Core AI (NASDAQ:CHAI) Issues Earnings Results

Core AI (NASDAQ:CHAI) announced its quarterly earnings data on Monday. The company reported ($0.08) earnings per share for the quarter, Zacks reports. The company had revenue of $22.35 million for the quarter. Core AI had a negative return on equity of 123.03% and a negative net margin of 78.92%.

Core AI Trading Down 3.3%

NASDAQ:CHAI opened at $0.27 on Wednesday. Core AI has a 52 week low of $0.27 and a 52 week high of $15.68. The firm has a market capitalization of $5.41 million, a PE ratio of -0.06 and a beta of 2.03. The stock has a 50 day moving average of $0.59 and a 200-day moving average of $1.06.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Core AI stock. Geode Capital Management LLC bought a new position in Core AI Holdings (NASDAQ:CHAI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned about 0.08% of Core AI at the end of the most recent quarter. 9.87% of the stock is owned by institutional investors.

About Core AI

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.