CXApp (NASDAQ:CXAI) Shares Down 7.9% – Here’s Why

CXApp Inc. (NASDAQ:CXAI) fell 7.9% during trading on Tuesday . The company traded as low as $1.25 and last traded at $1.28. 646,970 shares changed hands during trading, a decline of 30% from the average session volume of 918,337 shares. The stock had previously closed at $1.39.

CXApp Stock Down 7.9 %

The stock has a fifty day moving average of $1.71 and a two-hundred day moving average of $1.73. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.25.

Institutional Trading of CXApp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in CXApp by 59,992.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 31,849 shares of the company’s stock worth $54,000 after acquiring an additional 31,796 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of CXApp by 11.8% during the fourth quarter. Geode Capital Management LLC now owns 137,913 shares of the company’s stock valued at $251,000 after purchasing an additional 14,601 shares during the last quarter. Two Sigma Securities LLC grew its stake in shares of CXApp by 120.6% during the fourth quarter. Two Sigma Securities LLC now owns 27,554 shares of the company’s stock valued at $50,000 after purchasing an additional 15,064 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of CXApp in the fourth quarter valued at approximately $42,000. 14.41% of the stock is currently owned by institutional investors and hedge funds.

CXApp Company Profile

CXApp Inc provides a workplace experience platform for enterprise customers. It offers CXApp, a software-as-a-service platform with native mapping, analytics, on-device positioning, and applications technologies for use in various applications, such as workplace experience, employee engagement, desk and meeting room reservations, workplace analytics, occupancy management, content delivery, corporate communications and notifications, event management, live indoor mapping, wayfinding, and navigation.