Gaxos.ai (GXAI) Projected to Announce Quarterly Earnings on Thursday

Gaxos.ai (NASDAQ:GXAI) will likely be releasing its resultson Thursday, November 12th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $3.00 million for the quarter.

Gaxos.ai (NASDAQ:GXAI) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.17. Gaxos.ai had a negative net margin of 64.81% and a negative return on equity of 38.79%. The firm had revenue of $2.46 million during the quarter, compared to analysts’ expectations of $1.80 million. On average, analysts expect Gaxos.ai to post ($0.30) EPS for the current fiscal year and ($0.31) EPS for the next fiscal year.

Gaxos.ai Trading Up 0.5%

Gaxos.ai stock opened at $0.45 on Thursday. Gaxos.ai has a fifty-two week low of $0.41 and a fifty-two week high of $2.63. The firm has a 50 day moving average price of $0.56 and a 200 day moving average price of $1.04.

Gaxos.ai announced that its Board of Directors has initiated a share repurchase plan on Monday, August 3rd that permits the company to buy back $1 million in outstanding shares. This repurchase authorization permits the company to buy up to 18.7% of its shares through open market purchases. Share repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GXAI. Wall Street Zen upgraded Gaxos.ai from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings downgraded Gaxos.ai from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Gaxos.ai

Gaxos.ai Inc (NASDAQ: GXAI) is a technology company focused on developing artificial intelligence applications and tools. Its activities center on using AI to create interactive digital experiences and software products for consumers and businesses.

The company’s stated areas of focus include gaming, wellness and productivity. In gaming, Gaxos.ai develops AI-enabled experiences designed to support dynamic content and user interaction. Its wellness and productivity initiatives are intended to apply artificial intelligence to personalized digital tools and applications.

Gaxos.ai serves the growing market for consumer and business applications that incorporate generative and adaptive AI technologies.