Inpixon (NASDAQ:INPX) Share Price Crosses Above Fifty Day Moving Average of $0.18

Inpixon (NASDAQ:INPX)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.18 and traded as high as $0.18. Inpixon shares last traded at $0.16, with a volume of 11,314,388 shares trading hands.

Inpixon Stock Performance

The business has a fifty day moving average of $0.18 and a 200 day moving average of $0.35.

Inpixon (NASDAQ:INPX) last announced its earnings results on Monday, August 14th. The technology company reported ($0.19) EPS for the quarter. The business had revenue of $2.06 million for the quarter. Inpixon had a negative net margin of 290.12% and a negative return on equity of 268.81%.

Hedge Funds Weigh In On Inpixon

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new position in Inpixon in the first quarter worth $39,000. State Street Corp raised its holdings in Inpixon by 16.4% in the first quarter. State Street Corp now owns 380,320 shares of the technology company’s stock worth $99,000 after purchasing an additional 53,521 shares in the last quarter. Millennium Management LLC bought a new position in Inpixon in the second quarter worth $38,000. HRT Financial LP raised its holdings in Inpixon by 154.7% in the fourth quarter. HRT Financial LP now owns 47,930 shares of the technology company’s stock worth $81,000 after purchasing an additional 29,115 shares in the last quarter. Finally, Armistice Capital LLC bought a new position in Inpixon in the fourth quarter worth $570,000. Institutional investors own 11.70% of the company’s stock.

About Inpixon

Inpixon, together with its subsidiaries, operates as an indoor intelligence company in the United States, Canada, India, Germany, Philippines, Ireland, the United Kingdom, and internationally. It operates through three segments: Indoor Intelligence, Saves, and Shoom. The Indoor Intelligence segment offers Internet of Things (IoT) software as a service platform that provides industrial IoT space, including enterprise class, multi-technology RTLS IoT platform for industrial automation; RTLS asset tracking hardware, such as end-to-end portfolio of IoT sensors, and tracking tags to track assets or personnel; Inpixon nanoLOC transceiver, a low-power, highly integrated mixed-signal chip; and video integration solution uses IoT analytics data and allows direct integration with leading video management systems and CCTV.