Gaxos.ai (NASDAQ:GXAI) Issues Quarterly Earnings Results

Gaxos.ai (NASDAQ:GXAI) posted its quarterly earnings data on Thursday. The company reported ($0.14) EPS for the quarter, FiscalAI reports. The company had revenue of $0.50 million for the quarter. Gaxos.ai had a negative net margin of 1,845.25% and a negative return on equity of 27.37%.

Gaxos.ai Trading Down 5.9%

NASDAQ GXAI traded down $0.08 during trading hours on Friday, reaching $1.28. The company’s stock had a trading volume of 110,537 shares, compared to its average volume of 1,709,023. The business has a 50-day simple moving average of $1.67 and a 200 day simple moving average of $1.47. Gaxos.ai has a 52 week low of $1.00 and a 52 week high of $7.50. The stock has a market cap of $9.11 million, a PE ratio of -1.44 and a beta of 0.97.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gaxos.ai stock. XTX Topco Ltd bought a new stake in shares of Gaxos.ai Inc. (NASDAQ:GXAI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 34,006 shares of the company’s stock, valued at approximately $48,000. XTX Topco Ltd owned approximately 0.48% of Gaxos.ai as of its most recent SEC filing. 42.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GXAI shares. Wall Street Zen raised shares of Gaxos.ai to a “hold” rating in a research report on Saturday, September 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gaxos.ai in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Gaxos.ai

Gaxos.ai Inc engages in developing artificial intelligence applications for various sectors. Its portfolio includes applications in mental and physical wellbeing, coaching, and gaming. In addition, it offers Gaxos, a gaming platform develop, design, acquire, and manage conventional games and combine these games with unconventional game mechanisms.