In last trading session, CXApp Inc (NASDAQ:CXAI) saw 0.37 million shares changing hands with its beta currently measuring 0.78. Company’s recent per share price level of $1.36 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $20.55M. That closing price of CXAI’s stock is at a discount of -1444.12% from its 52-week high price of $21.00 and is indicating a premium of 13.97% from its 52-week low price of $1.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 865.50K if we extend that period to 3-months.
For CXApp Inc (CXAI), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.27 in the current quarter.
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CXApp Inc (NASDAQ:CXAI) trade information
In the last five days while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $1.36 price level, adding 17.58% to its value on the day. CXApp Inc’s shares saw a change of -86.49% in year-to-date performance and have moved 0.00% in past 5-day. CXApp Inc (NASDAQ:CXAI) showed a performance of -1.45% in past 30-days. Number of shares sold short was 0.16 million shares which calculate 0.46 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $6.00 to the stock, which implies a rise of 77.33% to its current value. Analysts have been projecting $6.00 as a low price target for the stock while placing it at a high target of $6.00. It follows that stock’s current price would drop -341.18% in reaching the projected high whereas dropping to the targeted low would mean a loss of -341.18% for stock’s current value.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.1 million for the same. And 1 analysts are in estimates of company making revenue of $2.3 million in the next quarter that will end on Mar 2024.
CXAI Dividends
CXApp Inc is more likely to be releasing its next quarterly report on November 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
CXApp Inc (NASDAQ:CXAI)’s Major holders
Insiders are in possession of 84.62% of company’s total shares while institution are holding 14.31 percent of that, with stock having share float percentage of 93.04%. Investors also watch the number of corporate investors in a company very closely, which is 14.31% institutions for CXApp Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at CXAI for having 0.26 million shares of worth $2.88 million. And as of Jun 29, 2023, it was holding 2.74% of the company’s outstanding shares.
The second largest institutional holder is Clear Street LLC, which was holding about 80000.0 shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.83% of outstanding shares, having a total worth of $0.87 million.
On the other hand, EQ Advisors Trust-EQ/Small Company Index Portfolio and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 31560.0 shares of worth $0.34 million or 0.33% of the total outstanding shares. The later fund manager was in possession of 28670.0 shares on May 30, 2023, making its stake of worth around $0.35 million in the company or a holder of 0.30% of company’s stock.