Core AI (NASDAQ:CHAI) Posts Earnings Results

Core AI (NASDAQ:CHAI) issued its quarterly earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. Core AI had a negative return on equity of 123.03% and a negative net margin of 78.92%.

Core AI Stock Performance

Shares of CHAI traded down $0.02 during mid-day trading on Monday, reaching $0.28. The company had a trading volume of 289,858 shares, compared to its average volume of 3,687,465. The company has a market capitalization of $5.54 million, a price-to-earnings ratio of -0.06 and a beta of 2.03. The company’s 50 day simple moving average is $0.64 and its 200 day simple moving average is $1.08. Core AI has a 1-year low of $0.27 and a 1-year high of $15.68.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Core AI stock. Geode Capital Management LLC acquired 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 fund acquired 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 currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Core AI from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Core AI has an average rating of “Sell”.

Core AI Company Profile

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.