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 16, 2024, CXAI stock price declined to $3.20 with 375,658 million shares trading.

CXAI has a beta of 2.05, 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 $48.81 million. This is considered a Sub-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 -62.8% while the SPY ETF gained +29.6%. However, in the short term, CXAI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +106.5% vs +5.6% return in SPY. But in the last 2 weeks, CXAI shares have been beat by the market, returning -5.0% compared to an SPY return of +5.7%.

CXAI support price is $3.06 and resistance is $3.60 (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.