Zacks Research Brokers Raise Earnings Estimates for Gaxos.ai

Gaxos.ai Inc. (NASDAQ:GXAI) – Investment analysts at Zacks Research lifted their Q3 2026 EPS estimates for shares of Gaxos.ai in a report issued on Monday, August 17th. Zacks Research analyst L. Thompson now anticipates that the company will post earnings of ($0.11) per share for the quarter, up from their previous estimate of ($0.15). The consensus estimate for Gaxos.ai’s current full-year earnings is ($0.64) per share. Zacks Research also issued estimates for Gaxos.ai’s FY2026 earnings at ($0.30) EPS and FY2027 earnings at ($0.31) EPS.

Other equities research analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Gaxos.ai from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings cut Gaxos.ai from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Gaxos.ai currently has an average rating of “Sell”.

Gaxos.ai Stock Up 4.8%

NASDAQ:GXAI opened at $0.85 on Thursday. The business has a 50 day moving average price of $1.05 and a two-hundred day moving average price of $1.20. The company has a market cap of $6.08 million, a P/E ratio of -1.71 and a beta of 0.94. Gaxos.ai has a twelve month low of $0.73 and a twelve month high of $2.96.

Gaxos.ai (NASDAQ:GXAI) last announced its earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.17. The firm had revenue of $2.46 million during the quarter, compared to analyst estimates of $1.80 million. Gaxos.ai had a negative net margin of 64.81% and a negative return on equity of 38.79%.

Institutional Trading of Gaxos.ai

A number of hedge funds have recently made changes to their positions in GXAI. XTX Topco Ltd acquired a new stake in Gaxos.ai during the 2nd quarter worth approximately $48,000. Two Sigma Investments LP bought a new stake in Gaxos.ai in the third quarter worth approximately $90,000. Finally, DRW Securities LLC bought a new position in shares of Gaxos.ai during the 4th quarter worth approximately $213,000. 42.62% of the stock is owned by institutional investors and hedge funds.

Gaxos.ai announced that its board has authorized a stock repurchase plan on Monday, August 3rd that authorizes the company to repurchase $1,000.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 18,726,591.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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. 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.