CXApp Inc (CXAI) average volume reaches $866.20K: Is Wall Street expecting a rally?

CXApp Inc (NASDAQ: CXAI) on November 20, 2023, started off the session at the price of $1.40, soaring 11.03% from the previous trading day. During the day, the shares moved up to $1.545 and dropped to $1.37 before settling in for the closing price of $1.36. Within the past 52 weeks, CXAI’s price has moved between $1.17 and $21.00.

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CXApp Inc (CXAI) Insider Activity

Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of CXApp Inc is 20.47%, while institutional ownership is 4.41%. The most recent insider transaction that took place on Sep 08, was worth 129,311. In this transaction Director of this company sold 38,190 shares at a rate of $3.39, taking the stock ownership to the 2,421,648 shares. Before that another transaction happened on Sep 08, when Company’s Director sold 3,000 for $3.28, making the entire transaction worth $9,831. This insider now owns 79,120 shares in total.

CXApp Inc (CXAI) Earnings and Forecasts

As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $0.13 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.28) by $0.41. This company achieved a return on equity of 3.64. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.25 per share during the current fiscal year.

CXApp Inc (NASDAQ: CXAI) Trading Performance Indicators

CXApp Inc (CXAI) is currently performing well based on its current performance indicators. A quick ratio of 0.14 was reported for the most recent quarter.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.93, a number that is poised to hit -0.35 in the next quarter

Technical Analysis of CXApp Inc (CXAI)

Analysing the last 5-days average volume posted by the [CXApp Inc, CXAI], we can find that recorded value of 0.68 million was lower than the volume posted last year of 2.33 million. As of the previous 9 days, the stock’s Stochastic %D was 46.67%. Additionally, its Average True Range was 0.18.

During the past 100 days, CXApp Inc’s (CXAI) raw stochastic average was set at 3.35%, which indicates a significant decrease from 67.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 125.58% in the past 14 days, which was lower than the 142.93% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.5263, while its 200-day Moving Average is $6.2459. Now, the first resistance to watch is $1.5800. This is followed by the second major resistance level at $1.6500. The third major resistance level sits at $1.7550. If the price goes on to break the first support level at $1.4050, it is likely to go to the next support level at $1.3000. Should the price break the second support level, the third support level stands at $1.2300.

CXApp Inc (NASDAQ: CXAI) Key Stats

Market capitalization of the company is 23.03 million based on 15,105K outstanding shares. Right now, sales total 0 K and income totals 17,630 K. The company made 1,920 K in profit during its latest quarter, and -14,730 K in sales during its previous quarter.


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