Core AI (NASDAQ:CHAI) Stock Price Down 8.7% – Time to Sell?

Core AI Holdings (NASDAQ:CHAI) shares dropped 8.7% during mid-day trading on Friday . The stock traded as low as $1.20 and last traded at $1.23. Approximately 36,588 shares were traded during trading, an increase of 12% from the average daily volume of 32,711 shares. The stock had previously closed at $1.3465.

Core AI Price Performance

The company has a 50-day simple moving average of $1.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 2.02. The firm has a market capitalization of $24.50 million, a P/E ratio of -0.01 and a beta of 1.90.

Institutional Trading of Core AI

An institutional investor recently bought a new position in Core AI stock. Geode Capital Management LLC acquired a new position in shares of Core AI Holdings (NASDAQ:CHAI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned approximately 0.08% of Core AI at the end of the most recent reporting period. Institutional investors and hedge funds own 9.87% of the company’s stock.

Core AI Company Profile

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.