CXApp (NASDAQ:CXAI) Shares Down 0.8% – Here’s Why

CXApp Inc. (NASDAQ:CXAI) dropped 0.8% on Monday . The company traded as low as $0.79 and last traded at $0.79. Approximately 405,331 shares were traded during trading, a decline of 30% from the average daily volume of 582,402 shares. The stock had previously closed at $0.80.

CXApp Stock Down 0.8%

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $18.60 million, a PE ratio of -1.02 and a beta of 0.85. The business has a 50 day moving average of $0.95 and a two-hundred day moving average of $1.05.

Institutional Investors Weigh In On CXApp

A number of hedge funds have recently made changes to their positions in CXAI. Vanguard Personalized Indexing Management LLC lifted its stake in shares of CXApp by 93.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,796 shares of the company’s stock worth $28,000 after purchasing an additional 12,459 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of CXApp during the 2nd quarter worth $41,000. Two Sigma Securities LLC lifted its stake in shares of CXApp by 120.6% during the 4th quarter. Two Sigma Securities LLC now owns 27,554 shares of the company’s stock worth $50,000 after purchasing an additional 15,064 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of CXApp by 11.8% during the 4th quarter. Geode Capital Management LLC now owns 137,913 shares of the company’s stock worth $251,000 after purchasing an additional 14,601 shares during the last quarter. 14.41% of the stock is currently owned by hedge funds and other institutional investors.

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.