CXApp Inc (NASDAQ:CXAI) does about 3.68M shares in volume on a normal day but saw 1582019 shares change hands in the recent trading day. The company now has a market cap of 31.66M USD. Its current market price is $1.84, marking an increase of 10.84% compared to the previous close of $1.66. The 52 week high reached by this stock is $7.07 whilst the lowest price level in 52 weeks is $1.03.
CXApp Inc (CXAI) has a 20-day trading average at $1.5160 and the current price is -73.97% off the 52-week high compared with 78.64% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.6398 and its 200-day simple moving average is $2.3487. If we look at the stock’s price movements over the week, volatility stands at 11.67%, which decreases to 7.08% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 66.38 to suggest the stock is neutral.
The consensus objective for the share price is $6.00, suggesting that the stock has a potential upside of 69.33% over the period.
The current price level is 21.37%, 12.21%, and -21.66% away from its SMA20, SMA50, and SMA200 respectively, with the CXAI price moving below the 50-day SMA on current market day. CXApp Inc (CXAI) stock is up 36.30% over the week and 16.46% over the past month. Its price is 42.64% year-to-date and 47.20% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $2.4M, which analysts say will come at $7.8M for the current fiscal year and next year at $15M. In addition, estimates put the company’s current quarterly revenue at an average of $1.8M.
To reach the target analysts have set, the stock logically needs to grow 69.33 percent from here.
The company has a return on investment of -247.61% and return on equity of -141.60%. The beta has a value of 0.89. Price to book ratio is 1.70 and price to sales ratio is 4.48.
