CXApp Inc (NASDAQ:CXAI) traded with an addition of $0.1 to $1.65 on Thursday, an upside of 6.45 percent. An average of 954,477 shares of common stock have been traded in the last five days. There was a gain of $0.0700 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,886,919 shares traded, while the 50-day average volume stands at 991,140.
CXAI stock has decreased by -64.89% in the last month. The company shares reached their 1-month lowest point of $1.2900 on 09/26/23. With the stock rallying to its 52-week high on 04/14/23, shares of the company touched a low of $1.21 and a high of $21.00 in 52 weeks. It has reached a new high 7 times so far this year and lost -83.61% or -$8.4100 in price. In spite of this, the price is down -92.14% from the 52-week high.
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Insider Transactions
CXAI stock investors should be aware that CXApp Inc (CXAI) stock had its last reported insider trading activity 20 days ago on Sep 08. In this transaction, the insider spent $129,311. Director, EISNOR DI-ANN, disposed of 3,000 shares at a price of $3.28 on Sep 08. The insider now owns more than $9,831 worth of shares. Prior to that, Director Sheikh Khurram P went on to Sale 11,810 shares at $3.51 each on Sep 07. An amount of $41,487 was transacted.
Valuation Metrics
CXApp Inc (CXAI) has a trailing price-to-earnings (P/E) ratio of 1.76, which compares with the N/A for the broader industry. The stock’s beta is 0.75. Other valuation ratios to consider include the price-to-book (PB) ratio at 2.13.
Financial Health
The quick ratio of CXApp Inc for the recent quarter was 0.21, and the current ratio was 0.21, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$14.73 million in the quarter, while revenues were grew 168.36%. Shareholders own equity worth $15.11 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at CXApp Inc (CXAI) price momentum. RSI 9-day as of the close on 27 September was 31.53%, suggesting the stock is Neutral, with historical volatility in this time frame at 69.38%.
As of today, CXAI’s price is $1.5690 +4.40% or $0.0700 from its 5-day moving average. CXAI is currently trading -63.11% lower than its 20-day SMA and -84.15% lower than its 100-day SMA. However, the stock’s current price level is -78.30% below the SMA50 and -83.50% below the SMA200.
The stochastic %K and %D were 14.31% and 8.57%, respectively, and the average true range (ATR) was 0.3430. With the 14-day stochastic at 23.25% and the average true range at 0.4336, the RSI (14) stands at 30.75%. The stock has reached -0.0444 on the 9-day MACD Oscillator while the 14-day reading was at -0.1720.
Analyst Ratings
The consensus rating for CXApp Inc (CXAI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CXAI, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is CXAI’s price target for the next 12 months?
Analysts predict a range of price targets between $6.00 and $6.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for CXApp Inc (CXAI) stock is $6.00.
