CXApp (NASDAQ:CXAI) Announces Earnings Results

CXApp (NASDAQ:CXAI) issued its earnings results on Thursday. The company reported ($1.35) EPS for the quarter, topping the consensus estimate of ($2.00) by $0.65, reports. CXApp had a negative return on equity of 135.04% and a negative net margin of 446.46%. The firm had revenue of $3.01 million during the quarter, compared to the consensus estimate of $2.50 million.

CXApp Trading Down 22.7%

Shares of CXAI stock traded down $0.35 during mid-day trading on Thursday, reaching $1.19. 277,052 shares of the stock traded hands, compared to its average volume of 92,987. The company has a market cap of $2.78 million, a price-to-earnings ratio of -0.05 and a beta of 1.09. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $2.35 and its two-hundred day simple moving average is $7.56. CXApp has a 1-year low of $1.12 and a 1-year high of $33.00.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen downgraded shares of CXApp from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

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.