CXApp Inc Stock Price Outperforms S&P 500, Algorithm Forecasts +1500% Surge In the Next 12 Months

Key takeaways

• CXApp (CXAI) unveils SaaS that delivers an immersive workplace experience with augmented reality and artificial intelligence, aiming to solve the return to office problem
• CXAI stock price has risen 50% in the past 5 days, outperforming the S&P500 over the same timeframe
• The CoinCodex price prediction algorithm expects CXAI to surge off the market bottom, with a +1500% forecast that would take the stock to new all-time highs

CXAI outperforms S&P500 after unveiling AI-based SaaS for the return to office problem

CXApp Inc. (NASDAQ:CXAI) has risen more than 50% in the past five days, potentially marking a key turning point for the price of the stock. During the period, CXAI has outperformed the S&P500, which fell -1% in the same timeframe.

The company recently unveiled a return to office (RTO) solution for businesses that have suffered in the wake of the work-from-home movement, launching a SaaS that is powered by artificial intelligence and augmented reality technologies.

It is estimated that the RTO problem is worth $1.3 trillion, with large companies around the world suffering a decline in productive efficiency due to human capital becoming increasingly disconnected.

CXApp’s AI-based workplace SaaS platform aims to deliver a solution. It will introduce a “seamless integration of digital experiences with the real world” through the use of augmented reality tech, coupled with customer service functions that can improve output and efficiency through the use of artificial intelligence.

By mapping physical workplaces into a 3D model, the SaaS can be used either in-person, in a hybrid model, or in a work from home environment. Khurram Sheikh, the Chairman and CEO of CXApp stated that this will enable teams to “create unique and immersive digital workspaces to collaborate more effectively.”

The CXAI stock price has surged in recent days after a prolonged downtrend sent the price tumbling more than 90%, from above $20 to $1.30 between April and September 2023. The recent +50% move may mark a key turning point, with the CoinCodex algorithm expecting further upside during a sustained recovery.

Algorithm predicts +1,500% rally for CXAI, taking stock price to new highs in 2024

CXAI has experienced a significant downtrend in recent times, losing -93% of its value over a 5-month period. This downtrend included three successive monthly price reductions of more than 40%, culminating in the stock price finding support at a previous range low that was formed in April.

The CoinCodex price prediction algorithm now expects that the recent downtrend for CXAI has reached a turning point, with a trend reversal looking likely after the stock spent almost the entire month of September below the $2 price level. It seems as though the recent re-test of its former low has marked a market bottom and provided a natural accumulation phase for the stock.

After the low that was formed in April, CXAI posted a +1490% surge. The CoinCodex price prediction algorithm is anticipating that CXAI repeats the feat in the coming months, with a +1500% impulsive wave expected to occur before Q1 2024. This major bullish surge would give CXAI a new all-time high above the $30 price level.

Price prediction for CXAI