Gaxos.ai (NASDAQ:GXAI) Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of Gaxos.ai (NASDAQ:GXAI) to a strong sell rating in a research note released on Saturday.

Separately, Weiss Ratings reiterated 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, According to MarketBeat, the company has a consensus rating of “Sell”.

Gaxos.ai Stock Performance

Shares of GXAI stock opened at $1.51 on Friday. Gaxos.ai has a fifty-two week low of $1.00 and a fifty-two week high of $2.96. The firm has a market cap of $10.75 million, a P/E ratio of -3.60 and a beta of 1.17. The business’s 50 day moving average price is $1.26 and its 200-day moving average price is $1.43.

Hedge Funds Weigh In On Gaxos.ai

A number of hedge funds have recently bought and sold shares of the company. DRW Securities LLC bought a new stake in Gaxos.ai during the 4th quarter valued at about $213,000. Two Sigma Investments LP bought a new position in shares of Gaxos.ai in the third quarter worth approximately $90,000. Finally, XTX Topco Ltd purchased a new stake in shares of Gaxos.ai during the second quarter valued at approximately $48,000. 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. 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.