CXApp (NASDAQ:CXAI) Posts Earnings Results, Beats Expectations By $0.02 EPS

CXApp (NASDAQ:CXAI) announced its earnings results on Wednesday. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02, FiscalAI reports. The business had revenue of $0.95 million during the quarter, compared to analysts’ expectations of $0.90 million. CXApp had a negative net margin of 294.00% and a negative return on equity of 91.16%.

CXApp Price Performance

Shares of NASDAQ CXAI traded up $0.00 during trading on Wednesday, reaching $0.14. The company had a trading volume of 7,513,943 shares, compared to its average volume of 8,882,062. CXApp has a 52 week low of $0.13 and a 52 week high of $1.45. The stock has a market cap of $8.08 million, a PE ratio of -0.25 and a beta of 0.84. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.23 and a current ratio of 2.23. The business’s 50 day moving average price is $0.19 and its 200-day moving average price is $0.32.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CXApp in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, CXApp currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On CXApp

A number of institutional investors have recently modified their holdings of CXAI. Renaissance Technologies LLC raised its stake in shares of CXApp by 110.1% in the fourth quarter. Renaissance Technologies LLC now owns 108,600 shares of the company’s stock worth $36,000 after acquiring an additional 56,911 shares during the last quarter. XTX Topco Ltd bought a new position in shares of CXApp in the second quarter worth about $41,000. DRW Securities LLC bought a new position in shares of CXApp in the fourth quarter worth about $44,000. Virtu Financial LLC bought a new position in shares of CXApp in the fourth quarter worth about $46,000. Finally, Geode Capital Management LLC raised its stake in shares of CXApp by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock worth $69,000 after acquiring an additional 50,310 shares during the last quarter. 14.41% of the stock is owned by institutional investors.

About CXApp

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.