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

Core AI Holdings (NASDAQ:CHAI) shares were down 2.7% during mid-day trading on Thursday . The company traded as low as $1.76 and last traded at $1.80. Approximately 7,041 shares traded 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 shares of Core AI from a “hold” rating to a “sell” rating in a research report on Monday, November 10th.

Core AI Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 2.02. The business’s 50 day simple moving average is $1.90. The company has a market cap of $35.86 million, a price-to-earnings ratio of -0.02 and a beta of 1.99.

Hedge Funds Weigh In On Core AI

A hedge fund recently bought a new stake in Core AI stock. Geode Capital Management LLC acquired a new stake in shares of Core AI Holdings (NASDAQ:CHAI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 filing with the SEC. 9.87% of the stock is owned by institutional investors.

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.