Brand Engagement Network (NASDAQ:BNAI) Issues Earnings Results, Beats Estimates By $0.69 EPS

Brand Engagement Network (NASDAQ:BNAI) announced its earnings results on Friday. The company reported ($0.51) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.20) by $0.69, FiscalAI reports. The firm had revenue of $0.10 million during the quarter, compared to analyst estimates of $0.30 million. Brand Engagement Network had a negative net margin of 3,137.73% and a negative return on equity of 308.17%.

Brand Engagement Network Stock Down 3.5%

Shares of BNAI stock traded down $0.82 on Friday, reaching $22.34. The stock had a trading volume of 172,856 shares, compared to its average volume of 4,621,456. The firm’s 50-day moving average is $36.82 and its two-hundred day moving average is $20.30. The firm has a market capitalization of $130.91 million, a price-to-earnings ratio of -3.44 and a beta of 0.59. Brand Engagement Network has a 12 month low of $1.18 and a 12 month high of $86.28.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Brand Engagement Network stock. Barclays PLC purchased a new stake in Brand Engagement Network Inc. (NASDAQ:BNAI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,041 shares of the company’s stock, valued at approximately $33,000. Barclays PLC owned 0.31% of Brand Engagement Network as of its most recent SEC filing. Institutional investors and hedge funds own 15.80% of the company’s stock.

Analyst Ratings Changes

BNAI has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brand Engagement Network in a research note on Monday, April 20th. Wall Street Zen raised shares of Brand Engagement Network from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Brand Engagement Network currently has an average rating of “Sell”.

Brand Engagement Network Company Profile

Brand Engagement Network, Inc provides conversational AI assistants. The company offers security-focused, multimodal communication, and human-like assistants. Its AI assistants are built on proprietary natural language processing, anomaly detection, multisensory awareness, sentiment, and environmental analysis, as well as real-time individuation and personalization capabilities. It serves the automotive, healthcare, and other industries through direct sales force and channel partners. Brand Engagement Network, Inc was formerly known as Blockchain Exchange Network Inc and changed its name to Brand Engagement Network, Inc in April 2023.