Xiao-I (NASDAQ:AIXI) Shares Up 12.7% – Time to Buy?

Shares of Xiao-I Co. (NASDAQ:AIXI) rose 12.7% on Friday . The stock traded as high as $3.06 and last traded at $2.92. Approximately 66,683 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 118,094 shares. The stock had previously closed at $2.59.

Xiao-I Stock Performance

The firm’s 50-day simple moving average is $3.96 and its 200-day simple moving average is $4.97.

Institutional Trading of Xiao-I

A hedge fund recently raised its stake in Xiao-I stock. Steward Partners Investment Advisory LLC grew its position in shares of Xiao-I Co. (NASDAQ:AIXI) by 729.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,300 shares of the company’s stock after purchasing an additional 37,200 shares during the period. Steward Partners Investment Advisory LLC owned about 0.44% of Xiao-I worth $244,000 at the end of the most recent reporting period. 3.99% of the stock is currently owned by institutional investors and hedge funds.

Xiao-I Company Profile

Xiao-I Corporation, through its subsidiary, Shanghai Xiao-i Robot Technology Co, Ltd., provides software services in the People’s Republic of China. It offers conversational AI platform that uses deep learning, data enhancement, active learning technologies for dialog management, context processing mechanisms, and driven by a learning system; knowledge fusion platform which integrates Q&A, documents, multimedia, information forms, business processes, knowledge graphs, and multimodal; intelligence voice platform to enhance intelligent speech solutions, realizing the macro processes of intelligent IVP, intelligent outbound calls, speech analysis, agent assistance, and human-computer interaction; and hyperautomation platform that integrates technologies, such as OCR, NLP, and visualized data mining and analysis that enables users to realize business and process automation.