CXApp (NASDAQ:CXAI) Stock to Reverse Split on Tuesday, August 18th

CXApp Inc. (NASDAQ:CXAI)’s stock is scheduled 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 closing bell on Monday, August 17th.

CXApp Trading Down 37.1%

CXApp stock traded down $0.07 during midday trading on Friday, reaching $0.11. The stock had a trading volume of 42,918,614 shares, compared to its average volume of 14,722,038. The firm’s fifty day simple moving average is $0.17 and its two-hundred day simple moving average is $0.19. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.29 and a quick ratio of 2.28. CXApp has a twelve month low of $0.09 and a twelve month high of $1.04. The firm has a market cap of $7.75 million, a price-to-earnings ratio of -0.19 and a beta of 0.97.

CXApp (NASDAQ:CXAI) last released its earnings results on Wednesday, May 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $0.95 million during the quarter, compared to analyst estimates of $0.90 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On CXApp

Several institutional investors and hedge funds have recently modified their holdings of CXAI. XTX Topco Ltd acquired a new position in shares of CXApp in the second quarter worth $41,000. Renaissance Technologies LLC boosted its position in CXApp by 110.1% during the fourth quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock valued at $36,000 after purchasing an additional 56,911 shares during the last quarter. DRW Securities LLC acquired a new stake in CXApp during the fourth quarter valued at $44,000. Virtu Financial LLC purchased a new position in CXApp in the fourth quarter valued at about $46,000. Finally, Geode Capital Management LLC grew its stake in 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 purchasing an additional 50,310 shares in the last quarter. 14.41% of the stock is currently owned by hedge funds and other institutional investors.

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.