CXApp (NASDAQ:CXAI – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($1.35) earnings per share for the quarter, topping the consensus estimate of ($2.00) by $0.65, reports. The company had revenue of $3.01 million for the quarter, compared to analysts’ expectations of $2.50 million. CXApp had a negative net margin of 446.46% and a negative return on equity of 135.04%.
CXApp Trading Down 22.7%
CXApp stock traded down $0.35 during mid-day trading on Thursday, hitting $1.19. 277,052 shares of the stock were exchanged, compared to its average volume of 92,987. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.56. CXApp has a 12 month low of $1.12 and a 12 month high of $33.00. The firm’s fifty day simple moving average is $2.35 and its two-hundred day simple moving average is $7.56. The stock has a market capitalization of $2.78 million, a price-to-earnings ratio of -0.05 and a beta of 1.09.
Analyst Ratings Changes
Several research analysts recently issued reports on CXAI shares. Wall Street Zen lowered CXApp from a “hold” rating to a “sell” rating in a research report on Saturday, September 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of CXApp in a research report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.
Read Our Latest Report on CXApp
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.
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