CXApp Inc. (NASDAQ:CXAI – Get Free Report)’s stock price fell 18.3% during mid-day trading on Monday . The company traded as low as $1.05 and last traded at $1.16. 6,514,783 shares traded hands during trading, an increase of 188% from the average session volume of 2,263,835 shares. The stock had previously closed at $1.42.
CXApp Stock Down 18.3 %
The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25. The stock’s 50-day simple moving average is $1.22 and its two-hundred day simple moving average is $1.51.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in CXApp by 11.8% in the 4th quarter. Geode Capital Management LLC now owns 137,913 shares of the company’s stock valued at $251,000 after buying an additional 14,601 shares in the last quarter. Two Sigma Securities LLC boosted its position in shares of CXApp by 120.6% during the 4th quarter. Two Sigma Securities LLC now owns 27,554 shares of the company’s stock valued at $50,000 after acquiring an additional 15,064 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of CXApp in the fourth quarter valued at about $42,000. Finally, JPMorgan Chase & Co. increased its position in CXApp by 59,992.5% during the third quarter. JPMorgan Chase & Co. now owns 31,849 shares of the company’s stock worth $54,000 after purchasing an additional 31,796 shares during the last quarter. 14.41% of the stock is currently owned by institutional investors and hedge funds.
About CXApp
CXApp Inc provides a workplace experience platform for enterprise customers. It offers CXApp, a software-as-a-service platform with native mapping, analytics, on-device positioning, and applications technologies for use in various applications, such as workplace experience, employee engagement, desk and meeting room reservations, workplace analytics, occupancy management, content delivery, corporate communications and notifications, event management, live indoor mapping, wayfinding, and navigation.
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