CXApp (NASDAQ:CXAI) Stock Bumped Up to “Hold” by Wall Street Zen

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

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

CXApp Trading Up 14.3%

Shares of CXAI stock opened at $1.36 on Friday. The stock has a market cap of $3.18 million, a P/E ratio of -0.05 and a beta of 1.09. 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 fifty-two week low of $1.12 and a fifty-two week high of $31.00. The business has a fifty day simple moving average of $2.30 and a 200-day simple moving average of $7.50.

CXApp (NASDAQ:CXAI) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($1.35) EPS for the quarter, topping the consensus estimate of ($2.00) by $0.65. The business had revenue of $3.01 million for the quarter, compared to analyst estimates of $2.50 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

A hedge fund recently raised its position in CXApp stock. Renaissance Technologies LLC boosted its position in CXApp Inc. (NASDAQ:CXAI) by 242.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 371,754 shares of the company’s stock after purchasing an additional 263,154 shares during the quarter. Renaissance Technologies LLC owned about 0.65% of CXApp worth $67,000 as of its most recent filing with the Securities and Exchange Commission. 14.41% of the stock is currently owned by institutional investors and hedge funds.

About CXApp

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.