Wall Street Zen Upgrades CXApp (NASDAQ:CXAI) to Hold

CXApp (NASDAQ:CXAI) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CXApp in a research note on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, CXApp currently has an average rating of “Sell”.

CXApp Stock Performance

Shares of CXAI stock opened at $1.36 on Friday. The stock has a market capitalization of $3.18 million, a price-to-earnings ratio of -0.05 and a beta of 1.09. The company’s fifty day simple moving average is $2.30 and its two-hundred day simple moving average is $7.50. CXApp has a 1 year low of $1.12 and a 1 year high of $31.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.50 and a quick ratio of 1.50.

CXApp (NASDAQ:CXAI) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($1.35) EPS for the quarter, topping analysts’ consensus estimates of ($2.00) by $0.65. The firm had revenue of $3.01 million during the quarter, compared to analyst estimates of $2.50 million. CXApp had a negative return on equity of 132.15% and a negative net margin of 319.83%.

Hedge Funds Weigh In On CXApp

An institutional investor recently raised its stake in CXApp stock. Renaissance Technologies LLC boosted its position in shares of CXApp Inc. (NASDAQ:CXAI) by 242.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 371,754 shares of the company’s stock after acquiring an additional 263,154 shares during the period. Renaissance Technologies LLC owned 0.65% of CXApp worth $67,000 as of its most recent SEC filing. 14.41% of the stock is currently owned by hedge funds and other institutional investors.

CXApp Company Profile

CXApp Inc (NASDAQ: CXAI) provides an enterprise workplace experience platform designed to help organizations connect employees with people, information and physical workspaces. Its software supports employee communications, workplace engagement and collaboration through branded mobile and digital experiences.

The CXApp platform includes features such as workplace navigation and wayfinding, desk and room booking, event and community engagement, internal communications, service requests and workplace analytics.