Core AI (NASDAQ:CHAI) Stock Price Down 2.7% – Here’s What Happened

Shares of Core AI Holdings (NASDAQ:CHAI) dropped 2.7% on Thursday . The company traded as low as $1.76 and last traded at $1.80. Approximately 7,041 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 45,819 shares. The stock had previously closed at $1.85.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Core AI from a “hold” rating to a “sell” rating in a report on Monday, November 10th.

Core AI Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.48. The stock has a 50 day moving average price of $1.89. The company has a market capitalization of $36.86 million, a P/E ratio of -0.02 and a beta of 1.99.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Core AI stock. Geode Capital Management LLC purchased a new position in Core AI Holdings (NASDAQ:CHAI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned 0.08% of Core AI as of its most recent SEC filing. 9.87% of the stock is currently owned by institutional investors.

About Core AI

Siyata Mobile Inc develops and provides cellular communications solutions for enterprise customers. It provides connected-vehicle devices and various accessories that are designed for professional fleets, such as trucks, vans, buses, ambulances, government cars, and others. The company also develops, markets, and sells rugged Push-To-Talk (PTT), mobile devices, cellular amplifiers, and various accessories. In addition, it offers 4G LTE devices, such as Uniden UV350 and Uniden CP250, in-vehicle communication devices that incorporate voice, push-to-talk over cellular, navigation, and data fleet management solutions.