Brand Engagement Network (NASDAQ:BNAI) Trading 3.5% Higher – Here’s Why

Brand Engagement Network Inc. (NASDAQ:BNAI) shot up 3.5% during mid-day trading on Thursday . The stock traded as high as $0.45 and last traded at $0.42. 799,671 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 3,046,558 shares. The stock had previously closed at $0.40.

Brand Engagement Network Price Performance

The company has a market cap of $17.97 million, a price-to-earnings ratio of -0.49 and a beta of 0.64. The firm’s 50 day simple moving average is $0.34 and its 200-day simple moving average is $0.45.

Hedge Funds Weigh In On Brand Engagement Network

An institutional investor recently bought a new position in Brand Engagement Network stock. Lee Kelleher Wealth Management acquired a new stake in Brand Engagement Network Inc. (NASDAQ:BNAI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,000 shares of the company’s stock, valued at approximately $52,000. Lee Kelleher Wealth Management owned approximately 0.35% of Brand Engagement Network at the end of the most recent reporting period. Institutional investors 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.