CXApp (NASDAQ:CXAI) Stock Price Down 4.9% – Here’s Why

CXApp Inc. (NASDAQ:CXAI) fell 4.9% during trading on Wednesday . The company traded as low as $1.87 and last traded at $1.96. 780,387 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 1,811,747 shares. The stock had previously closed at $2.06.

CXApp Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45. The firm has a 50-day moving average of $1.68 and a 200 day moving average of $1.86.

CXApp (NASDAQ:CXAI) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.08). The business had revenue of $1.90 million for the quarter. CXApp had a negative return on equity of 281.11% and a negative net margin of 751.90%.

Institutional Trading of CXApp

An institutional investor recently raised its position in CXApp stock. JPMorgan Chase & Co. raised its stake in shares of CXApp Inc. (NASDAQ:CXAI) by 59,992.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,849 shares of the company’s stock after acquiring an additional 31,796 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.19% of CXApp worth $54,000 as of its most recent filing with the SEC. Institutional investors own 14.41% of the company’s stock.

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.