CXApp Inc (NASDAQ:CXAI) Drops -52.27% In 2024; Is It Affordable At $1.79?

In last trading session, CXApp Inc (NASDAQ:CXAI) saw 0.54 million shares changing hands with its beta currently measuring 0.91. Company’s recent per share price level of $1.79 trading at -$0.14 or -7.25% at ring of the bell on the day assigns it a market valuation of $27.33M. That closing price of CXAI’s stock is at a discount of -294.97% from its 52-week high price of $7.07 and is indicating a premium of 42.46% from its 52-week low price of $1.03. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.6 million shares which gives us an average trading volume of 3.76 million if we extend that period to 3-months.

CXApp Inc (NASDAQ:CXAI) trade information

Upright in the red during last session for losing -7.25%, in the last five days CXAI remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $1.79 price level, adding 17.13% to its value on the day. CXApp Inc’s shares saw a change of 38.76% in year-to-date performance and have moved -15.17% in past 5-day. CXApp Inc (NASDAQ:CXAI) showed a performance of -1.10% in past 30-days. Number of shares sold short was 2.47 million shares which calculate 0.27 days to cover the short interests.

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CXApp Inc (CXAI) estimates and forecasts

This year revenue growth is estimated to rise 5.90% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.8M for the same. And 1 analysts are in estimates of company making revenue of 2.4M in the next quarter. Company posted 1.77M and 1.72M of sales in current and next quarters respectively a year earlier.

CXApp Inc (NASDAQ:CXAI)’s Major holders

Insiders are in possession of 51.51% of company’s total shares while institution are holding 7.57 percent of that, with stock having share float percentage of 15.61%. Investors also watch the number of corporate investors in a company very closely, which is 7.57% institutions for CXApp Inc that are currently holding shares of the company.