CXApp (NASDAQ:CXAI) Shares Down 5.8% – What’s Next?

CXApp Inc. (NASDAQ:CXAI) traded down 5.8% on Thursday . The stock traded as low as $0.69 and last traded at $0.72. 1,430,272 shares traded hands during mid-day trading, an increase of 106% from the average session volume of 695,227 shares. The stock had previously closed at $0.76.

CXApp Price Performance

The stock has a market capitalization of $16.79 million, a price-to-earnings ratio of -0.92 and a beta of 0.83. 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 company has a fifty day simple moving average of $0.84 and a two-hundred day simple moving average of $0.96.

Hedge Funds Weigh In On CXApp

An institutional investor recently bought a new position in CXApp stock. XTX Topco Ltd acquired a new stake in CXApp Inc. (NASDAQ:CXAI) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 38,275 shares of the company’s stock, valued at approximately $41,000. XTX Topco Ltd owned approximately 0.19% of CXApp at the end of the most recent reporting period. Institutional investors and hedge funds own 14.41% of the company’s stock.

CXApp Company Profile

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.