Core AI (NASDAQ:CHAI) Issues Quarterly Earnings Results

Core AI (NASDAQ:CHAI) announced its earnings results on Thursday. The company reported ($0.14) earnings per share for the quarter, Zacks reports. Core AI had a negative return on equity of 69.32% and a negative net margin of 57.19%.

Core AI Stock Up 0.1%

NASDAQ CHAI traded up $0.00 during trading hours on Thursday, hitting $0.94. 22,268 shares of the company were exchanged, compared to its average volume of 100,272. The company has a 50 day moving average of $1.10 and a two-hundred day moving average of $1.69. Core AI has a 52-week low of $0.92 and a 52-week high of $20.72. The firm has a market cap of $18.78 million, a price-to-earnings ratio of -0.01 and a beta of 1.99.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Core AI in a research note on Tuesday, May 26th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Core AI

An institutional investor recently bought a new position in Core AI stock. Geode Capital Management LLC acquired a new stake in Core AI Holdings (NASDAQ:CHAI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned about 0.08% of Core AI as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 9.87% of the company’s stock.

Core AI Company Profile

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.