Core AI (NASDAQ:CHAI) Issues Quarterly Earnings Results

Core AI (NASDAQ:CHAIGet Free Report) released its quarterly earnings results on Thursday. The company reported ($0.14) earnings per share for the quarter, Zacks reports. Core AI had a negative return on equity of 69.32% and a negative net margin of 57.19%.

Core AI Stock Performance

Core AI stock traded down $0.01 during midday trading on Thursday, hitting $0.93. 24,232 shares of the company’s stock were exchanged, compared to its average volume of 100,275. Core AI has a 12 month low of $0.92 and a 12 month high of $20.72. The firm has a 50-day moving average of $1.10 and a two-hundred day moving average of $1.69. The company has a market cap of $18.51 million, a PE ratio of -0.01 and a beta of 1.99.

Hedge Funds Weigh In On Core AI

A hedge fund recently bought a new stake in Core AI stock. Geode Capital Management LLC acquired a new stake in Core AI Holdings (NASDAQ:CHAIFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned about 0.08% of Core AI as of its most recent SEC filing. 9.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of Core AI in a report on Tuesday, May 26th. They issued a “sell (e)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on Core AI

Core AI Company Profile

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Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.

Further Reading

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