Brand Engagement Network (NASDAQ:BNAI) Stock Price Up 11.1% – Here’s Why

Brand Engagement Network, Inc. (NASDAQ:BNAI)’s stock price traded up 11.1% during mid-day trading on Wednesday . The company traded as high as $0.90 and last traded at $0.86. 207,569 shares changed hands during trading, a decline of 82% from the average session volume of 1,171,196 shares. The stock had previously closed at $0.77.

Wall Street Analysts Forecast Growth

Separately, Maxim Group assumed coverage on Brand Engagement Network in a research report on Thursday, July 25th. They issued a “buy” rating and a $6.00 price objective for the company.

Brand Engagement Network Price Performance

The stock has a 50-day moving average price of $0.99 and a two-hundred day moving average price of $2.04.

Brand Engagement Network (NASDAQ:BNAI) last announced its earnings results on Wednesday, August 14th. The company reported ($0.19) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Brand Engagement Network stock. Atlas Merchant Capital LLC purchased a new stake in shares of Brand Engagement Network, Inc. (NASDAQ:BNAI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 175,000 shares of the company’s stock, valued at approximately $604,000. Atlas Merchant Capital LLC owned 0.53% of Brand Engagement Network at the end of the most recent reporting period. 15.80% of the stock is owned by institutional investors.

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.