Gaxos.ai (GXAI) Expected to Announce Earnings on Friday

Gaxos.ai (NASDAQ:GXAI) is projected to post its results before the market opens on Friday, March 27th. Analysts expect Gaxos.ai to post earnings of ($0.16) per share and revenue of $0.9970 million for the quarter.

Gaxos.ai (NASDAQ:GXAI) last issued its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.03. The firm had revenue of $1.24 million for the quarter. Gaxos.ai had a negative return on equity of 27.61% and a negative net margin of 203.88%.

Gaxos.ai Stock Down 2.9%

Gaxos.ai stock opened at $1.33 on Wednesday. Gaxos.ai has a twelve month low of $1.00 and a twelve month high of $2.96. The company has a market capitalization of $9.47 million, a P/E ratio of -2.42 and a beta of 1.17. The stock’s 50 day moving average is $1.31 and its 200 day moving average is $1.39.

Analyst Ratings Changes

Several research firms have commented on GXAI. Wall Street Zen downgraded Gaxos.ai to a “strong sell” rating in a report on Saturday, March 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Gaxos.ai in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Gaxos.ai

Several institutional investors and hedge funds have recently made changes to their positions in GXAI. DRW Securities LLC bought a new stake in shares of Gaxos.ai during the fourth quarter valued at approximately $213,000. Two Sigma Investments LP bought a new position in Gaxos.ai in the 3rd quarter valued at approximately $90,000. Finally, XTX Topco Ltd purchased a new stake in Gaxos.ai during the 2nd quarter valued at $48,000. Institutional investors own 42.62% of the company’s stock.

Gaxos.ai Company Profile

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.