CXApp (NASDAQ:CXAI) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of CXApp (NASDAQ:CXAI) from a hold rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

CXApp Trading Down 3.7%

CXAI stock opened at $2.84 on Friday. The company has a market capitalization of $6.65 million, a PE ratio of -0.11 and a beta of 0.92. CXApp has a 12 month low of $2.81 and a 12 month high of $51.99. The firm’s 50-day moving average is $5.69 and its 200 day moving average is $8.31. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.64 and a quick ratio of 1.64.

CXApp (NASDAQ:CXAI) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.00) by $2.90. The company had revenue of $1.69 million during the quarter, compared to analyst estimates of $1.15 million. CXApp had a negative net margin of 446.46% and a negative return on equity of 135.04%.

Hedge Funds Weigh In On CXApp

Several institutional investors have recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of CXApp in the second quarter valued at about $41,000. Renaissance Technologies LLC grew its holdings in CXApp by 110.1% during the 4th quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock worth $36,000 after acquiring an additional 56,911 shares in the last quarter. DRW Securities LLC purchased a new position in CXApp during the 4th quarter valued at about $44,000. Virtu Financial LLC purchased a new position in CXApp during the 4th quarter valued at about $46,000. Finally, Geode Capital Management LLC raised its holdings in shares of CXApp by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock valued at $69,000 after purchasing an additional 50,310 shares in the last quarter. Hedge funds and other institutional investors own 14.41% of the company’s stock.

About CXApp

CXApp Holdings, Inc develops and delivers workplace experience software designed to help enterprises manage hybrid work environments and improve employee engagement. Its flagship platform provides a mobile-first digital workplace companion that integrates space management, wayfinding, service requests, and communications. By combining Internet of Things (IoT) connectivity and data-driven insights, the platform enables organizations to optimize real estate, enhance operational efficiency, and support health and safety protocols.

The CXApp platform offers a suite of features tailored to employees, visitors, and facilities teams.