Xiao-I (NASDAQ:AIXI) Shares Up 0.3% – Time to Buy?

Xiao-I Co. (NASDAQ:AIXI)’s share price rose 0.3% on Thursday . The stock traded as high as $3.70 and last traded at $3.55. Approximately 401,217 shares changed hands during mid-day trading, an increase of 209% from the average daily volume of 129,971 shares. The stock had previously closed at $3.54.

Xiao-I Stock Up 0.3%

The company’s fifty day moving average price is $3.42 and its two-hundred day moving average price is $4.65.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Xiao-I stock. HighTower Advisors LLC purchased a new position in shares of Xiao-I Co. (NASDAQ:AIXI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,877 shares of the company’s stock, valued at approximately $94,000. HighTower Advisors LLC owned approximately 0.23% of Xiao-I at the end of the most recent quarter. Institutional investors and hedge funds own 3.99% of the company’s stock.

About Xiao-I

Xiao-I Corporation, through its subsidiary, Shanghai Xiao-i Robot Technology Co, Ltd., provides software services in the People’s Republic of China. It offers conversational AI platform that uses deep learning, data enhancement, active learning technologies for dialog management, context processing mechanisms, and driven by a learning system; knowledge fusion platform which integrates Q&A, documents, multimedia, information forms, business processes, knowledge graphs, and multimodal; intelligence voice platform to enhance intelligent speech solutions, realizing the macro processes of intelligent IVP, intelligent outbound calls, speech analysis, agent assistance, and human-computer interaction; and hyperautomation platform that integrates technologies, such as OCR, NLP, and visualized data mining and analysis that enables users to realize business and process automation.