CXApp (NASDAQ:CXAI) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CXApp in a research note on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

CXApp Stock Performance

NASDAQ CXAI opened at $1.38 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.56. CXApp has a 52-week low of $1.12 and a 52-week high of $31.00. The business’s 50-day moving average price is $2.25 and its 200 day moving average price is $7.44. The firm has a market cap of $3.23 million, a P/E ratio of -0.05 and a beta of 1.09.

CXApp (NASDAQ:CXAI) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.00) by $0.65. The firm had revenue of $3.01 million for the quarter, compared to analysts’ expectations of $2.50 million. CXApp had a negative return on equity of 135.04% and a negative net margin of 446.46%.

Hedge Funds Weigh In On CXApp

An institutional investor recently raised its position in CXApp stock. Renaissance Technologies LLC raised its position in CXApp Inc. (NASDAQ:CXAI) by 242.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 371,754 shares of the company’s stock after acquiring an additional 263,154 shares during the period. Renaissance Technologies LLC owned approximately 0.65% of CXApp worth $67,000 at the end of the most recent reporting period. 14.41% of the stock is owned by hedge funds and other institutional investors.

CXApp Company Profile

CXApp Inc (NASDAQ: CXAI) provides an enterprise workplace experience platform designed to help organizations connect employees with people, information and physical workspaces. Its software supports employee communications, workplace engagement and collaboration through branded mobile and digital experiences.

The CXApp platform includes features such as workplace navigation and wayfinding, desk and room booking, event and community engagement, internal communications, service requests and workplace analytics.