CXApp Stock Scheduled to Reverse Split on Tuesday, August 18th (NASDAQ:CXAI)

CXApp Inc. (NASDAQ:CXAI) shares are scheduled to reverse split on the morning of Tuesday, August 18th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 17th.

CXApp Price Performance

Shares of CXAI stock traded down $0.07 on Friday, reaching $0.11. The company had a trading volume of 42,918,614 shares, compared to its average volume of 4,965,645. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.28 and a current ratio of 2.29. The company has a 50-day moving average of $0.17 and a 200-day moving average of $0.19. CXApp has a 12 month low of $0.09 and a 12 month high of $1.04.

CXApp (NASDAQ:CXAI) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. The business had revenue of $0.95 million for the quarter, compared to the consensus estimate of $0.90 million. CXApp had a negative net margin of 368.07% and a negative return on equity of 106.67%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CXApp in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CXApp has a consensus rating of “Sell”.

Hedge Funds Weigh In On CXApp

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC lifted its stake in CXApp by 242.3% in the first quarter. Renaissance Technologies LLC now owns 371,754 shares of the company’s stock valued at $67,000 after buying an additional 263,154 shares in the last quarter. Virtu Financial LLC bought a new stake in CXApp in the 4th quarter valued at $46,000. DRW Securities LLC bought a new position in CXApp during the 4th quarter worth about $44,000. Geode Capital Management LLC raised its stake 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 during the period. Finally, XTX Topco Ltd bought a new stake in shares of CXApp in the second quarter valued at about $41,000. 14.41% of the stock is currently owned by institutional investors and hedge funds.

CXApp Company Profile

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.