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

Gaxos.ai (NASDAQ:GXAI) is anticipated to release 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 earnings results on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.03. Gaxos.ai had a negative net margin of 203.88% and a negative return on equity of 27.61%. The company had revenue of $1.24 million for the quarter.

Gaxos.ai Stock Down 11.7%

NASDAQ:GXAI opened at $1.36 on Friday. The firm’s fifty day simple moving average is $1.31 and its 200-day simple moving average is $1.40. The stock has a market cap of $9.68 million, a PE ratio of -2.47 and a beta of 1.17. Gaxos.ai has a fifty-two week low of $1.00 and a fifty-two week high of $2.96.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. DRW Securities LLC purchased a new stake in shares of Gaxos.ai in the 4th quarter worth about $213,000. Two Sigma Investments LP purchased a new position in Gaxos.ai during the 3rd quarter valued at about $90,000. Finally, XTX Topco Ltd purchased a new position in Gaxos.ai during the 2nd quarter valued at about $48,000. Hedge funds and other institutional investors own 42.62% of the company’s stock.

Wall Street Analysts Forecast Growth

GXAI has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Gaxos.ai to a “strong sell” rating in a report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gaxos.ai in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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.