Investors Getting Picky When It Comes To Buying CXApp Inc (CXAI)

CXApp Inc (NASDAQ:CXAI) does about 542.78K shares in volume on a normal day but saw 7684724 shares change hands in the recent trading day. The company now has a market cap of 48.65M USD. Its current market price is $2.25, marking an increase of 11.94% compared to the previous close of $2.01. 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 $1.57 and the current price is -68.18% off the 52-week high compared with 118.45% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.55 and its 200-day simple moving average is $2.37. If we look at the stock’s price movements over the week, volatility stands at 18.33%, which decreases to 12.27% 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 74.79 to suggest the stock is overbought.

The consensus objective for the share price is $5.00, suggesting that the stock has a potential upside of 55.0% over the period.

The current price level is 43.49%, 45.50%, and -5.21% 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 37.20% over the week and 45.16% over the past month. Its price is 74.42% year-to-date and 58.45% over the past year.

To reach the target analysts have set, the stock logically needs to grow 55.0 percent from here.

The company has a return on investment of -300.39% and return on equity of -138.53%. The beta has a value of 0.90. Price to book ratio is 2.53 and price to sales ratio is 6.76.