After SPAC KINZ Technology merged with CXApp Inc. (NASDAQ: CXAI), Inpixon’s (NASDAQ: INPX) past subsidiary, CXAI stock saw itself soaring more than 50% due to the rising interest in AI stocks. In turn, INPX ran more than 15% thanks to its stake in CXAI. With that in mind, INPX stock can prove to be a great sympathy play to AI stocks.
INPX Fundamentals
With AI stocks gaining more interest, INPX saw itself benefiting from the new trend even if it is not an AI company itself due to its 4.25% stake in CXAI – its spin-off. This stake equates to $6.6 million – more than INPX’s market cap of $6.1. Based on this, INPX stock could be extremely undervalued at current levels which could be a sign that the stock might soar to reflect the company’s value.
Meanwhile, INPX could be a profitable sympathy play to the AI sector thanks to its stake in CXAI. With CXAI stock gaining momentum along with the AI sector, INPX could provide investors with exposure to the AI sector which makes it an attractive play at its relatively low PPS. Given its low float of 26.6 million, INPX stock could return substantial percentage gains as the AI sector continues its run.
As for its core operations, INPX operates in the $3.9 billion real-time location services market. Since this market is expected to grow to $12.6 billion by 2026, INPX could be well-positioned to gain a significant share of this market as it was named a leader in indoor location services at the Gartner Magic Quadrant this year. If INPX is able to grow and maintain its position as a leader in this market, then its stock might be a bargain at its current PPS.
INPX Financials
In its Q1 2023 report, INPX’s assets decreased 47% QoQ from $57 million to $30 million, and its cash and cash equivalents increased 50% QoQ from $10.2 million to $15.2 million. INPX’s total liabilities decreased by 6% QoQ from $25.2 million to $23.7 million.
Revenue also increased 17% YoY from $2.6 million to $3.1 million. Operating costs decreased almost 4% from $11 million to $10.5 million, which contributed to the operating loss decrease of %12 YoY from $9.2 million to $8.1 million, which amounted to a net loss of $17 million – a 47% increase YoY.
Technical Analysis
INPX stock’s trend is neutral with the stock trading in a sideways channel between $0.1904 and $0.2237. Looking at the indicators, the stock is trading below the 200, 50, and 21 MAs which are bearish indications. Meanwhile, the RSI is neutral at 62 and the MACD is bullish.
As for the fundamentals, INPX does not have any upcoming catalysts. However, the stock could be a profitable sympathy play to the AI sector thanks to its stake in CXAI. As C3.ai is set to release its Q4 earnings on May 31, INPX could soar alongside CXAI stock if C3.ai beats estimates.
INPX Forecast
INPX stock seems to be following AI stocks’ trend even if it is not an AI stock itself due to its 4.25% stake in CXAI. Furthermore, INPX is probably undervalued as its stake in CXAI is worth more than its whole market cap. All of that combined makes INPX an interesting choice amidst the AI interest that has been building up.
INPX Fundamentals
With AI stocks gaining more interest, INPX saw itself benefiting from the new trend even if it is not an AI company itself due to its 4.25% stake in CXAI – its spin-off. This stake equates to $6.6 million – more than INPX’s market cap of $6.1. Based on this, INPX stock could be extremely undervalued at current levels which could be a sign that the stock might soar to reflect the company’s value.
Meanwhile, INPX could be a profitable sympathy play to the AI sector thanks to its stake in CXAI. With CXAI stock gaining momentum along with the AI sector, INPX could provide investors with exposure to the AI sector which makes it an attractive play at its relatively low PPS. Given its low float of 26.6 million, INPX stock could return substantial percentage gains as the AI sector continues its run.
As for its core operations, INPX operates in the $3.9 billion real-time location services market. Since this market is expected to grow to $12.6 billion by 2026, INPX could be well-positioned to gain a significant share of this market as it was named a leader in indoor location services at the Gartner Magic Quadrant this year. If INPX is able to grow and maintain its position as a leader in this market, then its stock might be a bargain at its current PPS.
INPX Financials
In its Q1 2023 report, INPX’s assets decreased 47% QoQ from $57 million to $30 million, and its cash and cash equivalents increased 50% QoQ from $10.2 million to $15.2 million. INPX’s total liabilities decreased by 6% QoQ from $25.2 million to $23.7 million.
Revenue also increased 17% YoY from $2.6 million to $3.1 million. Operating costs decreased almost 4% from $11 million to $10.5 million, which contributed to the operating loss decrease of %12 YoY from $9.2 million to $8.1 million, which amounted to a net loss of $17 million – a 47% increase YoY.
Technical Analysis
INPX stock’s trend is neutral with the stock trading in a sideways channel between $0.1904 and $0.2237. Looking at the indicators, the stock is trading below the 200, 50, and 21 MAs which are bearish indications. Meanwhile, the RSI is neutral at 62 and the MACD is bullish.
As for the fundamentals, INPX does not have any upcoming catalysts. However, the stock could be a profitable sympathy play to the AI sector thanks to its stake in CXAI. As C3.ai is set to release its Q4 earnings on May 31, INPX could soar alongside CXAI stock if C3.ai beats estimates.
INPX Forecast
INPX stock seems to be following AI stocks’ trend even if it is not an AI stock itself due to its 4.25% stake in CXAI. Furthermore, INPX is probably undervalued as its stake in CXAI is worth more than its whole market cap. All of that combined makes INPX an interesting choice amidst the AI interest that has been building up.