Core AI (NASDAQ:CHAI) Releases Earnings Results

Core AI (NASDAQ:CHAI) posted its earnings results on Thursday. The company reported ($0.14) EPS for the quarter, Zacks reports. The firm had revenue of $3.77 million for the quarter. Core AI had a negative return on equity of 59.58% and a negative net margin of 55.59%.

Core AI Stock Performance

CHAI opened at $0.83 on Friday. The business’s fifty day moving average is $1.09 and its two-hundred day moving average is $1.67. The company has a market cap of $16.55 million, a price-to-earnings ratio of -0.06 and a beta of 1.99. Core AI has a one year low of $0.80 and a one year high of $20.72.

Institutional Trading of Core AI

An institutional investor recently bought a new position in Core AI stock. Geode Capital Management LLC bought a new position in shares of Core AI Holdings (NASDAQ:CHAI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI as of its most recent filing with the Securities and Exchange Commission (SEC). 9.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Core AI in a research report on Tuesday, May 26th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Core AI presently has an average rating of “Sell”.

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.