Core AI (NASDAQ:CHAI) Issues Earnings Results

Core AI (NASDAQ:CHAI) released its earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, FiscalAI reports. Core AI had a negative return on equity of 142.15% and a negative net margin of 50.81%.The firm had revenue of $22.35 million for the quarter.

Core AI Stock Down 0.3%

Shares of CHAI stock opened at $0.25 on Friday. Core AI has a 12 month low of $0.25 and a 12 month high of $15.68. The company’s fifty day simple moving average is $0.46 and its 200-day simple moving average is $1.00. The firm has a market cap of $5.07 million, a PE ratio of -0.13 and a beta of 2.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Core AI

An institutional investor recently bought a new position in Core AI stock. Geode Capital Management LLC purchased a new position in shares of Core AI Holdings (NASDAQ:CHAI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI at the end of the most recent reporting period. Institutional investors own 9.87% of the company’s stock.

About Core AI

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.