CXApp Inc (NASDAQ:CXAI) Currently -328.48% Below Its 52-Week High, But There May Be A Surprise Downside

In last trading session, CXApp Inc (NASDAQ:CXAI) saw 0.5 million shares changing hands with its beta currently measuring 0.87. Company’s recent per share price level of $1.65 trading at $0.06 or 3.83% at ring of the bell on the day assigns it a market valuation of $27.17M. That closing price of CXAI’s stock is at a discount of -328.48% from its 52-week high price of $7.07 and is indicating a premium of 37.58% 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 0.54 million shares which gives us an average trading volume of 395.17K if we extend that period to 3-months.

CXApp Inc (NASDAQ:CXAI) trade information

Upright in the green during last session for gaining 3.83%, in the last five days CXAI remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $1.65 price level, adding 4.07% to its value on the day. CXApp Inc’s shares saw a change of 27.98% in year-to-date performance and have moved 22.29% in past 5-day. CXApp Inc (NASDAQ:CXAI) showed a performance of 13.86% in past 30-days. Number of shares sold short was 1.1 million shares which calculate 2.38 days to cover the short interests.

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1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2M for the same.

CXApp Inc (NASDAQ:CXAI)’s Major holders

Insiders are in possession of 46.05% of company’s total shares while institution are holding 6.72 percent of that, with stock having share float percentage of 12.46%. Investors also watch the number of corporate investors in a company very closely, which is 6.72% institutions for CXApp Inc that are currently holding shares of the company.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 508.2 shares of worth $0.85 million or 3.09% of the total outstanding shares. The later fund manager was in possession of 114.28 shares on Jun 30, 2024 , making its stake of worth around $0.19 million in the company or a holder of 0.69% of company’s stock.