Gaxos.ai (NASDAQ:GXAI) Rating Increased to Hold at Wall Street Zen

Gaxos.ai (NASDAQ:GXAI) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Gaxos.ai Price Performance

Shares of NASDAQ GXAI opened at $1.38 on Friday. Gaxos.ai has a 1 year low of $1.00 and a 1 year high of $7.50. The firm has a 50-day simple moving average of $1.26 and a two-hundred day simple moving average of $1.65.

Gaxos.ai (NASDAQ:GXAI) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.17) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GXAI. Virtu Financial LLC increased its holdings in Gaxos.ai by 151.8% during the 4th quarter. Virtu Financial LLC now owns 29,296 shares of the company’s stock worth $75,000 after purchasing an additional 17,663 shares during the period. Thoroughbred Financial Services LLC purchased a new position in Gaxos.ai during the 4th quarter worth $39,000. Finally, Raymond James Financial Inc. purchased a new position in Gaxos.ai during the 4th quarter worth $29,000. Institutional investors own 42.62% of the company’s stock.

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.