The Brand Engagement Network Inc. (BEN), an AI-driven customer engagement solutions provider, has announced its financial results and key business highlights for the fourth quarter and the full year ended December 31, 2024. The company has stated that 2024 was a defining year for them as they accelerated their expansion in key sectors such as automotive, media, and healthcare. In the fourth quarter, they successfully integrated their AI-powered solutions with Cox Automotive’s Dealer.com and formed strategic partnerships.

This report highlights the movement of 12 information technology stocks during Thursday's after-market session. Among the gainers were CXApp, whose stock increased by 42.3% to $1.17, taking its market cap to $21.8 million following the release of their Q4 earnings. Wellchange Holdings also saw a rise, with stocks up 12.82% to $0.22, bringing their market cap to $10.1 million. Argo Blockchain and Brand Engagement Network also saw their stocks rise, by 11.85% and 11.33% respectively.

Brand Engagement Network Inc. (BEN) has entered into a strategic partnership with Swiss Life Global Solutions. The collaboration will see BEN integrate its artificial intelligence (AI) technology to develop secure and scalable AI solutions for the insurance industry. The solutions are expected to streamline sales, enrollment, and member services.

This section of the Annual Report on Form 10-K is a management discussion and analysis of the financial condition and results of operations for Brand Engagement Network Inc. It includes a cautionary note regarding forward-looking statements, which don't relate strictly to historical or current facts. These statements reflect the company's current views on its operations and financial performance.

1) Brief Summary: The company under review has shown significant financial deterioration over the past quarter, as evidenced by a sharp drop in performance metrics, including a 69.20% drop in performance over the quarter, and a 422.39% negative return on equity. The stock's trading volume is quite low relative to its average, and its relative strength index (RSI) indicates it is in an oversold condition. The company's debt-to-equity ratio remains high at 1.25 while institutional and insider ownership are relatively low. The company has also seen a substantial decrease in total assets and equity over the last two quarters, while liabilities have remained relatively stable. The net cash flow has been negative for both quarters, indicating the company's financial distress. 2) MARKET_SCORE: 20

Given the poor financial health, negative performance metrics and low trading volume, the likelihood of an upward price move seems low. However, the oversold condition may trigger a short-term price correction. Hence, a score of 20 is assigned. 3) PRICE_TARGET: 0.35

Considering the current price of 0.3 and the potential for a short-term price correction due to the oversold condition, a moderate price target of 0.35 is estimated. 4) AI_RPT_HEADLINE: Severe financial deterioration overshadows oversold conditions for unnamed company

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