Gaxos.ai (NASDAQ:GXAI) Downgraded to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Gaxos.ai (NASDAQ:GXAI) to a strong sell rating in a report published on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gaxos.ai in a research report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Gaxos.ai presently has a consensus rating of “Sell”.

Gaxos.ai Trading Down 10.5%

Gaxos.ai stock opened at $1.62 on Friday. The company has a market capitalization of $11.53 million, a P/E ratio of -3.86 and a beta of 1.17. Gaxos.ai has a 1-year low of $1.00 and a 1-year high of $2.96. The firm’s fifty day simple moving average is $1.25 and its 200-day simple moving average is $1.44.

Hedge Funds Weigh In On Gaxos.ai

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in Gaxos.ai in the 2nd quarter worth $48,000. Two Sigma Investments LP acquired a new position in shares of Gaxos.ai in the 3rd quarter worth approximately $90,000. Finally, DRW Securities LLC acquired a new position in Gaxos.ai during the fourth quarter worth $213,000. 42.62% of the stock is currently owned by institutional investors and hedge funds.

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. The company was formerly known as The NFT Gaming Company, Inc and changed its name to Gaxos.ai Inc in January 2024. Gaxos.ai Inc was incorporated in 2021 and is based in Roseland, New Jersey.