XIAO-I (NASDAQ:AIXI) Shares Up 7.3% – Still a Buy?

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) traded up 7.3% during mid-day trading on Tuesday . The stock traded as high as $0.7772 and last traded at $0.73. 120,486 shares traded hands during trading, a decline of 33% from the average session volume of 180,048 shares. The stock had previously closed at $0.6803.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of XIAO-I in a research note on Tuesday. One analyst has rated the stock with a Sell rating, According to MarketBeat, XIAO-I has a consensus rating of “Sell”.

XIAO-I Stock Performance

The business has a fifty day moving average of $1.10 and a two-hundred day moving average of $1.86.

Institutional Trading of XIAO-I

A hedge fund recently bought a new stake in XIAO-I stock. HighTower Advisors LLC bought a new position in shares of XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,877 shares of the company’s stock, valued at approximately $94,000. HighTower Advisors LLC owned 0.23% of XIAO-I as of its most recent filing with the SEC. 3.99% of the stock is currently owned by institutional investors.

About XIAO-I

Xiao-I Corporation, through its subsidiary, Shanghai Xiao-i Robot Technology Co, Ltd., provides software services in the People’s Republic of China. It offers conversational AI platform that uses deep learning, data enhancement, active learning technologies for dialog management, context processing mechanisms, and driven by a learning system; knowledge fusion platform which integrates Q&A, documents, multimedia, information forms, business processes, knowledge graphs, and multimodal; intelligence voice platform to enhance intelligent speech solutions, realizing the macro processes of intelligent IVP, intelligent outbound calls, speech analysis, agent assistance, and human-computer interaction; and hyperautomation platform that integrates technologies, such as OCR, NLP, and visualized data mining and analysis that enables users to realize business and process automation.