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 research report released on Friday morning.

Gaxos.ai Price Performance

GXAI opened at $1.41 on Friday. Gaxos.ai has a one year low of $1.00 and a one year high of $7.50. The company’s 50 day simple moving average is $1.22 and its 200-day simple moving average is $1.64.

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.

Hedge Funds Weigh In On Gaxos.ai

A number of hedge funds and other institutional investors have recently made changes to their positions in GXAI. Raymond James Financial Inc. bought a new stake in Gaxos.ai in the 4th quarter valued at $29,000. Thoroughbred Financial Services LLC acquired a new stake in Gaxos.ai in the 4th quarter valued at $39,000. Finally, Virtu Financial LLC increased its stake in shares of 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 last quarter. 42.62% of the stock is owned by institutional investors.

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.