CXApp (NASDAQ:CXAI) Stock Rating Upgraded by Wall Street Zen

CXApp (NASDAQ:CXAI) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CXApp in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

CXApp Price Performance

Shares of CXAI opened at $3.85 on Friday. The stock has a market cap of $5.40 million, a P/E ratio of -0.15 and a beta of 0.97. CXApp has a 1 year low of $3.70 and a 1 year high of $51.99. The stock’s 50-day moving average price is $7.67 and its two-hundred day moving average price is $9.04. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.56.

CXApp (NASDAQ:CXAI) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($3.00) by $2.90. The company had revenue of $1.69 million during the quarter, compared to analysts’ expectations of $1.15 million. CXApp had a negative return on equity of 135.04% and a negative net margin of 446.46%.

Hedge Funds Weigh In On CXApp

A number of large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in shares of CXApp by 242.3% in the first quarter. Renaissance Technologies LLC now owns 371,754 shares of the company’s stock valued at $67,000 after purchasing an additional 263,154 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of CXApp by 32.0% during the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock worth $69,000 after buying an additional 50,310 shares during the period. Virtu Financial LLC bought a new position in shares of CXApp during the fourth quarter worth about $46,000. DRW Securities LLC bought a new position in shares of CXApp during the fourth quarter worth about $44,000. Finally, XTX Topco Ltd acquired a new stake in CXApp in the 2nd quarter valued at approximately $41,000. 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.