings (NASDAQ:CHAI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned 0.08% of Core AI as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 9.87% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on Core AI in a research report on Tuesday, May 26th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Core AI has an average rating of “Sell”.

Core AI Company Profile

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.