Brand Engagement Network (NASDAQ:BNAI) Now Covered by Maxim Group

Maxim Group initiated coverage on shares of Brand Engagement Network (NASDAQ:BNAI) in a research note released on Thursday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $6.00 price objective on the stock.

Brand Engagement Network Stock Performance

NASDAQ:BNAI opened at $2.74 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $3.12. Brand Engagement Network has a 12 month low of $0.99 and a 12 month high of $19.75.

Brand Engagement Network (NASDAQ:BNAI) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.27) earnings per share (EPS) for the quarter. The firm had revenue of $0.05 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Brand Engagement Network stock. Whittier Trust Co. purchased a new position in shares of Brand Engagement Network, Inc. (NASDAQ:BNAI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,267 shares of the company’s stock, valued at approximately $319,000. Whittier Trust Co. owned about 0.14% of Brand Engagement Network as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 15.80% of the company’s stock.

Brand Engagement Network Company Profile

Brand Engagement Network, Inc provides conversational AI assistants. The company offers security-focused, multimodal communication, and human-like assistants. Its AI assistants are built on proprietary natural language processing, anomaly detection, multisensory awareness, sentiment, and environmental analysis, as well as real-time individuation and personalization capabilities.