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

Wall Street Zen cut shares of Gaxos.ai (NASDAQ:GXAI) from a hold rating to a sell rating in a report published on Saturday morning.

Separately, Weiss Ratings reiterated 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, the stock currently has a consensus rating of “Sell”.

Gaxos.ai Stock Performance

Shares of GXAI opened at $1.30 on Friday. Gaxos.ai has a fifty-two week low of $1.00 and a fifty-two week high of $7.50. The firm has a market cap of $9.26 million, a price-to-earnings ratio of -1.46 and a beta of 0.97. The firm has a 50 day moving average price of $1.66 and a 200-day moving average price of $1.48.

Gaxos.ai (NASDAQ:GXAI) last released its earnings results on Thursday, November 13th. The company reported ($0.14) EPS for the quarter. The business had revenue of $0.50 million for the quarter. Gaxos.ai had a negative net margin of 549.60% and a negative return on equity of 24.33%.

Institutional Investors Weigh In On Gaxos.ai

A hedge fund recently bought a new stake in Gaxos.ai stock. XTX Topco Ltd acquired a new stake in Gaxos.ai Inc. (NASDAQ:GXAI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 34,006 shares of the company’s stock, valued at approximately $48,000. XTX Topco Ltd owned 0.48% of Gaxos.ai at the end of the most recent quarter. 42.62% of the stock is owned by institutional investors and hedge funds.

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.