CXApp Inc (CXAI) Shares Decline by -3.63% to Close at $2.39

As of close of business last night, CXApp Inc’s stock clocked out at $2.39, down -3.63% from its previous closing price of $2.48. In other words, the price has decreased by -$0.0900 from its previous closing price. On the day, 648458 shares were traded.

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Ratios:

To gain a deeper understanding of CXAI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 08 ’23 when Sheikh Khurram P sold 38,190 shares for $3.39 per share. The transaction valued at 129,311 led to the insider holds 2,421,648 shares of the business.

EISNOR DI-ANN sold 3,000 shares of CXAI for $9,831 on Sep 08 ’23. The Director now owns 79,120 shares after completing the transaction at $3.28 per share. On Sep 07 ’23, another insider, Sheikh Khurram P, who serves as the Director of the company, sold 11,810 shares for $3.51 each. As a result, the insider received 41,487 and left with 2,459,838 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CXAI now has a Market Capitalization of 49.37M and an Enterprise Value of 42.78M. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.45 while its Price-to-Book (P/B) ratio in mrq is 0.57. Its current Enterprise Value per Revenue stands at -17.49 whereas that against EBITDA is 8.19.

Stock Price History:

Over the past 52 weeks, CXAI has reached a high of $21.00, while it has fallen to a 52-week low of $1.03. The 50-Day Moving Average of the stock is 1.7345, while the 200-Day Moving Average is calculated to be 3.5649.

Shares Statistics:

It appears that CXAI traded 3.61M shares on average per day over the past three months and 4.61M shares per day over the past ten days. A total of 15.25M shares are outstanding, with a floating share count of 13.29M. Insiders hold about 12.90% of the company’s shares, while institutions hold 4.98% stake in the company. Shares short for CXAI as of Feb 29, 2024 were 1.6M with a Short Ratio of 0.44, compared to 311.69k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.49% and a Short% of Float of 22.69%.

Earnings Estimates

As of right now, 1 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.25 and low estimates of -$0.25.

Analysts are recommending an EPS of between -$1.16 and -$1.16 for the fiscal current year, implying an average EPS of -$1.16. EPS for the following year is $0.9, with 1 analysts recommending between $0.9 and $0.9.

Revenue Estimates

Based on 1 analysts’ estimates, the company’s revenue will be $11.5M in the next fiscal year. The high estimate is $11.5M and the low estimate is $11.5M. The average revenue growth estimate for next year is up 98.30% from the average revenue estimate for this year.

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