Core AI (NASDAQ:CHAI) Releases Quarterly Earnings Results

Core AI (NASDAQ:CHAI) issued its earnings results on Thursday. The company reported ($0.14) earnings per share (EPS) for the quarter, Zacks reports. Core AI had a negative net margin of 57.19% and a negative return on equity of 69.32%.

Core AI Stock Up 0.1%

NASDAQ:CHAI traded up $0.00 during mid-day trading on Thursday, reaching $0.94. 22,268 shares of the stock were exchanged, compared to its average volume of 100,272. The company has a 50 day simple moving average of $1.10 and a 200-day simple moving average of $1.69. The stock has a market capitalization of $18.78 million, a P/E ratio of -0.01 and a beta of 1.99. Core AI has a 1 year low of $0.92 and a 1 year high of $20.72.

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 shares of Core AI Holdings (NASDAQ:CHAI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,069 shares of the company’s stock, valued at approximately $25,000. Geode Capital Management LLC owned about 0.08% of Core AI as of its most recent SEC filing. 9.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on shares of Core AI in a report on Tuesday, May 26th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.