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

Gaxos.ai (NASDAQ:GXAI) was downgraded by investment analysts at Wall Street Zen to a “strong sell” rating in a report released on Saturday.

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

Gaxos.ai Stock Performance

GXAI opened at $1.62 on Friday. The company has a market cap of $11.53 million, a price-to-earnings ratio of -3.86 and a beta of 1.17. Gaxos.ai has a one year low of $1.00 and a one year high of $2.96. The business’s fifty day moving average is $1.25 and its two-hundred day moving average is $1.44.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GXAI. XTX Topco Ltd increased its stake in Gaxos.ai by 197.4% in the fourth quarter. XTX Topco Ltd now owns 44,811 shares of the company’s stock valued at $48,000 after purchasing an additional 29,745 shares during the last quarter. Two Sigma Investments LP purchased a new position in Gaxos.ai during the third quarter worth about $90,000. Finally, DRW Securities LLC acquired a new stake in Gaxos.ai in the 4th quarter worth about $213,000. Hedge funds and other 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. 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.