The trading price of CXApp Inc (NASDAQ:CXAI) closed higher on Monday, April 22, closing at $3.62, 4.02% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $17.64 and a 52-week low of $1.03. Over the past month, the stock has gained 45.97% in value.
CXApp Inc, whose market valuation is $55.20 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.35 per share this quarter, however they have predicted annual earnings per share of -$1.16 for 2023 and $0.9 for 2024. It means analysts are expecting annual earnings per share growth of 177.60% next year.
Analysts have forecast the company to bring in revenue of $1.8 million for the current quarter, with the likely lows of $1.8 million and highs of $1.8 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2023 is $5.8 million.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of CXApp Inc no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CXAI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that CXAI’s price is currently -9.34% off the SMA20 and 27.72% off the SMA50. The RSI metric on the 14-day chart is currently showing 49.66, and weekly volatility stands at 19.69%. When measured over the past 30 days, the indicator reaches 20.59%. CXApp Inc (NASDAQ:CXAI)’s beta value is currently sitting at 1.06, while the Average True Range indicator is currently displaying 0.79.
To see how CXApp Inc stock has been performing in comparison to its peers in the industry, here are the numbers: CXAI stock’s performance was 4.02% in the latest trading, and -66.39% in the past year.
An evaluation of the daily trading volume of CXApp Inc (NASDAQ:CXAI) indicates that the 3-month average is 9.48 million.
Currently, records show that 15.25 million of the company’s shares remain outstanding. The insiders hold 12.90% of outstanding shares, whereas institutions hold 4.98%. However, since the stock’s price has seen 180.62% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
