XIAO-I (NASDAQ:AIXI) Stock Price Up 7.3% – Time to Buy?

XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) shares were up 7.3% during trading on Tuesday . The stock traded as high as $0.7772 and last traded at $0.73. Approximately 120,486 shares were traded during trading, a decline of 33% from the average daily volume of 180,048 shares. The stock had previously closed at $0.6803.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of XIAO-I in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

XIAO-I Stock Up 7.3%

The business’s 50 day moving average is $1.14 and its 200-day moving average is $1.88.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in XIAO-I stock. HighTower Advisors LLC bought a new stake in shares of XIAO-I Corporation Unsponsored ADR (NASDAQ:AIXI) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 21,877 shares of the company’s stock, valued at approximately $94,000. HighTower Advisors LLC owned about 0.23% of XIAO-I at the end of the most recent reporting period. Hedge funds and other institutional investors 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.