CXAI Stock Summary and Trading Ideas (Cxapp - Class A | NASDAQ:CXAI)

CXApp Inc is a workplace experience platform for enterprise customers. It is a SaaS product for enterprise organizations, distributing a mobile app to all employees within the organization. It includes a content management system (or CMS) so customers can adjust configurations for their workplace settings autonomously and spontaneously. Its technologies and solutions help enterprise customers deliver a comprehensive business journey in a work 'from-anywhere' world for employees, partners, customers, and visitors. CXApp offers native mapping, analytics, on-device positioning (or ODP), and application technologies that bring people together.

Cxapp - Class A trades on the NASDAQ stock market under the symbol CXAI.

As of May 9, 2024, CXAI stock price declined to $3.47 with 419,299 million shares trading.

CXAI has a beta of 2.12, meaning it tends to be more sensitive to market movements. CXAI has a correlation of 0.02 to the broad based SPY ETF.

CXAI has a market cap of $52.93 million. This is considered a Micro Cap stock.

The top ETF exchange traded funds that CXAI belongs to (by Net Assets): VTI, VXF, IWO, VTWO, IWC.

CXAI has underperformed the market in the last year with a price return of -63.6% while the SPY ETF gained +27.7%. However, in the short term, CXAI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +177.6% vs +4.7% return in SPY. But in the last 2 weeks, CXAI shares have been beat by the market, returning -0.3% compared to an SPY return of +2.9%.

CXAI support price is $3.18 and resistance is $3.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CXAI stock will trade within this expected range on the day.