Streetbeat News

CXAI

CXApp Inc.

Industry

Software - Application

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. The company was formerly known as KINS Technology Group Inc. and changed its name to CXApp Inc. in March 2023. The company is based in Palo Alto, California.

Open

0.95

Mkt cap

18M

Volume

207K

High

1.00

P/E Ratio

0.83

52-wk high

7.07

Low

0.95

Div yield

N/A

52-wk low

0.88

CXApp, Inc. (NASDAQ:CXAI) shares are trading higher after the company announced a 50% reduction in operating expenses and a $5 million cash addition to its balance sheet through investors' redemption of 435 thousand warrants at $11.50. The company also entered into a warrant exchange agreement that will reduce the outstanding public warrants by more than 15%. The release of Q2 2023 financial results and earnings report is anticipated in August. There is a high short interest in CXAI with 69.28% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

July 21, 2023 | 3:38 pm

CXApp Inc. has added $5M to its balance sheet through warrant exercises. The company also added two Fortune 200 financial services customers last month, according to an SEC filing.

Portfolio Pulse from Happy Mohamed

July 14, 2023 | 1:02 pm

Benzinga Pro has released its list of the most-searched stocks for Q2 2023. The top 10 includes SPDR S&P 500 ETF, Tesla, Nvidia, Advanced Micro Devices, C3.ai, Amazon, Apple, Invesco QQQ Trust, Meta Platforms, and Microsoft. The newcomers in the second quarter were C3.ai and Microsoft. AMC Entertainment Holdings and Moderna dropped from the top 10.

Portfolio Pulse from Chris Katje

July 05, 2023 | 3:25 pm

12 IT stocks experienced significant price movements in Wednesday's pre-market session, with 6 gainers and 6 losers. Notable gainers include Backblaze, Expensify, and Rekor Systems, while Intchains Gr, Red Cat Holdings, and IronNet were among the losers.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 1:15 pm

12 IT stocks experienced significant price movements in Wednesday's pre-market session, with 6 gainers and 6 losers. Notable gainers include Backblaze, Expensify, Rekor Systems, Akerna, BTCS, and One Stop Systems. Losers include Intchains Gr, Red Cat Holdings, IronNet, Sonic Foundry, Addvantage Technologies, and CXApp.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 1:13 pm

Michael Angel has provided formal notice of his resignation as CFO of CXApp on May 31.

Portfolio Pulse from Charles Gross

June 06, 2023 | 8:16 pm

During Monday's intraday session, several IT stocks experienced significant price movements. Gainers included D-Wave Quantum, CXApp, Soluna Holdings, Latch, Dave, and Opera, while losers were Cyxtera Technologies, Universal Security, Rubicon Technologies, EPAM Sys, Cemtrex, and Digital Ally.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 5:31 pm

Amedisys shares surged 14.2% after receiving an unsolicited proposal from Optum for $100 per share. Other stocks with significant gains include Sono Group, Forza X1, Chijet Motor Company, and CIRCOR International. Bellerophon Therapeutics and Castle Biosciences were among the biggest losers.

Portfolio Pulse from Lisa Levin

June 05, 2023 | 5:09 pm

Capri Holdings shares dropped 10.8% following Q4 results, with the company projecting lower-than-expected Q1 revenue and EPS. Other stocks experienced significant price movements during Wednesday's mid-day session, with gainers including Aridis Pharmaceuticals, Bluejay Diagnostics, and VIQ Solutions, while losers included QualTek Services, Belite Bio, and Advance Auto Parts.

Portfolio Pulse from Lisa Levin

May 31, 2023 | 5:04 pm

CXApp Inc (NASDAQ:CXAI) shares are trading higher on Wednesday, up over 25% with more than 16 million shares traded, due to increased retail investor interest and above-average volume. The stock is linked to AI, which has seen increased interest from investors lately. CXAI also has outsized short interest, with more than 92% of the float currently sold short.

Portfolio Pulse from Erica Kollmann

May 31, 2023 | 4:09 pm

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