CXApp Inc (CXAI) recent activity suggests a positive outlook with the last week’s performance of 36.30%

On Monday, CXApp Inc (NASDAQ: CXAI) opened higher 10.84% from the last session, before settling in for the closing price of $1.66. Price fluctuations for CXAI have ranged from $1.03 to $7.07 over the past 52 weeks.

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It was noted that within the last five years, the titan of the Technology sector saw sales slided by -4.34%. Company’s average yearly earnings per share was noted 73.15% at the time writing. With a float of $12.38 million, this company’s outstanding shares have now reached $15.25 million.

In terms of profitability, gross margin is 51.94%, operating margin of -210.24%, and the pretax margin is -694.03%.

CXApp Inc (CXAI) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of CXApp Inc is 22.95%, while institutional ownership is 7.70%. The most recent insider transaction that took place on Aug 13 ’24, was worth 50,700. In this transaction Director of this company sold 15,000 shares at a rate of $3.38, taking the stock ownership to the 64,120 shares. Before that another transaction happened on Aug 13 ’24, when Company’s Director proposed sale 15,000 for $3.38, making the entire transaction worth $50,646.

CXApp Inc (CXAI) Latest Financial update

According to the Wall Street analysts, stocks earnings will be around 73.15% per share during the next fiscal year.

CXApp Inc (NASDAQ: CXAI) Trading Performance Indicators

Check out the current performance indicators for CXApp Inc (CXAI). In the past quarter, the stock posted a quick ratio of 0.52. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.48.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.09, a number that is poised to hit -0.26 in the next quarter and is forecasted to reach -0.60 in one year’s time.

Technical Analysis of CXApp Inc (CXAI)

The latest stats from [CXApp Inc, CXAI] show that its last 5-days average volume of 0.78 million was inferior to 4.07 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 76.72%. Additionally, its Average True Range was 0.13.

During the past 100 days, CXApp Inc’s (CXAI) raw stochastic average was set at 28.09%, which indicates a significant decrease from 74.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.06% in the past 14 days, which was lower than the 132.34% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.6398, while its 200-day Moving Average is $2.3487. Now, the first resistance to watch is $2.0000. This is followed by the second major resistance level at $2.1600. The third major resistance level sits at $2.3000. If the price goes on to break the first support level at $1.7000, it is likely to go to the next support level at $1.5600. The third support level lies at $1.4000 if the price breaches the second support level.

CXApp Inc (NASDAQ: CXAI) Key Stats

There are currently 15,267K shares outstanding in the company with a market cap of 31.66 million. Presently, the company’s annual sales total 7,370 K according to its annual income of -53,620 K. Last quarter, the company’s sales amounted to 1,770 K and its income totaled -5,260 K.