AIXI Stock Surges Over 5% Amid Volatile Trading

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Oct 22, 2024

In recent trading, Xiao-I Corporation (AIXI, Financial) experienced significant stock movement with shares rising by 5.13%. The stock is currently priced at $5.12, with a trading volume of 45,301 shares and a turnover rate of 0.56%. The stock's price fluctuated within a 7.60% range.

Financial reports indicate that Xiao-I Corporation reported revenues of $59.11 million, a net loss of $26.44 million, and earnings per share of -$3.35. The company has a gross profit of $39.39 million and a price-to-earnings ratio of -1.51. Currently, there are no analyst ratings available for buying, holding, or selling the stock.

Within the broader software services industry, where Xiao-I Corporation operates, the average gain was 1.33%. Some related stocks, such as Arqit Quantum Inc and Phunware, Inc., saw notable increases, while others like Cemtrex Inc. and Urgent.Ly Inc. were notably active with high turnover rates.

Xiao-I Corporation specializes in AI cognitive intelligence platforms, integrating technologies like natural language processing and machine learning. The company provides solutions across various sectors, including finance, public services, and healthcare, generating revenue from software sales and cloud platform products.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.