Shares of CXApp Inc. (NASDAQ:CXAI – Free Report) are set to reverse split before the market opens on Tuesday, August 18th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 17th.
CXApp Stock Performance
CXAI traded down $0.07 during trading hours on Friday, hitting $0.11. The company’s stock had a trading volume of 42,918,614 shares, compared to its average volume of 4,965,645. CXApp has a fifty-two week low of $0.09 and a fifty-two week high of $1.04. The company has a current ratio of 2.29, a quick ratio of 2.28 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $7.75 million, a PE ratio of -0.19 and a beta of 0.97. The company has a 50-day simple moving average of $0.17 and a 200 day simple moving average of $0.19.
CXApp (NASDAQ:CXAI – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. CXApp had a negative return on equity of 106.67% and a negative net margin of 368.07%.The firm had revenue of $0.95 million for the quarter, compared to the consensus estimate of $0.90 million.
Wall Street Analyst Weigh In
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its holdings in CXApp by 110.1% during the fourth quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock worth $36,000 after purchasing an additional 56,911 shares in the last quarter. XTX Topco Ltd bought a new position in CXApp during the 2nd quarter valued at $41,000. DRW Securities LLC bought a new stake in shares of CXApp in the 4th quarter worth $44,000. Virtu Financial LLC acquired a new stake in shares of CXApp in the fourth quarter valued at $46,000. Finally, Geode Capital Management LLC lifted its holdings in shares of CXApp by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock valued at $69,000 after buying an additional 50,310 shares during the period. Institutional investors and hedge funds own 14.41% of the company’s stock.
CXApp Company Profile
CXApp Holdings, Inc develops and delivers workplace experience software designed to help enterprises manage hybrid work environments and improve employee engagement. Its flagship platform provides a mobile-first digital workplace companion that integrates space management, wayfinding, service requests, and communications. By combining Internet of Things (IoT) connectivity and data-driven insights, the platform enables organizations to optimize real estate, enhance operational efficiency, and support health and safety protocols.
The CXApp platform offers a suite of features tailored to employees, visitors, and facilities teams.
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