Gaxos.ai (NASDAQ:GXAI) Trading 2.9% Higher – Here’s What Happened

Gaxos.ai Inc. (NASDAQ:GXAI)’s share price was up 2.9% during mid-day trading on Monday . The stock traded as high as $1.46 and last traded at $1.43. Approximately 46,660 shares were traded during trading, a decline of 53% from the average daily volume of 100,272 shares. The stock had previously closed at $1.39.

Gaxos.ai Trading Down 3.4 %

The company’s fifty day simple moving average is $1.96 and its 200-day simple moving average is $2.88.

Gaxos.ai (NASDAQ:GXAI) last issued its earnings results on Tuesday, August 13th. The company reported ($0.72) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gaxos.ai stock. Murchinson Ltd. purchased a new stake in Gaxos.ai Inc. (NASDAQ:GXAI) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,207 shares of the company’s stock, valued at approximately $81,000. Murchinson Ltd. owned approximately 1.21% of Gaxos.ai as of its most recent filing with the SEC. Institutional investors and hedge funds own 42.62% of the company’s stock.

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.