A major move is in the offing as CXApp Inc (CXAI) market cap hits 33.37 million

CXApp Inc (NASDAQ: CXAI) on Friday, plunged -5.29% from the previous trading day, before settling in for the closing price of $1.89. Within the past 52 weeks, CXAI’s price has moved between $1.03 and $7.07.

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Technology Sector giant saw their annual sales slid by -4.34% over the last five years. The company achieved an average annual earnings per share of 71.30%. With a float of $14.46 million, this company’s outstanding shares have now reached $16.07 million.

The firm has a total of 46 workers. Let’s measure their productivity. In terms of profitability, gross margin is 62.08%, operating margin of -193.99%, and the pretax margin is -767.56%.

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 22.40%, while institutional ownership is 5.93%. 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) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 71.30% per share during the next 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 0.45 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.63.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.54, a number that is poised to hit -0.24 in the next quarter and is forecasted to reach -0.58 in one year’s time.

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 0.59 million was lower than the volume posted last year of 1.18 million. As of the previous 9 days, the stock’s Stochastic %D was 21.58%. Additionally, its Average True Range was 0.22.

During the past 100 days, CXApp Inc’s (CXAI) raw stochastic average was set at 40.74%, which indicates a significant increase from 16.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 105.08% in the past 14 days, which was higher than the 103.43% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.7106, while its 200-day Moving Average is $2.2681. Now, the first resistance to watch is $1.8917. This is followed by the second major resistance level at $1.9933. The third major resistance level sits at $2.0567. If the price goes on to break the first support level at $1.7267, it is likely to go to the next support level at $1.6633. Should the price break the second support level, the third support level stands at $1.5617.

CXApp Inc (NASDAQ: CXAI) Key Stats

Market capitalization of the company is 33.37 million based on 16,460K outstanding shares. Right now, sales total 7,370 K and income totals -53,620 K. The company made 1,900 K in profit during its latest quarter, and -5,000 K in sales during its previous quarter.