Brand Engagement Network (NASDAQ:BNAI) Receives New Coverage from Analysts at Maxim Group

Maxim Group initiated coverage on shares of Brand Engagement Network (NASDAQ:BNAI) in a report issued on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $6.00 target price on the stock.

Brand Engagement Network Stock Performance

Brand Engagement Network stock opened at $2.66 on Thursday. Brand Engagement Network has a 52-week low of $0.99 and a 52-week high of $19.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.33 and a quick ratio of 0.33. The stock’s 50 day moving average price is $3.09.

Brand Engagement Network (NASDAQ:BNAI) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.27) EPS for the quarter. The firm had revenue of $0.05 million for the quarter.

Institutional Trading of Brand Engagement Network

A hedge fund recently bought a new stake in Brand Engagement Network stock. Periscope Capital Inc. purchased a new stake in Brand Engagement Network, Inc. (NASDAQ:BNAI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 150,000 shares of the company’s stock, valued at approximately $1,012,000. Periscope Capital Inc. owned 0.45% of Brand Engagement Network at the end of the most recent quarter. Hedge funds and other institutional investors own 15.80% of the company’s stock.

About Brand Engagement Network

Brand Engagement Network, Inc provides conversational AI assistants. The company offers security-focused, multimodal communication, and human-like assistants. Its AI assistants are built on proprietary natural language processing, anomaly detection, multisensory awareness, sentiment, and environmental analysis, as well as real-time individuation and personalization capabilities.