CXApp (NASDAQ:CXAI) Stock to Reverse Split on Tuesday, August 18th

CXApp Inc. (NASDAQ:CXAI)’s stock is set to reverse split before the market opens on Tuesday, August 18th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 17th.

CXApp Stock Down 37.1%

CXAI traded down $0.07 during midday trading on Friday, hitting $0.11. 42,918,614 shares of the company’s stock traded hands, compared to its average volume of 14,722,038. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.29 and a quick ratio of 2.28. The company has a market cap of $7.75 million, a PE ratio of -0.19 and a beta of 0.97. The stock’s fifty day simple moving average is $0.17 and its 200-day simple moving average is $0.19. CXApp has a one year low of $0.09 and a one year high of $1.04.

CXApp (NASDAQ:CXAI) last posted its earnings results on Wednesday, May 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. The firm had revenue of $0.95 million during the quarter, compared to analysts’ expectations of $0.90 million. CXApp had a negative net margin of 368.07% and a negative return on equity of 106.67%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CXApp in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CXApp currently has an average rating of “Sell”.

Hedge Funds Weigh In On CXApp

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of CXApp in the second quarter worth $41,000. Geode Capital Management LLC grew its stake in CXApp by 32.0% in the 4th quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock valued at $69,000 after buying an additional 50,310 shares during the last quarter. Renaissance Technologies LLC grew its stake in CXApp by 110.1% in the 4th quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock valued at $36,000 after buying an additional 56,911 shares during the last quarter. DRW Securities LLC bought a new position in CXApp in the 4th quarter worth $44,000. Finally, Virtu Financial LLC acquired a new position in CXApp during the 4th quarter worth $46,000. Institutional investors own 14.41% of the company’s stock.

CXApp Company Profile

CXApp Holdings, Inc develops and delivers workplace experience software designed to help enterprises manage hybrid work environments and improve employee engagement. Its flagship platform provides a mobile-first digital workplace companion that integrates space management, wayfinding, service requests, and communications. By combining Internet of Things (IoT) connectivity and data-driven insights, the platform enables organizations to optimize real estate, enhance operational efficiency, and support health and safety protocols.

The CXApp platform offers a suite of features tailored to employees, visitors, and facilities teams.