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Tuesday, December 5, 2023

Analyst Expects CXApp Inc (NASDAQ: CXAI) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for CXApp Inc (CXAI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 2.72%, to $1.51. The CXApp Inc has recorded 14,639 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed CXApp Inc. (NASDAQ:CXAI) Announces Q3 2023 Financial Results: Record Growth & Industry Momentum for CXAI Platform.

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Stocks Info

As a NASDAQ listed company, CXAI falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $1.47 and fluctuated between $1.6500 as its day high and $1.4300 as its day low. The current market capitalization of CXApp Inc is $22.21M. A total of 1.06 million shares were traded on the day, compared to an average of 852.76K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CXAI has seen 2 BUY and 6 SELL insider trades, representing the acquisition of 274,085 and the disposition of 6,710,826 shares. Over the last 12 months, there were 4 BUYs and 7 SELLs from insiders. Insiders purchased 6,939,151 shares during that period but sold 6,885,826.

In the most recent transaction, Sheikh Khurram P sold 38,190 shares of CXAI for 3.39 per share on Sep 08. After the transaction, the Director now owns 2,421,648 company shares. In a previous transaction on Sep 08, EISNOR DI-ANN sold 3,000 shares at 3.28 per share. CXAI shares that Director owns now total 79,120.

Among the insiders who sold shares, Sheikh Khurram P disposed of 11,810 shares on Sep 07 at a per-share price of $3.51. This resulted in the Director holding 2,459,838 shares of CXAI after the transaction. In another insider transaction, EISNOR DI-ANN sold 2,600 shares at $3.52 per share on Sep 07. Company shares held by the Director now total 82,120.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CXAI in the last 3 months, the mean price target is $6.00 with high estimates of $6.00 and low estimates of $6.00. In terms of 52-week highs and lows, CXAI has a high of $21.00 and a low of $1.17.

As of this writing, CXAI has an earnings estimate of $Exscientia Plc per share for the current quarter. EPS was calculated based on a consensus of CXApp Inc. estimates, with a high estimate of $CXAIW per share and a lower estimate of $CRA International,Inc..

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CXAI’s latest balance sheet shows that the firm has $406.13k in Cash & Short Term Investments as of fiscal 2021.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CXAI is Buy with a score of 5.00.

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